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FLXT Flexpoint Sensor Systems

Flexpoint Sensor Systems, Inc. engages in the design, engineering, and manufacture of bend sensor technology and products. It also supply thin film sensing technology to automotive, medical, industrial controls, and consumer products industries. Its products include bend sensor, usb bend sensor kit, usb glove kit, and flexpoint BSV software. The company was founded in June 1992 and is headquartered in Draper, UT.

Company profile

Ticker
FLXT
Exchange
CEO
Clark M. Mower
Employees
Incorporated
Location
Fiscal year end
Former names
MICROPOINT INC, NANOTECH CORP
SEC CIK
IRS number
870620425

FLXT stock data

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Calendar

17 May 21
27 Jul 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
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Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
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Financial data from company earnings reports.

Financial report summary

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Management Discussion
  • The Company continues to concentrate its marketing resources on a limited number of customers that have the greatest potential to generate the most short-term revenue while still building relationships with our larger customers. Management believes this approach has the highest potential to bring long-term commercially viable products to market and will provide sustainable cash flow to fund the Company's operations in the future. Currently, overall revenues are not sufficient to sustain our operations.  The Pandemic has had a dramatic effect on our business as well as the business of our customers.  The wide-ranging effects on the world wide business market has led to a general reluctance for businesses to move forward with entering into major commitments until their future markets have been clarified. Because of this, we have experienced a significant slowdown in the size and number of orders received and, while we cannot predict when the influence of the Pandemic will end, we expect that orders will return to their former levels and increase throughout the remainder of 2021 following a return to normal business operations.  Following a return to normal business operations in the world, management anticipates that revenues will increase as we continue to execute our long-term business plan and cultivate larger customer bases with our existing product offering. However, until the Pandemic ends and a long-term production contract is in place there is no guarantee that our current customer base will order in sufficient volumes to sustain our operations. Therefore, management continues to work with larger companies and industries and is hopeful that in the near future we will sign a long-term licensing or manufacturing contract.
Content analysis
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H.S. freshman Avg
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