Small Cap and Asian-Based Companies, Greenridge Global

Greenridge Global

Small Cap and Asian-Based Companies

Greenridge Global was founded in June 2012 with the aim of providing a range of institutional services to small cap and Asian-based companies who have been abandoned by traditional broker-dealers. Greenridge’s growing team has a rich history of working in buyside, sell-side and investment banking capacities in the US and Asia, enabling it to have a broad network of investors and industry partners.

Equity Bottom-Up

Flexible Solutions Internation / Equity Bottom-Up

<ul>
<li>Q2 Results Not As Bad As Headline Numbers Indicate.</li>
<li>The headline Revenue number of $7.61 million for Q2 was a sharp decline from the year ago period, which included a one-time $2.5 million food-related R&amp;D fee, however the details of the quarter paint a mixed picture.</li>
<li>Food revenue was not as strong as expected, as production issues impacted output. </li>
</ul>


Q2 Results Not As Bad As Headline Numbers Indicate.
The headline Revenue number of $7.61 million for Q2 was a sharp decline from the year ago period, which included a one-time $2.5 million food-related R&amp;D fee, however the details of the quarter paint a mixed picture.
Food revenue was not as strong as expected, as production issues impacted output. 


Flexible Solutions International: Q2 Results Not As Bad As Headline Numbers Indicate

<ul>
<li>Centric Operation. FSI reported first quarter Revenue of $8.3 million, up 11.0% from the year ago period.</li>
<li>Broken out by segment, results were mixed based on various factors.</li>
<li>The food segment saw a huge jump with the August 2025 customer contributing $2.6 million.</li>
</ul>


Centric Operation. FSI reported first quarter Revenue of $8.3 million, up 11.0% from the year ago period.
Broken out by segment, results were mixed based on various factors.
The food segment saw a huge jump with the August 2025 customer contributing $2.6 million.


Flexible Solutions International: Maintaining Rating & Target

<ul>
<li>Q4 Results Less Important Than Operational Developments.</li>
<li>FSI reported fourth quarter sales of $9.1 million, flat from the year ago period.</li>
<li>Sales were mixed, as the August 2025 food contract contributed revenue in the quarter, however the food segment was not broken out from the NCS division as a whole. </li>
</ul>


Q4 Results Less Important Than Operational Developments.
FSI reported fourth quarter sales of $9.1 million, flat from the year ago period.
Sales were mixed, as the August 2025 food contract contributed revenue in the quarter, however the food segment was not broken out from the NCS division as a whole. 


The Near-Term Ramp In Revenue Delayed Slightly By Production Issues

<ul>
<li>Last Monday, the Company announced it began shipping orders to its international customers from its new Panama facility. </li>
<li>The press release also noted that all international shipments should come out of the Panama facility by the end of Q1:26. </li>
<li>This is roughly on time with previous expectations and significant in that it enables FSI to avoid dealing with US tariffs, while freeing up space in the Peru, IL plant to focus on food product manufacturing. </li>
</ul>


Last Monday, the Company announced it began shipping orders to its international customers from its new Panama facility. 
The press release also noted that all international shipments should come out of the Panama facility by the end of Q1:26. 
This is roughly on time with previous expectations and significant in that it enables FSI to avoid dealing with US tariffs, while freeing up space in the Peru, IL plant to focus on food product manufacturing. 


Flexible Solutions International: Panama Facility Begins Customer Shipments

Research from Water Tower Research, Water Tower Research

Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Equity Research Firm

Thematic (Sector/Industry)

<ul><li>Last week, the WTR Sustainable Index was up 3.4% W/W versus the S&amp;P 500 Index (up 0.9%), the Russell 2000 Index (up 3.1%), and the Nasdaq Index (up 0.4%).</li><li>Energy Technology (41% of the index) was up 3.1%, while Transportation Solutions (33% of the index) was up 3.9%, Climate Tech and Clean Tech (19% of the index) was up 2.7%, and Climate Tech Mining and Processing (7% of the index) was up 3.3%.</li><li>Top 10 Performers: AMYZF, XPON, GRNWF, GEVO, RIDE, SUUN, BNRG, ARRY, FSI, PPSI</li></ul>

Last week, the WTR Sustainable Index was up 3.4% W/W versus the S&amp;P 500 Index (up 0.9%), the Russell 2000 Index (up 3.1%), and the Nasdaq Index (up 0.4%).Energy Technology (41% of the index) was up 3.1%, while Transportation Solutions (33% of the index) was up 3.9%, Climate Tech and Clean Tech (19% of the index) was up 2.7%, and Climate Tech Mining and Processing (7% of the index) was up 3.3%.Top 10 Performers: AMYZF, XPON, GRNWF, GEVO, RIDE, SUUN, BNRG, ARRY, FSI, PPSI

Sustainable Investing Surveyor Focus on NHHHF - August 18, 2025

United States

Flexible Solutions International, Inc. develops and markets chemicals and chemical dispensers, which slow down the evaporation of water.  The Company's products include Heat$aver, the Tropical Fish, and Water$aver.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Flexible Solutions Internation (FSI US)

Flexible Solutions International: Q2 Results Not As Bad As Headline Numbers Indicate

Q2 Results Not As Bad As Headline Numbers Indicate. The headline Revenue number of $7.61 million for Q2 was a sharp decline from the year ago...

Greenridge Global

Flexible Solutions International: Maintaining Rating & Target

Positive Movement Continues On Food Contracts Ramping And Industrial Products Shifting To Panama. Centric Operation. FSI reported first quarter...

Greenridge Global

The Near-Term Ramp In Revenue Delayed Slightly By Production Issues

Q4 Results Less Important Than Operational Developments. FSI reported fourth quarter sales of $9.1 million, flat from the year ago period. Sales...

Greenridge Global

Flexible Solutions International: Panama Facility Begins Customer Shipments

Last Monday, the Company announced it began shipping orders to its international customers from its new Panama facility.

Greenridge Global

Sustainable Investing Surveyor Focus on NHHHF - August 18, 2025

Last week, the WTR Sustainable Index was up 3.4% W/W versus the S&P 500 Index (up 0.9%), the Russell 2000 Index (up 3.1%), and the Nasdaq Index (up...

Water Tower Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)