This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Flexible Solutions Announces Full Year, 2011 Financial Results

Mr. O’Brien continues, “I want to stress how hard our employees have worked as FSI survived the recession and returned to impressive levels of growth. Processes have been improved, our aspartic acid factory reached completion and new products have been developed that will drive our growth for years to come. I look forward to reporting more record quarters and years to the shareholders along with other important milestones.”

Conference call

** CEO, Dan O’Brien has scheduled a conference call for 11:00am EST, 8:00am PST, Friday March 30, to discuss the financials. To attend this call, dial 1-877-941-0844 (or 1-480-629-9835 ). The conference call title, ‘ Fourth Quarter Financials’ maybe requested **

The above information and following table contain supplemental information regarding income and cash flow from operations for the 3 & 12 months respectively ended Dec. 31, 2011 and 2010. Adjustments to exclude depreciation, stock option expenses and one time charges are given. This financial information is a Non-GAAP financial measure as defined by SEC regulation G. The GAAP financial measure most directly comparable is net income . The reconciliation of each of the Non-GAAP financial measures is as follows:


Consolidated Statement of Operations For 3 & 12 Months Ended Dec. 31 (12 Months Operating Cash Flow) (12 month audited / 3 month unaudited)


3 and 12 month revenue ended Dec. 31
  2011         2010

3 month

3 month revenue
Revenue $ 3,369,898 $ 2,596,082
12 month revenue

12 month

Revenue $ 15,518,635 $ 11,491,401
Net income (loss) GAAP $ 182,990 $ (190,080)
Net income (loss) per share GAAP $ 0.01 $ (0.01)
12 month weighted average shares used in computing per share amounts – basic GAAP   13,272,049         13,962,567

The following calculations begin with: Net income (loss) GAAP

12 month Operating Cash Flow

ended Dec. 31


Operating cash flow (12 month). NON-GAAP – Excludes: a and b as indicated and as listed below

$ 1,894,818 a, b


$ 1,038,129 a, b

Operating cash flow (12 month). NON-GAAP – Excludes : a, b and c as indicated and as listed below

$ 2,790,427 a,b,c


$ 1,908,365 a,b,c

Operating Cash flow per share (12 months) – basic. NON-GAAP - Excludes : items “ a, b and c” as indicated and as listed below.

$ 0.21 a,b,c


$ $0.14 a,b,c

Non-cash Adjustments (as per 12 month Statement of Cash Flow)

$ 586,196 b $ 538,029 b

Adjustments – other (as listed below)

$ 2,021,241 a,c $ 1,560,416 a,c
12 month basic weighted average shares used in computing per share amounts – basic GAAP 13,272,049




Notes : certain items not related to “operations” of the Company have been excluded as follows.

a) NON-GAAP- “income tax ( Net Income Tax: 2011 = $1,125,632, 2010 = $690,180)

b) NON-GAAP- Non-cash Adjustments for 2011 and 2010, “depreciation, stock compensation expenses, write down of investment and inventory, loss on sale of equipment, other expenses, and shares for service (see - Consolidated Statement of Cash Flow).

c) NON-GAAP- Other Non-operating adjustments – add “New factory construction costs (2011 = $895,768, 2010 = $870,236), deduct interest income (interest income: 2011 = $159, 2010 = $0) which are unrelated to the “current operations” of the Company.

Safe Harbor Provision

The Private Securities Litigation Reform Act of 1995 provides a "Safe Harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward looking statement with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the company is detailed from time to time in the Company's reports filed with the Securities and Exchange Commission.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,895.15 -240.57 -1.33%
S&P 500 2,077.25 -23.79 -1.13%
NASDAQ 4,938.8860 -43.9230 -0.88%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs