Flexible Solutions International Inc.
Description
Flexible Solutions International, Inc., together with its subsidiaries, develops, manufactures, and markets specialty chemicals that slow the evaporation of water in Canada, the United States, and internationally. The company operates in two segments, Energy and Water Conservation Products, and Biodegradable Polymers. The company offers thermal polyaspartates (TPAs) for oilfields to reduce scale and corrosion in various water systems; and for the agricultural industry to reduce fertilizer crystallization before, during, and after application, as well as to prevent crystal formation between fertilizer and minerals present in the soil. It also provides TPAs for irrigation to prevent early plugging of drip irrigation ports, reduce maintenance costs, and lengthen the life of equipment; TPAs for cleaning products to prevents the re-deposition of dirt onto the surfaces; and TPAs as additives for household laundry detergents, consumer care products, and pesticides. In addition, the company offers nitrogen conservation products for agriculture that slow down nitrogen loss from fields. Further, it provides HEATSAVR, a chemical product for use in swimming pools and spas that forms a thin and transparent layer on the water's surface; and WATERSAVR to reduce water evaporation in reservoirs, potable water storage tanks, livestock watering ponds, aqueducts, canals, and irrigation ditches, as well as for lawn and turf care, and potted and bedding plants. The company was incorporated in 1991 and is headquartered in Taber, Canada.
About
CEO
Mr. Daniel B. O'Brien
Employees
46
Instrument type
Common Stock
Sector
Basic Materials
Industry
Specialty Chemicals
MIC code
XASE
Address
6001 54th Avenue, Taber, AB T1G 1X4, Canada
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 13, 2025 | — | — | — | — |
| Aug 12, 2025 | — | — | — | — |
| Apr 21, 2025 | — | — | — | — |
| Apr 1, 2025 | — | — | — | — |
Earnings estimate
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Next Quarter
(Mar 2025)
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Next Year
(Dec 2025)
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|---|---|---|---|---|
| Number of analysts | — | 0 | — | 0 |
| Average estimate | — | 0.00 | — | 0.00 |
| Low estimate | — | 0.00 | — | 0.00 |
| High estimate | — | 0.00 | — | 0.00 |
| Last year EPS | — | — | — | — |
[stock_revenue_estimate]
Growth estimates
Current qtr
—
Next qtr. (Mar 2025)
—
Current year
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Next year (Dec 2025)
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Next 5 years (per annum)
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Past 5 years (per annum)
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Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 38.32M | 45.84M | 34.42M | 31.41M | 27.44M |
| Cost of revenue | 27.99M | 31.97M | 23.02M | 21.64M | 18.82M |
| Gross profit | 10.34M | 13.87M | 11.40M | 9.77M | 8.62M |
| Operating expense | |||||
| Research & development | 158,246 | 99,275 | 116,411 | 81,422 | 123,660 |
| Selling general and admin | 5.64M | 5.60M | 5.06M | 4.86M | 5.04M |
