FSI Announces Q3 2023 Revenue; Says Sales Were Lower In Q3, 2023 Compared To Q3, 2022. Flexible Solutions' Top Line Revenue Decreased From $11.685M (Q3, 2022) To $8.698M (Q3, 2023), Down ~26% YoY
Portfolio Pulse from Benzinga Newsdesk
Flexible Solutions International (FSI) reported a decrease in its Q3 2023 revenue, which fell by approximately 26% YoY from $11.685M in Q3 2022 to $8.698M in Q3 2023. The company attributes the decline to lower sales to existing customers and difficulties in acquiring new customers due to economic uncertainty.
October 16, 2023 | 1:15 pm
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FSI's Q3 2023 revenue decreased by approximately 26% YoY, indicating a potential negative impact on the company's short-term stock performance.
FSI's significant decrease in Q3 2023 revenue indicates a potential negative impact on the company's financial performance, which could lead to a decrease in investor confidence and a subsequent drop in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100