Flexible Solutions Q3 net loss of $718K; sales down 25% YoY to $8.7M

FLEXIBLE SOLUTIONS INTERNATIONAL INC

2023-Q3 EPS reported $0.08 revenue$28,899,429

Q3 2023 sales $8,720,621, down ~25% from $11,685,107 in Q3 2022.
Net loss of $718,161 ($0.06 per share) vs net income of $1,108,131 ($0.09 per share) in Q3 2022.
CEO cites difficult customer conditions; FSI will review costs to return to profitability.
Nine-month non-GAAP operating cash flow $3,284,640 ($0.26 per share) vs $6,227,068 ($0.50 per share) prior year.
NanoChem and ENP remain dominant; new opportunities in detergent, water treatment, and ag.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FLEXIBLE SOLUTIONS INTERNATIONAL INC reported third quarter ended September 30, 2023 results: revenue $8,720,621, net income $(718,161), EPS $(0.06) per share.

Period: third quarter ended September 30, 2023
Revenue: $8,720,621
Net income: $(718,161)
EPS: $(0.06) per share
Result: reported results

Exact text from the filing

operating costs and search for lower cost of goods in the fourth quarter and throughout 2024 as we attempt to revert to profitability.” ● Sales for the third quarter(Q3) were $8,720,621, down approximately 25% when compared to sales of $11,685,107 in the corresponding period a year ago. ● Q3, 2023 net loss was $(718,161), or $(0.06) per share, compared to a net

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Source: SEC EDGAR

accession 0001493152-23-041467

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