secwatch.observer — SEC 8-K summary
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Issuer:     FLEXIBLE SOLUTIONS INTERNATIONAL INC (FSI)
CIK:        0001069394
Form:       8-K
Filed at:   2023-11-15T23:59:59+00:00
Accession:  0001493152-23-041467
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1069394/000149315223041467/0001493152-23-041467-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1069394/000149315223041467/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-041467

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer