Flexible Solutions Q1 sales $9.22M, net income $457K, down 48% YoY

FLEXIBLE SOLUTIONS INTERNATIONAL INC

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

Sales $9,224,872, down 6% YoY from $9,847,517; EPS $0.04 vs $0.07.
Net income $457K vs $884K; lower earnings due to higher COGS, depreciation, one-time Naperville closure costs.
Non-GAAP operating cash flow $1.34M ($0.11/share) vs $1.73M ($0.14/share) YoY.
Naperville R&D facility closure costs taken in Q1; benefits expected in Q2 and Q3.
New food/nutraceutical opportunities proceeding toward revenue in 2024.

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