secwatch.observer — SEC 8-K summary
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Issuer:     FLEXIBLE SOLUTIONS INTERNATIONAL INC (FSI)
CIK:        0001069394
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0001493152-24-020223
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1069394/000149315224020223/0001493152-24-020223-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1069394/000149315224020223/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-020223

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