Flexible Solutions reports Q4 2024 revenue decreased 3% year-over-year; full-year revenue stable at $38.2 million. CEO anticipates market improvement.
Quiver AI Summary
Flexible Solutions International, Inc. (FSI), based in Victoria, British Columbia, specializes in biodegradable polymers and environmentally friendly technologies for various industries, including oil extraction, water treatment, and agriculture. The company has reported a slight decline in revenue for the fourth quarter of 2024, with sales dropping from $9.43 million in Q4 2023 to $9.15 million in Q4 2024, reflecting a year-over-year decrease of about 3%. Overall, FSI's full year revenue also decreased marginally from $38.3 million in 2022 to $38.2 million in 2023, attributing some challenges to weakness in the international agriculture market, which is expected to improve in 2025. The company plans to provide complete financial results on March 31, 2025, followed by a conference call on April 1, 2025.
Potential Positives
- Flexible Solutions International is actively expanding its presence in the food and nutrition supplement manufacturing markets, indicating potential for growth and diversification.
- The company's WaterSavr™ and Heatsavr™ products highlight its innovative approach to environmental technology, potentially positioning it as a leader in water and energy conservation solutions.
- Despite a slight decrease in revenue, the company reports a full year revenue decrease of only 0%, suggesting stability in the face of market challenges.
- CEO Dan O’Brien expresses optimism for improvements in the agriculture market in 2025, which could positively impact future performance.
Potential Negatives
- Fourth quarter revenue decreased by approximately 3% year over year, indicating potential challenges in market demand or competitiveness.
- Full year revenue saw a minor year-over-year decline, suggesting stagnation or lack of growth compared to previous years.
- CEO Dan O'Brien acknowledged weakness in the international agriculture market, pointing to broader market challenges that may affect future performance.
FAQ
What is Flexible Solutions International, Inc.?
Flexible Solutions International, Inc. is a developer and manufacturer of biodegradable polymers and environmental technologies, based in Victoria, British Columbia.
How did Flexible Solutions perform in Q4 2024?
In Q4 2024, Flexible Solutions reported a revenue decrease from $9.43 million in Q4 2023 to $9.15 million, approximately 3% lower year over year.
What are some products offered by Flexible Solutions?
Flexible Solutions offers biodegradable polymers, water and energy conservation technologies, and crop nutrient availability products, including WaterSavr™ and Heatsavr™.
When will the complete financial results for 2024 be available?
Complete financial results for 2024 will be available after market close on March 31, 2025, alongside the SEC filings.
What is WaterSavr™?
WaterSavr™ is the world’s first commercially viable water evaporation retardant, reducing evaporation by up to 30% in various water bodies.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$FSI Hedge Fund Activity
We have seen 4 institutional investors add shares of $FSI stock to their portfolio, and 6 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CRESSET ASSET MANAGEMENT, LLC added 40,000 shares (+inf%) to their portfolio in Q3 2024
- CITADEL ADVISORS LLC added 20,623 shares (+inf%) to their portfolio in Q3 2024
- NEWEDGE ADVISORS, LLC added 10,041 shares (+100.4%) to their portfolio in Q3 2024
- RENAISSANCE TECHNOLOGIES LLC removed 9,800 shares (-2.6%) from their portfolio in Q3 2024
- DIMENSIONAL FUND ADVISORS LP added 7,408 shares (+21.7%) to their portfolio in Q3 2024
- BLACKROCK, INC. removed 6,533 shares (-100.0%) from their portfolio in Q3 2024
- TOWER RESEARCH CAPITAL LLC (TRC) removed 4,026 shares (-76.6%) from their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
VICTORIA, BRITISH COLUMBIA, Jan. 14, 2025 (GLOBE NEWSWIRE) -- 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. FSI is also increasing its presense in the food and nutrition supplement manufacturing markets. Today the Company announces fourth quarter (Q4) and full year, 2024 revenue.
Sales were slightly lower in Q4, 2024 compared to Q4, 2023. Flexible Solutions’ top line revenue decreased from $9.43million (Q4, 2023) to $9.15million (Q4, 2024), down approximately 3% year over year. Full year revenue decreased from $38.3 million in 2022 to $38.2million in 2023, a full year decrease of 0%.
Mr. Dan O’Brien, CEO, comments, “Q4 saw some weakness in the international agriculture market that we expect will improve in 2025.”
Complete financial results will be available after market close on March 31, 2025 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 1, 2025. See the FSI March 31, 2025 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 WaterSavr ™ , the world’s first commercially viable water evaporation retardant. WaterSavr ™ reduces evaporation by up to 30% on reservoirs, lakes, aqueducts, irrigation canals, ponds and slow moving rivers. Heatsavr ™ , 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 International
6001 54
th
Ave, Taber, Alberta, CANADA T1G 1X4
Company Contacts
Jason Bloom
Toll Free: 800.661.3560
Fax: 403.223.2905
Email:
[email protected]
To find out more information about Flexible Solutions and our products please visit www.flexiblesolutions.com
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