FSI ANNOUNCES RECORD Q4 AND FULL YEAR 2022 REVENUE
12 Janvier 2023 - 3:00PM
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. Today the Company
announces a year over year increase in revenue for both fourth
quarter (Q4) and full year, 2022.
Sales were significantly higher in Q4, 2022
compared to Q4, 2021. Flexible Solutions’ top line revenue
increased from $9.04 million (Q4, 2021) to $12.1 million (Q4,
2022), up approximately 34% year over year. FSI experienced growth
across all quarters of 2022 and in all market segments. Full year
revenue increased from $34.4 million in 2021 to $45.7 million in
2022, a full year increase of 33%.
Mr. Dan O’Brien, CEO, comments, “This level of
growth, sustained over an entire year, can only happen when every
person in the Company does their best. I’m proud of what we have
achieved together.”
Complete financial results will be available on
March 31, 2023 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 3, 2023. See the FSI March
31, 2023 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 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
Flexible Solutions (AMEX:FSI)
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