Free Flow, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 09, 2021 at 05:00 pm EST
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Free Flow, Inc. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 0.187904 million compared to USD 0.079456 million a year ago. Revenue was USD 0.187904 million compared to USD 0.079456 million a year ago. Net loss was USD 0.000022 million compared to USD 0.027618 million a year ago.
For the nine months, sales was USD 0.616806 million compared to USD 0.360236 million a year ago. Revenue was USD 0.616806 million compared to USD 0.360236 million a year ago. Net income was USD 0.351546 million compared to USD 0.077455 million a year ago. Basic earnings per share from continuing operations was USD 0.013 compared to USD 0.003 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.