earnings
confidence high
sentiment positive
materiality 0.70
Flexible Solutions Q2 net income up 59% to $1.29M; revenue +2% to $10.53M
FLEXIBLE SOLUTIONS INTERNATIONAL INC
2024-Q2 EPS reported
$0.14
revenue$19,753,611
- Q2 net income $1,289,796 ($0.10/sh) vs $809,865 ($0.07/sh) in prior year, up 59%.
- Q2 revenue $10,528,739, up 2% from $10,331,291.
- Six-month operating cash flow (non-GAAP) $3,853,907, up from $3,220,674 (20% increase).
- CEO cites solid improvement; expects new revenue from Food/Nutrition division in current quarter.
- NanoChem division and ENP subsidiary remain dominant revenue and cash flow sources.