See more : Bravatek Solutions, Inc. (BVTK) Income Statement Analysis – Financial Results
Complete financial analysis of Flexpoint Sensor Systems, Inc. (FLXT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Flexpoint Sensor Systems, Inc., a leading company in the Hardware, Equipment & Parts industry within the Technology sector.
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Flexpoint Sensor Systems, Inc. (FLXT)
About Flexpoint Sensor Systems, Inc.
Flexpoint Sensor Systems, Inc. designs, engineers, manufactures, and sells bend sensor technology and products using its patented Bend Sensor flexible potentiometer technology. The company's Bend Sensor technology is a flexible potentiometer bend sensor product consisting of a coated substrate, such as plastic that changes electrical conductivity as it is bent in a consistent manner. It provides automotive products, including braking systems and emergency vehicles. The company also offers products for use medical devices, such as disposable colonoscopes and other medical devices; flow control and shoes applications; and other applications that include industrial control systems, medical equipment and instrumentation, computer peripherals, automotive transmission equipment, commercial vending equipment, and other devices. It sells its products to original equipment manufacturers, manufacturers, or distributors worldwide. The company was formerly known as Micropoint, Inc. and changed its name to Flexpoint Sensor Systems, Inc. in July 1999. Flexpoint Sensor Systems, Inc. was incorporated in 1992 and is based in West Jordan, Utah.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 105.69K | 151.16K | 210.25K | 99.44K | 833.04K | 267.77K | 340.60K | 314.49K | 138.35K | 270.28K | 100.75K | 47.55K | 72.38K | 96.11K | 62.47K | 175.86K | 31.50K | 101.78K | 12.60K | 345.43K | 30.22K | 63.52K | 15.80K | 350.00K | 773.23K | 1.92M | 260.00K | 870.00K | 0.00 |
| Cost of Revenue | 33.53K | 36.26K | 31.40K | 35.47K | 63.48K | 37.26K | 41.38K | 23.06K | 6.71K | 8.96K | 19.51K | 8.28K | 12.84K | 15.27K | 11.84K | 13.53K | 11.09K | 7.95K | 7.69K | 86.61K | 1.88K | 6.75K | 43.05K | 120.00K | 356.68K | 819.93K | 90.00K | 470.00K | 0.00 |
| Gross Profit | 72.16K | 114.90K | 178.85K | 63.97K | 769.55K | 230.51K | 299.22K | 291.44K | 131.64K | 261.33K | 81.25K | 39.27K | 59.54K | 80.84K | 50.62K | 162.33K | 20.40K | 93.83K | 4.90K | 258.83K | 28.34K | 56.77K | -27.26K | 230.00K | 416.55K | 1.10M | 170.00K | 400.00K | 0.00 |
| Gross Profit Ratio | 68.28% | 76.01% | 85.07% | 64.33% | 92.38% | 86.09% | 87.85% | 92.67% | 95.15% | 96.69% | 80.64% | 82.58% | 82.26% | 84.11% | 81.04% | 92.30% | 64.78% | 92.19% | 38.93% | 74.93% | 93.77% | 89.37% | -172.55% | 65.71% | 53.87% | 57.20% | 65.38% | 45.98% | 0.00% |
| Research & Development | 223.51K | 223.23K | 262.98K | 283.47K | 271.38K | 312.19K | 319.76K | 318.45K | 279.14K | 273.19K | 237.64K | 253.92K | 267.00K | 328.36K | 446.29K | 500.09K | 484.99K | 491.55K | 479.42K | 0.00 | 0.00 | 0.00 | 0.00 | 2.12M | 3.34M | 1.38M | 590.00K | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 896.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 4.24M | 0.00 | 0.00 | 1.06M | 1.81M | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -1.06M | -1.81M | 0.00 |
