Quarterly ResultMay 15, 2026, 04:08 PM
Flexible Solutions Q1 Sales Up 11%; Net Loss Narrows to $0.02/Share
AI Summary
Flexible Solutions International Inc. reported an 11% increase in Q1 2026 sales to $8.30 million, while its net loss attributable to the company narrowed to $(0.24) million from $(0.28) million year-over-year. Despite higher sales, gross profit declined by 3.19%, and the company experienced a significant increase in cash used in operating activities, reaching $(1.82) million. The company also saw a substantial rise in short-term lines of credit to $4.80 million and recorded a loss from its investment in a Florida-based LLC.
Key Highlights
- Q1 2026 sales rose 11% to $8.30 million from $7.47 million in Q1 2025.
- Net loss attributable to FSI narrowed to $(0.24) million from $(0.28) million YoY.
- Gross profit decreased 3.19% to $1.89 million in Q1 2026.
- Cash used in operating activities increased to $(1.82) million from $(0.54) million.
- Short-term lines of credit increased to $4.80 million from $2.15 million.
- Investment in Florida-based LLC resulted in a $(54,088) loss, compared to $63,925 income.
- Property held for sale valued at $425,000.
Price Impact
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