Recent 8-K filings for FSI
Highest-materiality recent filing
FSI merges with Lygos in all-stock deal; Lygos holders to own 66.7% of combined company
- All-stock merger: Lygos stockholders receive FSI shares; expected to own ~66.7% of combined company.
- Lygos secured $160M in 5.5% convertible notes to fund integration and working capital.
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FSI Q2 2026 net loss $1.91M vs $2.03M profit; sales down 14% YoY
Q2 2026 sales $7.61M, down 14% from $8.87M a year ago.
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Flexible Solutions enters $18.5M ATM equity offering with Bancroft Capital
Company entered ATM Sales Agreement with Bancroft Capital to sell up to $18.5M of common stock.
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Flexible Solutions replaces auditor Assure CPA with Sadler Gibb after merger
Auditor Assure CPA resigned after merging into Sadler Gibb & Associates; no disagreements or reportable events in prior audits.
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Flexible Solutions Q1 revenue up 11% to $8.3M; net loss narrows to ($241K) from ($278K)
Revenue $8.30M vs $7.47M YoY, +11%; net loss ($241K) vs ($278K) YoY, EPS ($0.02) per share unchanged.
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Flexible Solutions FY 2025 net income falls 74% to $0.06 EPS; revenue flat at $38.5M
FY 2025 revenue $38.5M, essentially flat vs $38.2M in 2024.
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All six director nominees elected with 4,485,154 votes for, zero against or abstain.
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FSI Q3 2025 net loss $503k ($0.04) vs prior year profit $612k; revenue +13%
Q3 2025 revenue $10.6M (+13% YoY); net loss $503k ($0.04/sh) vs net income $612k ($0.05/sh) in Q3 2024.
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FSI signs 5-year food grade contract for Illinois plant; estimated $6.5M-$13M annual revenue
Contract with undisclosed customer effective August 7, 2025, initial 5-year term with auto-renewal.
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FSI Q2 net income $2.0M ($0.16/share) vs $1.3M ($0.10) YoY; revenue up 8% to $11.4M
Sales $11,367,132, up ~8% from $10,528,739 in Q2 2024.
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Estimated annual revenue from the contract: $6.5 million to $13 million, with immediate production start.
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Flexible Solutions Q1 2025 revenue down 19% YoY; net loss of $0.02 per share
Revenue $7.47M vs $9.22M in Q1 2024, a 19% decline.
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Flexible Solutions declares $0.10 special dividend payable May 28
Special dividend of $0.10 per share announced on May 7, 2025.
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FSI reports 2024 net income of $3.0M ($0.24/shr), up from 2023; cash flow up 54%
Revenue $38.23M, flat vs $38.32M in 2023.
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FSI signs 5-yr manufacturing contract; expects $15M-$30M annual revenue
Non-exclusive food-grade manufacturing agreement with an undisclosed U.S. counterparty.
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Flexible Solutions shareholders elect all six directors and ratify proposals at annual meeting
All six director nominees elected: Daniel B. O'Brien, John H. Bientjes, Robert Helina, Thomas Fyles, Ben Seaman, David Fynn.
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Flexible Solutions International's auditor Smythe LLP resigns; new auditor Assure CPA engaged
Smythe LLP resigned as independent auditor on Nov 14, 2024, due to its decision to stop auditing public companies.
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FSI reports Q3 net income of $0.05/sh vs loss; revenue up 7% YoY to $9.31M
Q3 revenue $9,314,937, up ~7% YoY; net income $611,858 ($0.05/sh) vs net loss of ($718,161) in Q3 2023.
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FSI sells Florida LLC units for $6M, generating $2.5M gain over original $3.5M cost
Sale terms: $2M cash at closing plus $800k/yr for 5 years; total proceeds $6M.
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Flexible Solutions Q2 net income up 59% to $1.29M; revenue +2% to $10.53M
Q2 net income $1,289,796 ($0.10/sh) vs $809,865 ($0.07/sh) in prior year, up 59%.
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Flexible Solutions Q1 sales $9.22M, net income $457K, down 48% YoY
Sales $9,224,872, down 6% YoY from $9,847,517; EPS $0.04 vs $0.07.
