Free Flow, Inc. Reports Earnings Results for the Full Year Ended December 31, 2020
April 09, 2021 at 01:53 am IST
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Free Flow, Inc. announced earnings results for the full year ended December 31, 2020. For the full year, the company announced total revenue was USD 411,694 compared to USD 420,538 a year ago. Net income was USD 850,610 compared to net loss of USD 121,810 a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to basic loss per share from continuing operations of USD 0.01 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.