How did FSI's revenue and expenses trend in Q4 2024 compared to previous quarters?
5/8/2025 05:20am
Flexible Solutions International (FSI) demonstrated a seasonal pattern in its revenue and expenses, with a significant increase in revenue in Q4 2024 compared to the previous quarter.
1. **Revenue Trend**:
- Q4 2024: FSI's total revenue was $38.23 million.
- Q3 2024: The revenue was $29.07 million.
- Q2 2024: Revenue was $19.75 million.
- Q1 2024: Initial revenue was $9.22 million.
2. **Comparison with Previous Quarters**:
- FSI's revenue increased from $9.22 million in Q1 2024 to $19.75 million in Q2 2024, indicating a strong growth period.
- The growth continued with a further increase to $29.07 million by Q3 2024.
- The most significant surge occurred from $29.07 million in Q3 2024 to $38.23 million in Q4 2024, suggesting a strong seasonal performance or business expansion during this period.
3. **Expenses**: The data for total expenses for FSI in Q4 2024 is not available. However, the trend of increasing revenues suggests that FSI might have managed its expenses effectively to maintain profitability as expenses are typically deducted from revenues to determine net income.
In conclusion, FSI's revenue exhibited a strong seasonal uptick in Q4 2024, building upon the growth seen in previous quarters, potentially due to increased business activity or market conditions favorable to the company's products or services.