Earnings Labs

Flexible Solutions International, Inc. (FSI)

Q1 2013 Earnings Call· Thu, May 16, 2013

$6.53

+0.31%

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Transcript

Executives

Management

Daniel O'Brien - President and CEO

Operator

Operator

Good day, ladies and gentlemen. Thank you for standing by. Welcome to the First Quarter 2013 Financials Conference Call. During today's presentation, all parties will be in a listen-only mode. Following the presentation, the conference will be open for questions. I would now like to turn the conference over to Mr. O'Brien. Please go ahead.

Daniel O'Brien

Management

Good morning. I'm Dan O'Brien, CEO of Flexible Solutions. The 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 FSI conference call for the first quarter of 2013. Before commenting on the financials specifically, I'd like to speak about where we are on our major projects and what we expect for the next quarters. Our sugar to aspartic acid plant in Alberta has been in operation for over a year. We do not provide volume information or details of production. However, revenue generation is continuing, depreciation of the factory is included in our financials and the Taber production team is focused on steady increase in quantity, efficiency and quality. The goal of the Taber plant is to eventually supply most of the aspartic acid we require from local sustainable feedstocks. The aspartic acid made in Taber combined with the aspartic acid we purchased from our key suppliers is the primary raw material for the finished product made by our NanoChem subsidiary. Thermal polyaspartic acid or TPA; sales of TPA from the NanoChem division now represent more than 90% of our revenue and have become the main sales and profit driver for our company. By backward integrating our business to control our raw material supply, Flexible Solutions can ensure that NanoChem's TPA is always competitive and we remain the leading supplier as the use…

Operator

Operator

Thank you, sir. We will now begin the question-and-answer session. (Operator Instructions). I'm showing no questions at this time.

Daniel O'Brien

Management

Thank you, Calvin. In closing remarks, thank you all for joining me on the conference call. I look forward to speaking to you again in three months and (inaudible) if possible in the interim. Thank you so much. Goodbye.

Operator

Operator

We are now back in private speaker, O'Brien. Is there anything else you need?

Daniel O'Brien

Management

No. That was quite surprising. Usually, there's 20 minutes of questions; but thank you so much, Calvin.

Operator

Operator

You're welcome.

Daniel O'Brien

Management

I don't know whether I told them everything they needed to know or they just don't care anymore. Thanks very much.

Operator

Operator

Sure. Have a great day.

Daniel O'Brien

Management

You too. Bye.