Free Flow, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 16, 2021 at 12:48 pm
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Free Flow, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced total revenue was USD 212,462 compared to USD 164,401 a year ago. Operating loss was USD 43,903 compared to operating Income of USD 76,548 a year ago. Net income was USD 64,518 compared to USD 79,858 a year ago. Basic earnings per share from continuing operations was USD 0.002 compared to USD 0.003 a year ago. For the half year, total revenue was USD 428,902 compared to USD 280,780 a year ago. Operating income was USD 3,905 compared to USD 105,072 a year ago. Net income was USD 460,015 compared to USD 105,072 a year ago. Basic earnings per share from continuing operations was USD 0.018 compared to USD 0.004 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.