Free Flow, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 04:35 pm EDT
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Free Flow, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 0.003076 million compared to USD 0.06799 million a year ago. Revenue was USD 0.003076 million compared to USD 0.06799 million a year ago. Net income was USD 0.001989 million compared to net loss of USD 0.078479 million a year ago.
For the six months, sales was USD 0.004032 million compared to USD 0.128721 million a year ago. Revenue was USD 0.004032 million compared to USD 0.128721 million a year ago. Net loss was USD 0.01744 million compared to USD 2.68 million a year ago. Basic loss per share from continuing operations was USD 0.001 compared to USD 0.102 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.