See more : AMCI Acquisition Corp. II (AMCIU) 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.
You may be interested
- Oculis Holding AG (OCS) Income Statement Analysis – Financial Results
- Rio Tinto Group (RIOP.SW) Income Statement Analysis – Financial Results
- NCL Industries Limited (NCLIND.NS) Income Statement Analysis – Financial Results
- Strathmore Plus Uranium Corp. (SUUFF) Income Statement Analysis – Financial Results
- Tulikivi Corporation (TULAV.HE) Income Statement Analysis – Financial Results
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 |
FSI Announces First Quarter, 2021 Financial Results
A Conference call is scheduled for Monday May, 17th, 11:00am Eastern time, 8:00am Pacific Time See dial in numbers below VICTORIA, BC / ACCESSWIRE / May 14, 2021 / FLEXIBLE SOLUTIONS INTERNATIONAL, INC. (NYSE American:FSI)(FRANKFURT:FXT), is the developer and manufacturer...
FSI Announces First Quarter, 2021 Revenue
VICTORIA, BC / ACCESSWIRE / April 20, 2021 / FLEXIBLE SOLUTIONS INTERNATIONAL, INC. (NYSE American:FSI)(FRANKFURT:FXT), is the developer and manufacturer of biodegradable polymers for oil extraction, detergent ingredients and water treatment as well as crop nutrient availability chemistry.
Flexible Solutions International: Green Chemistry To Green Profits
FSI focuses on a small number of biodegradable specialty chemical products that offer environmentally friendly solutions to solve problems while saving customers time and money. FSI is partnering with Lygos to develop a fully bio-derived aspartic acid to replace their...
FSI Announces Full Year, 2020 Financial Results: Net Profit Up 50%
A Conference call is scheduled for Thursday April 1st, 2021, 11:00am Eastern time, 8:00am Pacific Time See dial in number and explanation below VICTORIA, BC / ACCESSWIRE / March 31, 2021 / FLEXIBLE SOLUTIONS INTERNATIONAL, INC. (NYSE Amex:FSI)(FRANKFURT:FXT), is the...
Flexible Solutions International Inc. (FSI) to Report Q4 Results: Wall Street Expects Earnings Growth
Flexible Solutions International Inc. (FSI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
5 Specialty Chemical Stocks to Scoop Up on Demand Revival
An upturn in demand across major end-markets such as construction and automotive instills optimism in the specialty chemical space. DQ, ESI, CE, FSI and FOE are worth betting on right now.
Flexible Solutions International: Specialty Chemicals At An Especially Good Value
Flexible Solutions International's stock price reflects none of the increases in revenue or shareholders' equity in the last 18 years.
Flexible Solutions International, Inc. (FSI) CEO Daniel O'Brien on Q3 2020 Results - Earnings Call Transcript
Flexible Solutions International, Inc. (FSI) CEO Daniel O'Brien on Q3 2020 Results - Earnings Call Transcript
Flexible Solutions International Inc. (FSI) CEO Dan O'Brien on Q2 2020 Results - Earnings Call Transcript
Flexible Solutions International Inc. (NYSEMKT:FSI) Q2 2020 Earnings Conference Call August 17, 2020 11:00 AM ET Company Participants Dan O'Brien - Chief Executive Officer Conference Call Participants Presentation Operator Good day, and welcome to the Flexible Solutions International Second Quarter...
The R.I.P. Portfolio's Q2 2020 Update
This real-money portfolio was first introduced to the Seeking Alpha community in December 2015. The portfolio underperformed its benchmark in Q2 2020 and it is lagging the S&P 500's performance since late 2015.
Source: https://incomestatements.info
Category: Stock Reports