Flexible Solutions International Inc. (FSI) CEO Daniel O'Brien on Q2 2022 Results - Earnings Call Transcript

Flexible Solutions International Inc. (NYSE:FSI) Q2 2022 Earnings Conference Call August 16, 2022 11:00 AM ET

Company Participants

Daniel O’Brien - President & Chief Executive Officer

Conference Call Participants

William Gregozeski - Greenridge Global
Tim Clarkson - Van Clemens Capital

Operator

[Operator Instructions] Good day, everyone and welcome to today’s Flexible Solutions International Second Quarter 2022 Financial Results Conference Call. [Operator Instructions] Please note, this call is being recorded.

And now it is my pleasure to turn the conference over to Mr. Dan O’Brien. Please go ahead, sir.

Daniel O’Brien

Thank you, Jess. Good morning. This is Dan O’Brien, CEO of Flexible Solutions.

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 statements 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.

Welcome to the Q2 conference call. I'd like to update our company condition and our product lines, along with what, in our opinion, might occur in the third and fourth quarters of 2022. Then I'll comment on our financials.

For the COVID virus, we are not experiencing problems due to the virus other than mild cases in our employee ranks and shipping delays when Asian ports experienced lockdowns. Our NanoChem division, NCS, represents more than half the revenue of FSI. This division makes thermal polyaspartic acid called TPA for short, a biodegradable polymer with many valuable uses. NCS also manufactures SUN 27 and N Savr 30 which are used to reduce nitrogen fertilizer loss from soil. In 2022, NCS started toll operations using