| SG&A | 519.11K | 620.92K | 629.14K | 576.30K | 538.96K | 646.70K | 735.27K | 878.58K | 896.00K | 697.50K | 681.80K | 845.84K | 1.02M | 939.01K | 970.49K | 1.28M | 1.57M | 2.01M | 1.22M | 3.18M | 112.86K | 333.26K | 1.22M | 4.24M | 3.92M | 1.95M | 509.00 | 188.00 | 2.13K |
| Other Expenses | 0.00 | 1.20K | 100.00 | 0.00 | 16.29K | 32.01K | 49.71K | 82.93K | 101.39K | 104.22K | 107.02K | 104.24K | 107.63K | 109.87K | 126.99K | 137.02K | 152.97K | 152.97K | 128.11K | 96.08K | 0.00 | -20.29K | -51.21K | 2.36M | 0.00 | 0.00 | -589.94K | 36.00 | 51.00 |
| Operating Expenses | 742.61K | 844.15K | 892.12K | 859.77K | 826.62K | 990.90K | 1.10M | 1.28M | 1.28M | 1.07M | 1.03M | 1.20M | 1.39M | 1.38M | 1.54M | 1.91M | 2.20M | 2.65M | 1.83M | 3.28M | 112.86K | 312.97K | 1.17M | 8.72M | 7.26M | 3.34M | 565.00 | 224.00 | 2.18K |
| Cost & Expenses | 776.14K | 880.41K | 923.52K | 895.24K | 890.11K | 1.03M | 1.15M | 1.30M | 1.28M | 1.08M | 1.05M | 1.21M | 1.40M | 1.39M | 1.56M | 1.93M | 2.22M | 2.66M | 1.83M | 3.36M | 114.74K | 319.72K | 1.21M | 8.84M | 7.61M | 4.16M | 565.00 | 224.00 | 2.18K |
| Interest Income | 0.00 | 76.78K | 3.00 | 284.00 | 2.09K | 47.00 | 47.00 | 47.00 | 6.40K | 4.37K | 64.00 | 54.00 | 30.00 | 65.00 | 325.00 | 9.69K | 21.83K | 40.33K | 59.54K | 0.00 | 0.00 | 0.00 | 2.54K | 0.00 | 0.00 | 22.18K | 0.00 | 0.00 | 0.00 |
| Interest Expense | 116.29K | 76.78K | 96.98K | 255.19K | 283.98K | 316.98K | 332.62K | 1.07M | 1.59M | 175.40K | 149.35K | 47.99K | 33.81K | 516.54K | 190.10K | 13.29K | 0.00 | 0.00 | 7.23K | 1.57M | 29.73K | 0.00 | 0.00 | -6.78M | 0.00 | 17.16K | -40.00K | -20.00K | 0.00 |
| Depreciation & Amortization | 7.69K | 19.01K | 1.45K | 2.24K | 18.52K | 34.25K | 51.95K | 83.31K | 101.39K | 163.60K | 183.28K | 180.49K | 216.41K | 228.34K | 248.12K | 274.85K | 318.53K | 317.25K | 309.91K | 1.72M | 2.70K | 19.84K | 81.63K | 610.00K | 497.68K | 227.23K | 56.00 | 56.00 | 56.00 |
| EBITDA | -660.97K | -728.05K | -589.27K | -349.64K | -272.56K | -554.87K | -699.07K | -941.49K | -1.05M | -640.32K | -627.82K | -821.92K | -1.37M | -1.09M | -1.25M | -1.71M | -2.14M | -2.20M | -1.51M | -1.30M | -81.82K | -236.36K | -1.11M | -21.48M | -8.10M | -2.01M | -509.00 | -168.00 | -2.13K |
| EBITDA Ratio | -625.40% | -469.08% | -338.51% | -797.76% | -4.38% | -271.17% | -221.23% | -287.82% | -749.64% | -238.86% | -756.17% | -2,069.98% | -1,195.53% | -1,086.07% | -1,980.68% | -698.85% | -4,985.72% | -2,204.44% | -12,006.34% | -398.16% | -270.75% | -294.83% | -4,484.43% | -6,137.14% | -804.54% | -105.71% | -0.20% | -0.02% | 0.00% |
| Operating Income | -670.45K | -729.25K | -713.27K | -795.80K | -57.07K | -760.39K | -805.52K | -988.52K | -1.14M | -813.58K | -945.22K | -1.42M | -1.08M | -1.27M | -1.49M | -1.50M | -2.18M | -2.56M | -1.82M | -3.11M | -84.52K | -276.49K | -1.25M | -22.09M | -6.84M | -2.24M | -565.00 | -224.00 | -2.18K |
| Operating Income Ratio | -634.38% | -482.45% | -339.25% | -800.30% | -6.85% | -283.97% | -236.50% | -314.32% | -827.55% | -301.01% | -938.14% | -2,988.74% | -1,494.53% | -1,323.66% | -2,377.89% | -855.14% | -6,936.16% | -2,512.31% | -14,467.81% | -901.26% | -279.69% | -435.25% | -7,887.13% | -6,311.43% | -884.46% | -116.92% | -0.22% | -0.03% | 0.00% |
