See more : BioTech Medics, Inc. (BMCS) Income Statement Analysis – Financial Results
Complete financial analysis of Flexible Solutions International, Inc. (FSI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Flexible Solutions International, Inc., a leading company in the Chemicals – Specialty industry within the Basic Materials sector.
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Flexible Solutions International, Inc. (FSI)
About Flexible Solutions International, Inc.
Flexible Solutions International, Inc., together with its subsidiaries, develops, manufactures, and markets specialty chemicals that slow the evaporation of water in Canada, the United States, and internationally. The company operates in two segments, Energy and Water Conservation Products, and Biodegradable Polymers. The company offers thermal polyaspartates (TPAs) for oilfields to reduce scale and corrosion in various water systems; and for the agricultural industry to reduce fertilizer crystallization before, during, and after application, as well as to prevent crystal formation between fertilizer and minerals present in the soil. It also provides TPAs for irrigation to prevent early plugging of drip irrigation ports, reduce maintenance costs, and lengthen the life of equipment; and TPAs as additives for household laundry detergents, consumer care products, and pesticides. In addition, the company offers nitrogen conservation products for agriculture that slow down nitrogen loss from fields. Further, it provides HEATSAVR, a chemical product for use in swimming pools and spas that forms a thin and transparent layer on the water's surface; and WATERSAVR to reduce water evaporation in reservoirs, potable water storage tanks, livestock watering ponds, aqueducts, canals, and irrigation ditches, as well as for lawn and turf care, and potted and bedding plants. Flexible Solutions International, Inc. is headquartered in Taber, Canada.
| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 38.32M | 45.84M | 34.42M | 31.41M | 27.44M | 17.83M | 15.49M | 16.25M | 15.90M | 15.91M | 15.80M | 16.40M | 15.52M | 11.49M | 9.78M | 10.76M | 7.43M | 8.37M | 6.71M | 3.39M | 2.32M | 1.11M | 1.33M | 1.03M | 759.22K |
| Cost of Revenue | 27.99M | 31.97M | 23.02M | 21.64M | 18.82M | 12.19M | 9.51M | 9.26M | 9.70M | 10.77M | 11.27M | 11.13M | 9.66M | 7.02M | 6.50M | 6.72M | 4.80M | 5.40M | 3.99M | 1.33M | 1.36M | 581.42K | 662.81K | 509.93K | 413.85K |
| Gross Profit | 10.34M | 13.87M | 11.40M | 9.77M | 8.62M | 5.64M | 5.99M | 6.99M | 6.20M | 5.14M | 4.53M | 5.27M | 5.86M | 4.47M | 3.28M | 4.04M | 2.63M | 2.97M | 2.72M | 2.06M | 958.06K | 530.77K | 671.47K | 519.72K | 345.37K |
| Gross Profit Ratio | 26.97% | 30.25% | 33.11% | 31.10% | 31.42% | 31.62% | 38.63% | 43.02% | 39.01% | 32.31% | 28.67% | 32.15% | 37.73% | 38.93% | 33.54% | 37.54% | 35.42% | 35.50% | 40.60% | 60.77% | 41.28% | 47.72% | 50.32% | 50.48% | 45.49% |
| Research & Development | 158.25K | 99.28K | 116.41K | 81.42K | 123.66K | 135.93K | 98.93K | 95.10K | 95.27K | 134.98K | 123.77K | 68.25K | 73.20K | 70.99K | 30.08K | 80.38K | 120.82K | 123.25K | 57.81K | 58.55K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 5.44M | 6.20M | 5.39M | 5.12M | 5.58M | 4.48M | 4.25M | 3.76M | 3.72M | 4.29M | 4.88M | 5.06M | 4.12M | 3.59M | 3.47M | 3.28M | 3.33M | 3.79M | 3.03M | 2.69M | 1.40M | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 194.31K | 182.61K | 172.19K | 197.20K | 159.69K | 68.49K | 18.26K | 21.20K | 34.45K | 36.05K | 25.05K | 63.88K | 244.84K | 225.33K | 145.33K | 222.05K | 63.13K | 45.22K | 95.09K | 97.95K | 63.87K | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 5.64M | 6.39M | 5.56M | 5.31M | 5.74M | 4.55M | 4.26M | 3.78M | 3.76M | 4.32M | 4.91M | 5.12M | 4.37M | 3.81M | 3.62M | 3.50M | 3.39M | 3.84M | 3.13M | 2.79M | 1.46M | 3.68M | 787.11K | 295.72K | 0.00 |