| Other operating expenses | 1.08M | 784,718 | 509,699 | 454,803 | 701,556 |
| Operating income | 3.46M | 7.38M | 5.72M | 4.37M | 2.76M |
| Non operating interest income | |||||
| Income | 113,809 | 132,233 | 77,999 | 53,101 | 80,731 |
| Expense | 498,666 | 292,949 | 199,930 | 260,657 | 428,371 |
| Other income expense | 547,286 | 635,515 | 1.06M | 1.03M | -92,810 |
| Pretax income | 3.62M | 7.86M | 6.65M | 5.19M | 2.31M |
| Tax provision | -132,735 | 145,856 | 2.36M | 1.61M | 17,436 |
| Net income | 3.76M | 7.71M | 4.29M | 3.58M | 2.30M |
| Basic EPS | 0.22 | 0.57 | 0.28 | 0.24 | 0.16 |
| Diluted EPS | 0.22 | 0.56 | 0.28 | 0.24 | 0.16 |
| Basic average shares | 12.43M | 12.38M | 12.32M | 12.24M | 11.95M |
| Diluted average shares | 12.43M | 12.38M | 12.32M | 12.24M | 11.95M |
| EBITDA | 5.82M | 9.19M | 7.03M | 5.74M | 3.75M |
| Net income from continuing op. | 3.76M | 7.71M | 4.29M | 3.58M | 2.30M |
| Minority interests | -980,121 | -691,625 | -845,095 | -606,484 | -384,793 |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 55.47M | 51.59M | 39.55M | 35.09M | 32.38M |
| Current assets | |||||
| Cash | 5.02M | 6.12M | 5.71M | 3.47M | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 5.02M | 6.12M | 5.71M | 3.47M | 3.63M |
| Other short term investments | 2.69M | 700,000 | 1.03M | 1.00M | — |
| Accounts receivable | 9.84M | 9.45M | 7.13M | 5.89M | 4.47M |
| Other receivables | — | — | — | — | — |
| Inventory | 11.13M | 14.42M | 9.50M | 8.37M | 9.18M |
| Prepaid assets | 1.54M | 310,297 | 442,161 | 302,447 | 218,638 |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | 10.23M | 8.90M | 7.19M | 6.74M | 6.53M |
| Land and improvements | 440,592 | 384,027 | 234,027 | 452,399 | 363,090 |
| Machinery furniture equipment | 382,949 | 416,224 | 416,253 | 381,380 | 361,306 |
| Construction in progress | — | — | — | — | — |
| Leases | 88,872 | 88,872 | 88,872 | 88,872 | 88,872 |
| Accumulated depreciation | -10.19M | -8.69M | -7.61M | -6.84M | -6.16M |
| Goodwill | 7.35M | 7.51M | 7.68M | 7.87M | 8.07M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 2.28M | 2.44M | 2.61M | 2.81M | 3.00M |
| Investments and advances | 6.03M | 5.46M | 5.42M | 4.78M | 1.92M |
| Other non current assets | 284,794 | 274,289 | 12,697 | 299,603 | 2.60M |
| Total liabilities | 17.20M | 16.35M | 11.85M | 11.32M | 11.92M |
| Current liabilities | |||||
| Accounts payable | 1.98M | 873,904 | 1.28M | 558,105 | 636,260 |
| Accrued expenses | 284,131 | 959,856 | 457,062 | 1.23M | 181,234 |
| Short term debt | 3.15M | 3.59M | 3.17M | 3.25M | 3.99M |
| Deferred revenue | 148,292 | 387,763 | 349,004 | 314,277 | 213,221 |
| Tax payable | 4.49M | 4.49M | 4.56M | 2.54M | 1.77M |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 6.89M | 5.55M | 1.71M | 3.19M | 4.07M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 260,047 | 500,459 | 310,162 | 233,751 | 1.06M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 12,436 | 12,426 | 12,355 | 12,261 | 12,216 |
| Retained earnings | 18.05M | 15.90M | 8.88M | 5.43M | 2.46M |
| Other shareholders equity | -795,146 | -805,799 | -775,730 | -872,121 | -994,610 |
| Total shareholders equity | 38.27M | 35.24M | 27.71M | 23.77M | 20.46M |