| Total Other Income/Expenses | -114.49K | -75.58K | 25.57K | 188.74K | -517.99K | -145.71K | -278.12K | -1.10M | -1.60M | -165.74K | -15.24K | 114.34K | -284.31K | -540.73K | -197.57K | -250.36K | -273.93K | 44.22K | 52.20K | -1.49M | 0.00 | -28.79K | -404.62K | 6.73M | -120.31K | 12.49K | -1.54M | -1.42M | 0.00 |
| Income Before Tax | -784.94K | -804.83K | -687.70K | -607.07K | -575.06K | -906.09K | -1.08M | -2.09M | -2.58M | -979.32K | -960.46K | -1.05M | -1.33M | -1.30M | -1.49M | -1.75M | -2.48M | -2.55M | -1.82M | -2.94M | 0.00 | -305.28K | -1.65M | -15.36M | -6.96M | -2.23M | -1.54M | -1.42M | 0.00 |
| Income Before Tax Ratio | -742.71% | -532.45% | -327.09% | -610.50% | -69.03% | -338.39% | -318.15% | -665.57% | -1,866.34% | -362.33% | -953.27% | -2,209.23% | -1,840.67% | -1,348.89% | -2,390.38% | -995.46% | -7,875.22% | -2,508.49% | -14,468.70% | -851.66% | 0.00% | -480.58% | -10,448.83% | -4,388.57% | -900.02% | -116.27% | -592.31% | -163.22% | 0.00% |
| Income Tax Expense | 0.00 | 75.58K | 97.08K | 255.19K | 283.98K | -171.23K | -54.45K | 36.32K | -148.46K | -5.29K | -134.05K | -162.27K | 501.04K | 48.44K | 15.28K | 483.84K | 569.68K | -48.11K | -59.32K | -150.54K | 29.73K | 118.45K | 657.91K | -6.78M | 2.08M | -47.16K | 40.00K | 20.00K | 0.00 |
| Net Income | -784.94K | -880.41K | -784.79K | -862.25K | -859.03K | -906.09K | -1.08M | -2.09M | -2.58M | -979.32K | -960.46K | -1.05M | -1.62M | -1.84M | -1.69M | -2.00M | -2.46M | -2.51M | -1.77M | -4.51M | -114.25K | -325.57K | -1.45M | -8.58M | -8.80M | -2.22M | -565.00 | -224.00 | -2.18K |
| Net Income Ratio | -742.71% | -582.45% | -373.26% | -867.12% | -103.12% | -338.39% | -318.15% | -665.57% | -1,866.34% | -362.33% | -953.27% | -2,209.23% | -2,233.49% | -1,911.50% | -2,706.67% | -1,137.83% | -7,805.90% | -2,468.87% | -14,053.35% | -1,305.82% | -378.07% | -512.52% | -9,166.51% | -2,451.43% | -1,137.71% | -116.01% | -0.22% | -0.03% | 0.00% |
| EPS | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.03 | -0.04 | -0.02 | -0.02 | -0.03 | -0.04 | -0.07 | -0.07 | -0.08 | -0.10 | -0.11 | -0.08 | -0.24 | -0.01 | -0.03 | -0.13 | -1.88 | -3.22 | -1.09 | -0.01 | 0.00 | -0.04 |
| EPS Diluted | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.01 | -0.03 | -0.04 | -0.02 | -0.02 | -0.03 | -0.04 | -0.07 | -0.07 | -0.08 | -0.10 | -0.11 | -0.08 | -0.24 | -0.01 | -0.03 | -0.13 | -1.88 | -3.22 | -1.09 | -0.01 | 0.00 | -0.04 |
| Weighted Avg Shares Out | 125.56M | 123.29M | 113.59M | 99.71M | 96.95M | 92.86M | 80.55M | 72.40M | 60.34M | 53.38M | 48.23M | 39.77M | 36.12M | 28.19M | 24.92M | 24.79M | 24.00M | 23.15M | 22.60M | 18.50M | 10.93M | 10.93M | 10.76M | 4.57M | 2.73M | 2.04M | 60.66K | 60.66K | 60.66K |
| Weighted Avg Shares Out (Dil) | 125.56M | 123.29M | 113.59M | 99.71M | 96.95M | 92.86M | 80.55M | 72.40M | 60.34M | 53.38M | 48.23M | 39.77M | 36.12M | 28.19M | 24.92M | 24.79M | 24.00M | 23.15M | 22.60M | 18.50M | 10.93M | 10.93M | 10.76M | 4.57M | 2.73M | 2.04M | 60.66K | 60.66K | 60.66K |
Flexpoint Announces Additional Orders of Impact Detection Sensors to a Leading Manufacturer of Autonomous Vehicles
West Jordan, Utah--(Newsfile Corp. - October 30, 2023) - Flexpoint Sensor Systems, Inc. (OTC Pink: FLXT) is pleased to announce the delivery of sensors for an Impact Detection System to a leading manufacturer in the growing autonomous vehicle industry. As...
