Flexible Solutions International Inc. Announces Revenue Results for the Fourth Quarter and Full Year 2012
January 15, 2013 at 10:10 pm
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Flexible Solutions International Inc. announced revenue results for the fourth quarter and full year 2012. The company announced that fourth quarter top line revenue increased from $3.37 million in fourth quarter 2011 to $3.85 million in fourth quarter 2012, up 14% year over year.
Top line revenue for Full Year 2012 increased from $15.52 million in 2011 to $16.40 million in 2012, up 6% year over year.
Flexible Solutions International, Inc. is engaged in manufacturing and marketing biodegradable polymers which are used in the oil, gas and agricultural industries. The Company also develops, manufactures and markets specialty chemicals that slow the evaporation of water. Its products include HEATSAVR and WATERSAVR. Its segments include Energy and water conservation products (EWCP), and Biodegradable polymers (TPAs). Its EWCP segment consists of liquid swimming pool blankets which save energy and water by inhibiting evaporation from the pool surface, and a food-safe powdered form of the active ingredient within the liquid blankets and which are designed to be used in still or slow-moving drinking water sources. Its TPA segment is used by the petroleum, chemical, utility and mining industries to prevent corrosion and scaling in water piping. This product can also be used in detergents to increase biodegradability and in agriculture to increase crop yields by enhancing fertilizer uptake.
FLEXIBLE SOLUTIONS INTERNATIONAL, INC. 