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FSI reports Q1 2024 revenue of $9.224M, down 6% YoY; declares $0.10 special dividend
Revenue $9.224M vs $9.848M in Q1 2023, down ~6% year over year.
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FSI reports FY2023 revenue $38.3M (-16% YoY), EPS $0.22 vs $0.57
Full year 2023 revenue $38,324,806, down ~16% from $45,840,469 in 2022.
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Daniel B. O'Brien, John H. Bientjes, Robert Helina, Thomas Fyles, Ben Seaman, and David Fynn each received 4,502,263 votes for director, no against or abstain.
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Flexible Solutions Q3 net loss of $718K; sales down 25% YoY to $8.7M
Q3 2023 sales $8,720,621, down ~25% from $11,685,107 in Q3 2022.
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FSI reports Q2 2023 net income down 51% YoY; CEO expects full-year revenue flat to down
Q2 2023 revenue $10.33M (-7% YoY); net income $809,865 ($0.07 EPS) vs $1.66M ($0.13 EPS) in Q2 2022.
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FSI Q1 2023 net income falls to $0.07/share; sales down 9% YoY
Q1 sales $9.85M, down 9% from $10.78M in Q1 2022.
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Flexible Solutions FY 2022 revenue up 33% to $45.8M; net income $7.0M, $0.57 EPS
Revenue $45,840,469 (+33% YoY) driven by NanoChem division and ENP subsidiary.
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Flexible Solutions annual meeting: all director nominees and proposals pass unanimously
Six director nominees elected with 5,803,056 votes each.
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FSI reports record Q3 revenue $11.7M (+27% YoY); nine-month EPS $0.35 vs $0.31
Q3 revenue $11,685,107 (+27% YoY); net profit $1,108,131 ($0.09/shr), flat vs Q3 2021.
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FSI and Lygos mutually terminate merger agreement effective September 30, 2022
FSI and Lygos terminated the Merger Agreement, effective September 30, 2022, on mutual terms.
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FSI Q2 revenue $11.2M (+31% YoY), net income $1.66M ($0.13 EPS) up 41%
Q2 sales $11,165,143 vs $8,535,451 YoY; net profit $1,662,454 ($0.13 EPS) vs $1,176,761 ($0.10 EPS).
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FSI files S-4 for merger with Lygos; all-stock deal follows $160M Lygos funding
Flexible Solutions (FSI) filed Form S-4 registration statement with SEC for proposed all-stock merger with Lygos.
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FSI Q1 sales $10.8M (+41%); net profit $1.53M ($0.12/sh) flat EPS YoY
Sales of $10,783,280 in Q1 2022 vs $7,624,607 in Q1 2021, a 41% increase.
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FSI merges with Lygos in all-stock deal; Lygos holders to own 66.7% of combined company
All-stock merger: Lygos stockholders receive FSI shares; expected to own ~66.7% of combined company.
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FSI and Lygos propose merger; investor presentation dated April 18, 2022
FSI and Lygos, Inc. have proposed a merger; an investor presentation will be used to discuss the transaction.
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FSI and Lygos announce proposed merger; road show transcript filed
FSI and Lygos have agreed to merge; road show to investors began April 18, 2022.
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Flexible Solutions adopts new bylaws; no specifics disclosed
Board adopted new bylaws on April 10, 2022.
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FSI FY2021 revenue $34.4M (+10%), net income $3.45M (+16%), EPS $0.28
Sales $34,416,335 (+10% YoY); net profit $3,449,162 ($0.28 EPS) vs $2,977,050 ($0.24) in 2020.
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Flexible Solutions annual meeting re-elects all six directors; all proposals pass unanimously
All six director nominees received 5,895,561 votes 'for'; zero against or abstain.
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Flexible Solutions Q3 revenue up 14% to $9.2M; EPS $0.09 vs $0.05 YoY
Q3 2021 sales $9,214,467 (+14% YoY); net profit $1,162,624 ($0.09/share) vs $582,369 ($0.05/share) in Q3 2020.
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Flexible Solutions Q2 revenue up 11% to $8.54M; net profit $1.18M ($0.10 EPS)
Q2 2021 sales $8,535,451 vs $7,709,607 YoY; net profit $1,176,761 ($0.10/share) vs $1,132,867 ($0.09/share) YoY.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.90 · Median 0.65 · Most common event earnings