Free Flow, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 18, 2023 at 11:51 am EDT
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Free Flow, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 0.000956 million compared to USD 0.060731 million a year ago. Revenue was USD 0.000956 million compared to USD 0.060731 million a year ago.
Net loss was USD 0.019429 million compared to USD 2.6 million a year ago. Basic loss per share from continuing operations was USD 0.001 compared to USD 0.105 a year ago.
Free Flow, Inc. consists of multiple operating subsidiary businesses and divisions, which include Free Flow Auto Auction, Accurate Auto Parts, Inc., HYGIENIQ.COM, and Motors & Metals, Inc. Free Flow Auto Auction is a management services organization overseeing the auction and related activities for an online auto auction platform. Accurate Auto Parts, Inc. builds a covered auto recycling facility for disassembly, warehousing, and shipping of used auto parts and tires on its over 19-acre facility in King George, Virginia. HYGIENiQ is a sterilizing, deodorizing, and air-purifying technology. Metals and Motors, Inc. is a scrap metal processing company, which is focused on processing scrap metal, primarily from automobiles, to initially produce 3,000 metric tons of shredded steel per month. It also processes catalytic converters for recovery of precious metals.