| Additional paid in capital | 17.93M | 17.52M | 16.98M | 16.63M | 16.44M |
| Treasury stock | — | — | — | — | — |
| Minority interest | 3.07M | 2.61M | 2.60M | 2.56M | 2.55M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||
| Net Income | 3.76M | 7.71M | 4.29M | 3.58M | 2.30M | 2.42M | 1.75M | 1.79M | 1.50M | 403,345 | 1.82M | -1.08M | 182,990 | -190,080 | -743,441 | 404,605 | -923,227 | -1.16M | -1.18M | -1.26M | 2.00M | -3.08M | -233,955 | 138,971 | 102,848 |
| Depreciation | 1.74M | 1.33M | 1.23M | 1.18M | 917,796 | 342,561 | 286,616 | 540,079 | 578,338 | 789,733 | 1.30M | 1.26M | 330,423 | 356,797 | 402,115 | 447,831 | 526,127 | 597,170 | 685,768 | 388,071 | 37,712 | 24,683 | 18,910 | 13,489 | 12,764 |
| Deferred Taxes | -250,917 | -71,295 | 363,317 | 409,553 | -602,421 | 100,000 | 985,495 | 303,793 | 38,157 | -164,611 | -2.41M | -73,111 | -20,000 | -80,000 | -119,000 | — | — | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | 395,080 | 399,148 | 210,112 | 156,012 | 246,444 | 111,192 | 116,092 | 66,318 | 82,112 | 91,168 | 129,155 | 142,450 | 255,773 | 181,232 | 277,202 | 345,316 | 651,405 | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | 6,151 | 8,566 | 22,057 | 53,768 | 79,143 | — | — | 66,318 | 82,112 | 91,168 | 1.82M | 142,450 | 182,990 | -190,080 | 277,202 | 386,756 | 540,006 | 932,891 | 525,450 | 1 | — | — | — | — | 69,286 |
| Accounts Receivable | -393,199 | -2.34M | -1.25M | -1.42M | -319,843 | -1.05M | 912,056 | -1.20M | 349,470 | -341,439 | 91,567 | 135,462 | -1.14M | 349,083 | 137,270 | -651,757 | 300,065 | -524,256 | -194,183 | 438,490 | -239,016 | -8,848 | 98,009 | -31,544 | -111,308 |
| Accounts Payable | 434,964 | -700,191 | 102,856 | 553,478 | -312,701 | -351,508 | -407,555 | 90,111 | 38,523 | 271,103 | -91,512 | 157,668 | 18,031 | -88,532 | -142,414 | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | 3.05M | -4.09M | -1.24M | 1.39M | -392,290 | -2.39M | -778,097 | -450,650 | 120,905 | -407,704 | -409,162 | -459,250 | -238,722 | 542,049 | 759,643 | -1.33M | -348,221 | 431,223 | -834,346 | -922,289 | 30,363 | -157,627 | -160,675 | 57,430 | -131,225 |
| Operating Cash Flow | 8.73M | 2.25M | 3.74M | 5.90M | 1.91M | -815,726 | 2.87M | 1.21M | 2.79M | 732,763 | 2.25M | 217,459 | -426,777 | 880,469 | 848,577 | -398,449 | 746,155 | 272,659 | -994,062 | -1.35M | 1.83M | -3.22M | -277,711 | 178,346 | -57,635 |
| Investing Activities | |||||||||||||||||||||||||
| Capital Expenditures | -4.99M | -1.98M | -518,839 | -1.07M | -1.83M | -180,830 | -426,480 | -114,270 | -59,030 | -24,535 | -235,565 | -96,721 | -794,848 | -613,902 | -1.28M | -1.49M | -586,127 | -66,276 | -236,627 | -123,908 | — | -80,496 | -39,246 | — | -52,409 |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -751 | -21,113 | -60,680 | — | — | — | — | — | — | — | — |
| Net Acquisitions | 200,000 | -499,329 | — | 13,419 | — | -700,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | -3.19M | -76,735 | — | — | -16,771 | — |
| Purchase of Investments | -470,000 | — | -500,000 | -3.15M | -1.00M | -4.11M | — | -87,500 | — | — | — | — | — | — | — | — | — | — | -98,000 | -20,985 | -7,503 | -5.06M | — | — | — |
