Free Flow, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 20, 2023 at 10:29 am
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Free Flow, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net loss was USD 0.053626 million compared to net income of USD 0.039147 million a year ago. Basic loss per share from continuing operations was USD 0.002 compared to basic earnings per share from continuing operations of USD 0.001 a year ago.
For the nine months, sales was USD 0.004032 million compared to USD 0.18565 million a year ago. Revenue was USD 0.004032 million compared to USD 0.18565 million a year ago. Net loss was USD 0.071066 million compared to USD 2.64 million a year ago. Basic loss per share from continuing operations was USD 0.003 compared to USD 0.101 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.