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FSI ANNOUNCES THIRD QUARTER 2025 REVENUE
Globenewswire· 2025-10-16 20:30
Core Insights - Flexible Solutions International, Inc. reported a revenue increase of approximately 13% year over year for Q3 2025, reaching $10.539 million compared to $9.315 million in Q3 2024 [2] - The company is focused on expanding its presence in the food and nutrition supplement manufacturing markets, with plans for full-scale food-grade production in 2026 [2][3] - The CEO highlighted the company's efforts to resume growth in challenging agricultural conditions, indicating a positive outlook for Q4 2025 [2] Financial Performance - Q3 2025 revenue was $10.539 million, an increase from $9.315 million in Q3 2024, reflecting a growth of approximately 13% [2] - Complete financial results will be disclosed on November 14, 2025, alongside SEC filings [2] Company Overview - Flexible Solutions International, based in Taber, Alberta, specializes in biodegradable polymers for various applications, including oil extraction, detergents, and water treatment [1][3] - The company's subsidiary, NanoChem Solutions Inc., focuses on biodegradable, water-soluble products made from thermal polyaspartate (TPA) biopolymers [3] - The company has entered the food and nutrition markets by obtaining FDA food-grade approval for its Peru IL plant in 2022 [3]
FSI ANNOUNCES PRODUCTION START FOR SECOND FOOD CONTRACT
Globenewswire· 2025-09-23 13:00
Group 1 - Flexible Solutions International, Inc. has commenced production for a food grade contract announced on August 11, 2025, with revenue expected to start in Q4 2025 and grow throughout 2026 as production scales to meet customer demand [2][3] - The CEO, Dan O'Brien, stated that full-scale production has begun and invoicing will start in Q4, with Q1 2026 sales projected to reach a minimum rate of $6.5 million per year for this customer [3] - The company specializes in biodegradable polymers for various applications, including oil extraction, water treatment, and crop nutrient availability, and is expanding into the food and nutrition supplement manufacturing markets [1][3] Group 2 - The company's subsidiary, NanoChem Solutions Inc., focuses on 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, Flexible Solutions entered the food and nutrition markets by obtaining FDA food grade approval for its Peru IL plant, indicating a strategic expansion into new sectors [3]