FSI Announces Top Line Revenue for Fourth Quarter, 2021
January 13 2022 - 4:30PM
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 also manufactures biodegradable and
environmentally safe water and energy conservation technologies.
Today the Company announces a year over year Increase in revenues
for fourth quarter (Q4), 2021.
Sales were higher in Q4, 2021 than in Q4, 2020.
Flexible Solutions’ top line revenue increased from $7.16million
(Q4, 2020) to $8.82million (Q4, 2021), up approximately 23% year
over year.
CEO, Dan O’Brien comments, “Fourth quarter and
full year revenue are up again. This year Flexible Solutions had to
contend with material shortages and shipping problems as well as
covid. We had a very good year considering the headwinds.”
Complete financial results will be available
after market close on March 31, 2022, concurrent with the Company’s
SEC fourth quarter filings. A conference call will be scheduled for
8:00 am Pacific Time, 11:00 am Eastern Standard Time, Friday, April
1, 2022. See the FSI March
31,
2022 financials
news release for the dial in numbers.
About Flexible Solutions
International Flexible Solutions International, Inc.
(www.flexiblesolutions.com), based in Taber, Alberta, 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 produces other crop enhancement products.
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 WaterSavrTM, the world’s first commercially viable water
evaporation retardant. WaterSavrTM reduces evaporation by up to 30%
on reservoirs, lakes, aqueducts, irrigation canals, ponds and slow
moving rivers. HeatsavrTM, 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 1X4
Company ContactsJason BloomToll Free: 800.661.3560Fax: 403 223
2905Email: info@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
To find out more information about Flexible Solutions and our
products please visit
www.flexiblesolutions.com
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