Free Flow, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 15, 2022 at 11:10 am EDT
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Free Flow, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 0.06799 million compared to USD 0.212462 million a year ago. Revenue was USD 0.06799 million compared to USD 0.212462 million a year ago. Net loss was USD 0.078478 million compared to net income of USD 0.064517 million a year ago. Basic loss per share from continuing operations was USD 0.003 compared to basic earnings per share from continuing operations of USD 0.002 a year ago.
For the six months, sales was USD 0.128721 million compared to USD 0.428902 million a year ago. Revenue was USD 0.128721 million compared to USD 0.428902 million a year ago. Net loss was USD 2.68 million compared to net income of USD 0.460014 million a year ago. Basic loss per share from continuing operations was USD 0.102 compared to basic earnings per share from continuing operations of USD 0.018 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.