FSI Announces First Quarter, 2022 Revenue
April 21 2022 - 09:00AM
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 first quarter (Q1), 2022.
Sales were higher in Q1, 2022 compared to Q1,
2021. Flexible Solutions’ top line revenue increased from $7.625
million (Q1, 2021) to $10.783million (Q1, 2022), up approximately
41% year over year.
Dan O’Brien, CEO, states, “Most of the increase
represents new business, however, increased prices are a small part
and in the 2021 period we had shipments ready that were delayed
into Q2.” Mr. O’Brien continues, “Q1 2022 did not pull significant
revenue from either Q4 2021 or Q2 2022 so we expect the next
quarter to be strong too.”
Complete financial results will be available on
May 16, 2022 concurrent with the Company’s SEC quarterly filings. A
conference call will be scheduled
for 8:00 am Pacific Time, 11:00 am Eastern Standard Time, Tuesday,
May 17. See the FSI
May
16,
2022
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 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 Bloom Toll Free: 800.661.3560 Fax:
250.477.9912 Email: 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.comTo find out more
information about Flexible Solutions and our products please visit
www.flexiblesolutions.com
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