| Sale of Investments | 200,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 12,738 | 1,981 | — | 559,440 | 4.47M | 28,658 | — | — | — | — |
| Investing Cash Flow | -5.87M | -2.48M | -1.02M | -4.19M | -2.83M | -2.59M | 2.95M | -217,695 | -63,727 | -24,535 | -232,844 | -96,721 | -794,848 | -613,902 | -1.25M | -1.47M | -584,960 | -33,195 | 228,306 | 1.14M | -55,580 | -5.17M | -57,987 | -16,771 | -52,409 |
| Financing Activities | |||||||||||||||||||||||||
| Long-Term Debt Issuance | 2.69M | 3.23M | — | 3.41M | 1.10M | 4.10M | — | — | — | 1.01M | — | — | — | — | 462,155 | 1.68M | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -783,903 | -2.35M | -1.23M | -5.28M | -1.86M | -307,266 | -201,193 | -201,193 | -893,661 | -1.79M | -327,145 | -293,397 | -309,056 | -82,995 | — | -633,472 | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | -719,439 | -689,434 | -804,003 | -594,882 | -296,875 | -229,135 | — | — | — | — | — | — | — | — | — | — | — | — | 10 | — | 16,217 | 16,783 | — | — | -3,261 |
| Financing Cash Flow | -437,949 | 848,326 | -1.71M | -2.70M | -3.50M | 6.13M | -45,173 | -1.69M | -1.44M | -1.43M | -132,145 | 261,603 | -689,405 | -82,995 | 462,155 | 1.05M | 3.16M | 15,285 | 3.46M | 57,500 | 81,036 | 5.89M | 4,125 | — | -3,261 |
| Other Cash Details | |||||||||||||||||||||||||
| End Cash Position | 7.71M | 6.82M | 6.74M | 4.47M | 4.63M | 7.86M | 6.91M | 2.47M | 2.50M | 747,517 | 568,087 | 361,867 | 506,903 | 2.76M | 2.13M | 1.89M | 3.36M | 450,759 | 473,282 | 558,795 | 237,080 | 556,789 | 190,457 | 192,280 | 59,441 |
| Income Tax Paid | 119,319 | 158,966 | — | 464,026 | 207,501 | 288,653 | 833,766 | 452,654 | 785,000 | — | 204,480 | 1.52M | 1.33M | 454,180 | 394,983 | 68,561 | — | — | — | — | — | — | — | — | — |
| Interest Paid | 498,666 | 292,949 | 179,029 | 260,657 | 429,789 | 94,775 | 43,003 | 41,699 | 55,770 | 96,220 | 110,194 | 128,407 | 95,749 | 77,216 | 66,068 | 18,696 | 10,605 | — | — | — | — | — | — | — | — |
| Free Cash Flow | 2.00M | -504,404 | 3.75M | 4.62M | 538,631 | -2.41M | 615,945 | 1.66M | 2.68M | 1.04M | 244,394 | -403,967 | -1.59M | 705,249 | -488,157 | -1.80M | -404,356 | -48,737 | -859,794 | -1.09M | -369,542 | -434,201 | 34,796 | 158,126 | -101,561 |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 277,169 | 1.74M | 2.23% |
| Perritt Microcap Opportunities Fund | Oct 31, 2024 | 132,145 | 829,870 | 1.06% |
| Bridgeway Funds Inc-Ultra Small Company Fund | Sep 30, 2024 | 55,300 | 347,284 | 0.44% |
| Bridgeway Funds Inc-Ultra Small Company Market Fund | Sep 30, 2024 | 42,707 | 268,199 | 0.34% |
| DFA U.S. Targeted Value Portfolio | Oct 31, 2024 | 23,309 | 146,380 | 0.19% |
| Dimensional ETF Tr-Dimensional U.S. Core Equity 2 ETF | Oct 31, 2024 | 6,450 | 40,506 | 0.05% |
| DFA U.S. Sustainability Core 1 Portfolio | Oct 31, 2024 | 3,279 | 20,592 | 0.03% |
| Dimensional ETF Tr-Dimensional US Sustainability Core 1 ETF | Oct 31, 2024 | 3,528 | 22,155 | 0.03% |
| DFA U.S. Core Equity 2 Portfolio | Oct 31, 2024 | 3,460 | 21,728 | 0.03% |
| Dimensional ETF Tr-Dimensional US Core Equity 1 ETF | Oct 31, 2024 | 602 | 3,780 | 0.00% |
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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.
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