Flexible Solutions International (US:FSI) Globenewswireยท2025-07-16 21:00Core Viewpoint - Flexible Solutions International, Inc. reported a revenue increase in Q2 2025, driven by a significant payment for food grade product development, despite facing challenges from historical customers due to economic conditions and inventory reductions [2][3]. Financial Performance - Q2 2025 revenue reached $11.212 million, up from $10.529 million in Q2 2024, marking an approximate 6.5% year-over-year increase [2]. - The CEO noted that a $2.5 million payment for food grade product development positively impacted Q2 revenue [3]. Business Strategy - The company is shifting focus towards food grade operations in response to volatility in its base business [3]. - The CEO expressed optimism for growth in the second half of 2025, contingent on economic conditions not deteriorating further [3]. Company Overview - Flexible Solutions International specializes in biodegradable polymers for various applications, including oil extraction, detergents, and water treatment [1][4]. - The company has expanded into the food and nutrition supplement manufacturing markets, having obtained FDA food grade approval for its Peru IL plant in 2022 [4].