| Other Expenses | 1.54M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -51.35K | 2.74M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 13.97K | 116.78K | -36.50K | 0.00 | 0.00 | 685.77K | 388.07K | 37.71K | 24.68K | 18.91K | 13.49K | 175.21K |
| Operating Expenses | 7.34M | 6.48M | 5.68M | 5.39M | 5.87M | 4.68M | 4.36M | 3.87M | 3.85M | 4.46M | 5.03M | 5.19M | 4.44M | 3.90M | 3.76M | 3.55M | 3.52M | 3.96M | 3.87M | 3.23M | 1.50M | 3.70M | 806.02K | 309.20K | 175.21K |
| Cost & Expenses | 35.33M | 38.46M | 28.70M | 27.03M | 24.69M | 16.87M | 13.87M | 13.13M | 13.55M | 15.23M | 16.30M | 16.32M | 14.11M | 10.91M | 10.26M | 10.27M | 8.31M | 9.36M | 7.85M | 4.56M | 2.86M | 4.28M | 1.47M | 819.14K | 589.06K |
| Interest Income | 113.81K | 132.23K | 78.00K | 53.10K | 80.73K | 36.84K | 913.00 | 2.18K | 2.96K | 0.00 | 2.00K | 759.00 | 159.00 | 0.00 | 0.00 | 2.48K | 4.00K | 3.11K | 4.65K | 34.26K | 203.31K | 67.23K | 0.00 | 0.00 | 0.00 |
| Interest Expense | 498.67K | 292.95K | 199.93K | 260.66K | 428.37K | 93.65K | 44.13K | 41.70K | 55.77K | 94.89K | 109.20K | 128.41K | 95.75K | 77.22K | 66.07K | 18.70K | 10.61K | 3.14K | 64.28K | 68.38K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 1.74M | 1.33M | 1.23M | 1.18M | 620.26K | 342.56K | 286.62K | 540.08K | 578.34K | 789.73K | 1.30M | 1.26M | 330.42K | 356.80K | 402.12K | 447.83K | 588.93K | 597.17K | 685.77K | 388.07K | 37.71K | 24.68K | 18.91K | 13.49K | 12.76K |
| EBITDA | 5.86M | 9.48M | 8.08M | 6.64M | 3.36M | 1.43M | 2.01M | 3.79M | 3.05M | 1.68M | 686.33K | 1.35M | 1.73M | 934.11K | 724.00 | 939.69K | -386.50K | -691.14K | -459.46K | -782.86K | -502.42K | -3.15M | -115.64K | 224.00K | 182.92K |
| EBITDA Ratio | 15.29% | 20.02% | 20.41% | 18.28% | 12.59% | 7.49% | 12.32% | 22.52% | 18.44% | 9.25% | 5.05% | 8.19% | 11.24% | 8.13% | -0.81% | 8.74% | -4.50% | -1.05% | -7.27% | -21.53% | -121.35% | -282.90% | -8.73% | 19.88% | 24.09% |
| Operating Income | 3.00M | 7.05M | 5.48M | 4.12M | 2.84M | 1.31M | 1.51M | 3.09M | 2.35M | 660.78K | -894.36K | -34.07K | 1.31M | 500.10K | -547.46K | 470.68K | -883.18K | -988.13K | -1.15M | -1.17M | -540.13K | -3.17M | -134.55K | 210.51K | 170.16K |
| Operating Income Ratio | 7.83% | 15.38% | 15.93% | 13.11% | 10.33% | 7.33% | 9.75% | 18.99% | 14.78% | 4.15% | -5.66% | -0.21% | 8.43% | 4.35% | -5.60% | 4.38% | -11.88% | -11.80% | -17.07% | -34.51% | -23.27% | -285.12% | -10.08% | 20.45% | 22.41% |
| Total Other Income/Expenses | 623.46K | 808.71K | 1.17M | 1.07M | -521.18K | 1.75M | 1.91M | -6.05K | -42.29K | 0.00 | 172.88K | -115.74K | -105.00K | 0.00 | 80.00K | 2.48K | 19.56K | -303.32K | -31.53K | -86.62K | 2.52M | 67.23K | 863.00 | 19.34K | 0.00 |
| Income Before Tax | 3.62M | 7.86M | 6.65M | 5.19M | 2.31M | 3.05M | 3.42M | 3.08M | 2.31M | 660.78K | -721.48K | -31.09K | 1.31M | 500.10K | -467.46K | 473.17K | -849.49K | -1.29M | -1.18M | -1.26M | 1.98M | -3.10M | -133.69K | 229.86K | 170.16K |
| Income Before Tax Ratio | 9.45% | 17.14% | 19.32% | 16.53% | 8.44% | 17.13% | 22.08% | 18.95% | 14.52% | 4.15% | -4.57% | -0.19% | 8.43% | 4.35% | -4.78% | 4.40% | -11.43% | -15.42% | -17.54% | -37.06% | 85.19% | -279.08% | -10.02% | 22.32% | 22.41% |
| Income Tax Expense | -132.74K | 145.86K | 2.36M | 1.61M | 17.44K | 633.13K | 1.67M | 1.29M | 803.49K | 257.43K | -2.54M | 1.05M | 1.13M | 690.18K | 394.98K | 68.56K | -33.69K | -127.08K | 31.53K | 86.62K | -25.89K | -21.46K | 100.26K | 90.89K | 67.31K |
