FONT-SIZE Plus   Neg

Flexible Solutions Reports Higher Q1 Revenues - Quick Facts

Flexible Solutions International, Inc. (FSI) Tuesday reported an increase in revenue for first quarter as compared to last year.

Total revenues for the quarter rose 19 percent to $5.20 million from $4.36million in the prior-year quarter. Revenues from oil extraction, agriculture and detergent industries were higher compared to last year.

FSI Chief Executive Officer Dan O'Brien said, "It is anticipated that revenue for full year 2012 will continue to track higher than 2011. I reiterate the recent full year revenue guidance of between 20 and 30 percent year over year."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Chipmaker Qualcomm is reportedly in talks with NXP Semiconductor NV (NXPI) for a possible acquisition, reports said. According to Bloomberg, negotiations are on with a probable price of $110 t $120 per NXP share. The deal would value NXP at around $34.7 billion. Regulators have confirmed the eleventh U.S. fatality linked to Takata Corp.'s defective air bag inflators. The National Highway Traffic Safety Administration or NHTSA said Thursday that a crash fatality in Riverside County, California, was tied to the rupture of a recalled Takata air bag inflator. Reynolds American Inc. (RAI) on Friday confirmed that British American Tobacco plc (BATS.L, BTI) has offered to buy the remaining 57.8 percent stake that it does not own in the US tobacco company for $47 billion. Reynolds said its board of directors will evaluate the offer, and respond accordingly to BAT, which currently owns 42.2 percent stake in Reynolds. The proposal represents an enterprise va
comments powered by Disqus
Follow RTT