Flexible Solutions International, Inc.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $15.5M | $16.2M | $15.9M | $15.9M | $15.8M | $16.4M | $15.5M | $11.5M |
| Cost of Revenue | $9.5M | $9.3M | $9.7M | $10.8M | $11.3M | $11.1M | $9.7M | $7.0M |
| Gross Profit | $6.0M | $7.0M | $6.2M | $5.1M | $4.5M | $5.3M | $5.9M | $4.5M |
| Gross Margin | 38.6% | 43.0% | 39.0% | 32.3% | 28.7% | 32.1% | 37.7% | 38.9% |
| Operating Expenses | ||||||||
| Research & Development | $98.9K | $95.1K | $95.3K | $135.0K | $123.8K | $68.3K | $73.2K | $71.0K |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $1.5M | $3.1M | $2.4M | $660.8K | $-894.4K | $-34.1K | $1.3M | $500.1K |
| Operating Margin | 9.8% | 19.0% | 14.8% | 4.2% | -5.7% | -0.2% | 8.4% | 4.4% |
| Interest Expense | $44.1K | $41.7K | $55.8K | $94.9K | $109.2K | $128.4K | $95.7K | $77.2K |
| Pretax Income | $3.4M | $3.1M | $2.3M | $660.8K | $-721.5K | $-31.1K | $1.3M | $500.1K |
| Income Tax Expense | $680.3K | $982.1K | $765.3K | $422.0K | $-134.7K | $1.1M | $1.1M | $-770.2K |
| Net Income | $1.8M | $1.8M | $1.5M | $403.3K | $1.8M | $-1.1M | $183.0K | $-190.1K |
| Net Margin | 11.3% | 11.0% | 9.5% | 2.5% | 11.5% | -6.6% | 1.2% | -1.7% |
| EPS (Basic) | $0.15 | $0.16 | $0.11 | $0.03 | $0.14 | $-0.08 | $0.01 | $-0.01 |
| EPS (Diluted) | $0.15 | $0.15 | $0.11 | $0.03 | $0.14 | $-0.08 | $0.01 | — |
| Shares Outstanding (Basic) | 11.5M | 11.5M | 13.2M | 13.2M | 13.2M | 13.2M | 13.3M | 14.0M |
| Shares Outstanding (Diluted) | 11.7M | 11.6M | 13.3M | 13.2M | 13.2M | 13.2M | 13.5M | 14.0M |
| Dividends Per Share | — | — | — | — | — | — | — | — |