FSI ANNOUNCES FOURTH QUARTER AND FULL YEAR 2024 REVENUE
January 14 2025 - 8:00AM
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
Solutions also manufactures biodegradable and environmentally safe
water and energy conservation technologies. FSI is also increasing
its presense in the food and nutrition supplement manufacturing
markets. Today the Company announces fourth quarter (Q4) and full
year, 2024 revenue.
Sales were slightly lower in Q4, 2024 compared
to Q4, 2023. Flexible Solutions’ top line revenue decreased from
$9.43million (Q4, 2023) to $9.15million (Q4, 2024), down
approximately 3% year over year. Full year revenue decreased from
$38.3 million in 2022 to $38.2million in 2023, a full year decrease
of 0%.
Mr. Dan O’Brien, CEO, comments, “Q4 saw some
weakness in the international agriculture market that we expect
will improve in 2025.”
Complete financial results will be available
after market close on March 31, 2025 concurrent with the Company’s
SEC full year filings. A conference call will be
scheduled for 8:00 am Pacific Time, 11:00 am Eastern Standard Time,
the following business day, Monday, April 1, 2025. See the
FSI March 31, 2025 financials news release for the dial in
numbers.
About Flexible Solutions
International
Flexible Solutions International, Inc.
(www.flexiblesolutions.com), based in Victoria, British Columbia,
is an environmental technology company. The Company’s NanoChem
Solutions Inc. subsidiary specializes in biodegradable,
water-soluble products utilizing thermal polyaspartate (TPA)
biopolymers. TPA beta-proteins are manufactured from the common
biological amino acid, L-aspartic and have wide usage including
scale inhibitors, detergent ingredients, water treatment and crop
enhancement. Along with TPA, this division started producing other
crop enhancement products as well. The other divisions manufacture
energy and water conservation products for drinking water,
agriculture, industrial markets and swimming pools throughout the
world. FSI is the developer and manufacturer of WaterSavr™, the
world’s first commercially viable water evaporation retardant.
WaterSavr™ reduces evaporation by up to 30% on reservoirs, lakes,
aqueducts, irrigation canals, ponds and slow moving rivers.
Heatsavr™, a “liquid blanket” evaporation retardant for the
commercial swimming pool and spa markets, reduces energy costs by
15% to 40% and can result in reduced indoor pool humidity.
Safe Harbor Provision
The Private Securities Litigation Reform Act of
1995 provides a "Safe Harbor" for forward-looking statements.
Certain of the statements contained herein, which are not
historical facts, are forward looking statement with respect to
events, the occurrence of which involve risks and uncertainties.
These forward-looking statements may be impacted, either positively
or negatively, by various factors. Information concerning potential
factors that could affect the company is detailed from time to time
in the company's reports filed with the Securities and Exchange
Commission.
Flexible Solutions
International6001 54th
Ave, Taber, Alberta, CANADA T1G 1X4Company
Contacts
Jason BloomToll Free: 800.661.3560Fax:
403.223.2905Email: info@flexiblesolutions.com
To find out more information about Flexible
Solutions and our products please visit
www.flexiblesolutions.com
If you have received this news release by
mistake or if you would like to be removed from our update list
please reply to: info@flexiblesolutions.com
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