Flexpoint Provides Customized "Burst Detection Sensors"
(High Pressure Relief Protection Sensors provided to a Global Manufacturer) West Jordan, Utah--(Newsfile Corp. - September 20, 2023) - Flexpoint Sensor Systems, Inc. (OTC Pink: FLXT) announces the development and manufacture of its sensors in applications designed to protect hydraulic...
Flexpoint Announces Additional Glove Orders of its Patented Bend Sensor(R) to Top Virtual Reality Company and Medical Rehabilitation Leader
West Jordan, Utah--(Newsfile Corp. - September 14, 2023) - Flexpoint Sensor Systems, Inc. (OTC PINK: FLXT) is pleased to announce delivery of additional orders to Manus VR, a top virtual reality leader, and to innovative medical rehabilitative equipment leader Idrogenet/Gloreha....
Flexpoint Enters Into a Design and Manufacturing Agreement with a Fortune 50 Automotive Manufacturer
DRAPER, UT / ACCESSWIRE / September 8, 2021 / Flexpoint Sensor Systems, Inc. (OTC PINK:FLXT) is excited to announce that they have recently entered into a new agreement with a major automotive manufacturer for the design and production of parts...
Flexpoint Enters into an Agreement to Supply Its Technology to the Autonomous Vehicle Market
DRAPER, UT / ACCESSWIRE / August 25, 2021 / Flexpoint Sensor Systems, Inc. (OTC PINK:FLXT) is pleased to announce that the Company has entered into an agreement with a leading manufacturer of autonomous vehicles for the design and production of...
Flexpoint Sensor Systems, Inc. Expands Global Reseller Reach in Strategic Industries
DRAPER, UT / ACCESSWIRE / July 20, 2021 / Flexpoint Sensor Systems, Inc. (OTC PINK:FLXT) is pleased to announce the addition of key resellers and partners in the Pacific Rim. "These are companies Flexpoint has done business with in the...
Flexpoint Sensor Systems, Inc. Updates Progress on Automotive and VR Projects
DRAPER, UT / ACCESSWIRE / July 13, 2021 / Flexpoint Sensor Systems, Inc. (OTC PINK:FLXT) is pleased to provide an update on market developments as it relates to adoption of its' Bend Sensor® technology with various products. Clark Mower, Flexpoint...
Flexpoint Sensor Systems Receives Largest Purchase Orders Year to Date as the Virtual Reality Market Expected to Reach in Excess of $60 Billion by 2028
DRAPER, UT / ACCESSWIRE / May 26, 2021 / Flexpoint Sensor Systems, Inc. (OTC PINK:FLXT) is pleased to announce it has recently received its largest orders to date from global market virtual reality leaders, Manus VR and Neofect . Flexpoint's...
Flexpoint Sensor Systems Announces Strategic Alliance with DeAmertek Corporation to Provide a Production Ready State of the Art Occupant Classification System
DRAPER, UT / ACCESSWIRE / May 14, 2021 / Flexpoint Sensor Systems, Inc. (OTC PINK:FLXT) is pleased to announce that they have formalized a Joint Development and Supply Agreement between Flexpoint Sensor Systems, Inc,, and De Amertek Corporation. The companies...
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