Flexible Solutions International, Inc. (FSI)

FSI Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	38.32	45.84	34.42	31.41	27.44
Revenue Growth (YoY)	-16.40%	33.19%	9.58%	14.46%	53.90%
Cost of Revenue	27.99	31.97	23.02	21.64	18.82
Gross Profit	10.34	13.87	11.4	9.77	8.62
Selling, General & Admin	5.2	4.58	3.99	3.82	4.1
Research & Development	0.16	0.1	0.12	0.08	0.12
Other Operating Expenses	1.48	1.85	1.56	1.48	2.06
Operating Expenses	6.84	6.53	5.67	5.38	6.28
Operating Income	3.5	7.34	5.73	4.39	2.34
Interest Expense / Income	0.5	0.29	0.2	0.26	0.43
Other Expense / Income	0.36	-0.12	-0.28	-0.46	-0.02
Pretax Income	2.64	7.17	5.81	4.58	1.93
Income Tax	-0.13	0.15	2.36	1.61	0.02
Net Income	2.78	7.02	3.45	2.98	1.91
Net Income Growth	-60.47%	103.57%	15.86%	55.67%	-23.21%
Shares Outstanding (Basic)	12	12	12	12	12
Shares Outstanding (Diluted)	12	12	13	12	12
Shares Change	0.18%	-0.31%	1.65%	1.79%	2.28%
EPS (Basic)	0.22	0.57	0.28	0.24	0.16
EPS (Diluted)	0.22	0.56	0.28	0.24	0.16
EPS Growth	-60.71%	100.00%	16.67%	50.00%	-23.81%
Free Cash Flow	2	-0.5	4.02	4.63	0.54
Free Cash Flow Per Share	0.16	-0.04	0.33	0.38	0.04
Dividend Per Share	0.050	-	-	-	0.200
Gross Margin	26.97%	30.25%	33.11%	31.10%	31.42%
Operating Margin	9.13%	16.02%	16.64%	13.97%	8.52%
Profit Margin	7.24%	15.32%	10.02%	9.48%	6.97%
Free Cash Flow Margin	5.23%	-1.10%	11.67%	14.76%	1.96%
Effective Tax Rate	-5.02%	2.03%	40.59%	35.06%	0.90%
EBITDA	4.88	8.79	7.24	6.03	3.28
EBITDA Margin	12.73%	19.17%	21.03%	19.19%	11.94%
Depreciation & Amortization	1.74	1.33	1.23	1.18	0.92
EBIT	3.14	7.46	6.01	4.85	2.36
EBIT Margin	8.20%	16.27%	17.45%	15.43%	8.59%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).