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FSI ANNOUNCES SECOND QUARTER, 2025 REVENUE
Globenewswire· 2025-07-16 21:00
Core 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].
FSI ANNOUNCES TEN CENT SPECIAL DIVIDEND
Globenewswire· 2025-05-07 23:00
Company Overview - Flexible Solutions International, Inc. (FSI) is a developer and manufacturer of biodegradable polymers for various applications including oil extraction, detergent ingredients, water treatment, and crop nutrient availability [1][3] - The company also produces biodegradable and environmentally safe technologies for water and energy conservation, and is expanding into the food and nutrition supplement manufacturing markets [1][3] Financial Highlights - FSI announced a special dividend of ten cents per share, to be paid on May 28 to shareholders of record on May 19 [2] - CEO Dan O'Brien stated that the company's current financial condition and expectations of continued profitability allow for this special dividend, emphasizing that it is not a regular dividend [2] Product and Market Expansion - The company's subsidiary, NanoChem Solutions Inc., specializes in biodegradable, water-soluble products made from thermal polyaspartate (TPA) biopolymers, which have applications in scale inhibition, detergents, water treatment, and crop enhancement [3] - In 2022, FSI entered the food and nutrition markets by obtaining FDA and SQF food grade approval for its Peru IL plant, indicating a strategic move to diversify its product offerings [3]