Greg Hillman's questions to FLEXIBLE SOLUTIONS INTERNATIONAL (FSI) leadership • Q1 2025
Question
The analyst asked about the company's competitive expertise in TPA, the market awareness of its nitrogen conservation products, the branding strategy with distributors, and the valuation of certain investments on the balance sheet.
Answer
The company has unique, patent-protected expertise in food-grade TPA for wine. In other areas, it competes with Chinese firms, and the Panama move will enhance competitiveness. While all major crop farmers know about nitrogen conservation products, few use them, and they often know them by distributor brand names, not FSI's. The company sees no way to force distributors to use its trade names. Regarding balance sheet investments, one is performing well and will not be written down, while another is being monitored quarterly for potential write-down based on its cash burn.