FSI reports FY2023 revenue $38.3M (-16% YoY), EPS $0.22 vs $0.57

FLEXIBLE SOLUTIONS INTERNATIONAL INC

2024-Q1 EPS reported $0.04 revenue$9,224,872

Full year 2023 revenue $38,324,806, down ~16% from $45,840,469 in 2022.
Net income $2,775,864 ($0.22 basic EPS) vs $7,021,604 ($0.57 EPS) in 2022.
Non-GAAP operating cash flow $4,598,698 ($0.37/share) vs $8,442,735 ($0.68/share) in 2022.
CEO cites residual inventory and shipping costs; expects Q1 2024 effects but hopes for growth later in 2024.

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