Recent Updates — FSI
Flexible Solutions International announced that John Bientjes resigned as a director and chairman of the audit committee, while Dr. Kim Reid was appointed as a director and audit committee member. Davis Fynn assumed the role of audit committee chairman. The resignation was not due to disagreements regarding operations or policies. Flexible Solutions International is an environmental technology company specializing in biodegradable polymers for oil extraction, water treatment, and crop enhancement.
Flexible Solutions International reported a net loss of $1.9 million, or $0.15 per share, for the second quarter ended June 30, 2026, compared to a net income of $2.0 million in the prior year period. Revenue declined approximately 14% to $7.6 million from $8.9 million, primarily due to the absence of a $2.5 million R&D payment received in Q2 2025 and weakness in the ENP division. The company provided forward-looking revenue guidance for Q3 2026, expecting Panama division revenue to reach $3 million, ENP division revenue to exceed $5 million, and NanoChem division revenue to surpass $4 million. Flexible Solutions International develops and manufactures biodegradable polymers and environmentally safe technologies for oil extraction, water treatment, agriculture, and food nutrition supplements.
On June 30, 2026, Flexible Solutions International, Inc. entered into an ATM Sales Agreement with Bancroft Capital, LLC to issue and sell common stock valued at $18,500,000. The Company agreed to pay the Sales Agent a 3% cash fee on gross proceeds and reimburse expenses up to $30,000, plus quarterly expenses up to $5,000. Flexible Solutions International, Inc. is an Alberta-based corporation that provides specialized solutions for the agricultural and agricultural-related industries.
Flexible Solutions International, Inc. announced that its independent registered public accounting firm, Assure CPA, LLC, merged into Sadler, Gibb & Associates, LLC, resulting in the resignation of Assure. The Company's Audit Committee approved the engagement of Sadler Gibb as the new independent registered public accounting firm for the fiscal year ending December 31, 2026.