Flexible Solutions International (FSI) reported a disappointing first quarter for 2026, missing both earnings and revenue forecasts.
The company posted an EPS of -$0.02, falling short of the expected $0.07. Revenue came in at $8.3 million, below the anticipated $12.63 million.
The stock dropped 4.84% in after-hours trading but showed a slight recovery, closing at $6.23, up 2.57% from the previous session.
FSI is strategically pivoting to food-grade products, with contracts potentially generating over $50 million annually. The company expects profitability improvements in the second half of 2026.
CEO Dan O'Brien highlighted that the focus on food-grade products is expected to transform the business model and drive significant revenue growth.