| Net Income | 2.78M | 7.02M | 3.45M | 2.98M | 1.91M | 2.49M | 1.75M | 1.79M | 1.50M | 403.35K | 1.82M | -1.08M | 182.99K | -190.08K | -743.44K | 404.61K | -849.49K | -1.16M | -1.18M | -1.26M | 2.00M | -3.08M | -233.96K | 138.97K | 102.85K |
| Net Income Ratio | 7.24% | 15.32% | 10.02% | 9.48% | 6.97% | 13.97% | 11.33% | 11.04% | 9.46% | 2.54% | 11.53% | -6.61% | 1.18% | -1.65% | -7.60% | 3.76% | -11.43% | -13.91% | -17.54% | -37.06% | 86.31% | -277.15% | -17.53% | 13.50% | 13.55% |
| EPS | 0.22 | 0.57 | 0.28 | 0.24 | 0.16 | 0.21 | 0.15 | 0.16 | 0.11 | 0.03 | 0.14 | -0.08 | 0.01 | -0.01 | -0.05 | 0.03 | -0.06 | -0.09 | -0.09 | -0.11 | 0.17 | -0.29 | -0.03 | 0.02 | 0.01 |
| EPS Diluted | 0.22 | 0.56 | 0.28 | 0.24 | 0.16 | 0.21 | 0.15 | 0.15 | 0.11 | 0.03 | 0.14 | -0.08 | 0.01 | -0.01 | -0.05 | 0.03 | -0.06 | -0.09 | -0.09 | -0.11 | 0.17 | -0.29 | -0.03 | 0.02 | 0.01 |
| Weighted Avg Shares Out | 12.43M | 12.38M | 12.32M | 12.24M | 11.95M | 11.63M | 11.49M | 11.46M | 13.17M | 13.17M | 13.17M | 13.17M | 13.27M | 13.96M | 14.02M | 14.06M | 13.82M | 12.99M | 12.54M | 11.83M | 11.73M | 10.56M | 9.25M | 9.13M | 9.13M |
| Weighted Avg Shares Out (Dil) | 12.49M | 12.47M | 12.51M | 12.30M | 12.09M | 11.82M | 11.73M | 11.64M | 13.31M | 13.17M | 13.17M | 13.17M | 13.48M | 13.96M | 14.02M | 14.06M | 13.82M | 12.99M | 12.54M | 11.83M | 14.33M | 10.56M | 9.25M | 9.13M | 9.13M |
Flexible Solutions Earnings Miss Estimates in Q3, Revenues Up Y/Y
FSI sees higher sales in Q3 on increased customer orders and expects a strong upside in profits for both existing and new businesses in 2025.
Flexible Solutions International, Inc. (FSI) Q3 2024 Earnings Call Transcript
Flexible Solutions International, Inc. (NYSE:FSI ) Q3 2024 Earnings Call Transcript November 15, 2024 11:00 AM ET Company Participants Dan O'Brien - CEO Conference Call Participants William Gregozeski - Greenridge Global Tim Clarkson - Van Clemens Operator Good day, everyone,...
FSI ANNOUNCES THIRD QUARTER, 2024 FINANCIAL RESULTS
A Conference call is scheduled for Friday November 15th, 2024, 11:00am Eastern Time See dial in number below VICTORIA, BRITISH COLUMBIA, Nov. 14, 2024 (GLOBE NEWSWIRE) -- FLEXIBLE SOLUTIONS INTERNATIONAL, INC. (NYSE Amex: FSI), is the developer and manufacturer of...
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VICTORIA, BRITISH COLUMBIA, Oct. 17, 2024 (GLOBE NEWSWIRE) -- FLEXIBLE SOLUTIONS INTERNATIONAL, INC. (NYSE- AMERICAN: FSI), is the developer and manufacturer of biodegradable polymers for oil extraction, detergent ingredients and water treatment as well as crop nutrient availability chemistry. Flexible...
Flexible Solutions Stock Hits New 52-Week High: What's Driving It?
FSI is poised for sustained growth in 2024 driven by opportunities in various sectors and strong performance in NanoChem and ENP.
Flexible Solutions Stock Surges 50% in 3 Months: Here's Why
FSI's share price rally is driven by strong Q2 results, upbeat prospects for NanoChem and ENP and expectations of continued robust performance.
Flexible Solutions (FSI) Scales 52-week High: What's Driving It?
Flexible Solutions (FSI) is set for growth through 2024, driven by a strong product pipeline and financial results that continue to surpass expectations.
Flexible Solutions (FSI) Q2 Earnings & Sales Top Estimates
Flexible Solutions' (FSI) Biodegradable Polymers sales rise in Q2 on higher customer orders.
Flexible Solutions International, Inc. (FSI) Q2 2024 Earnings Call Transcript
Flexible Solutions International, Inc. (NYSE:FSI ) Q2 2024 Earnings Conference Call August 15, 2024 11:00 AM ET Company Participants Daniel O'Brien - CEO and Director Conference Call Participants Tim Clarkson - Van Clemens William Gregozeski - Greenridge Global Operator Good...
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