So, as the press release goes – “The Wall Street Journal Identifies Ecosphere Technologies as a Dominant Water Treatment Provider to the Shale Gas Industry.” A company with a technology used on a number of places. One press release yesterday, one today. The thing is, after reading this a person might wonder – if it is like that why does the balance sheet look like that, in the last 10-Q in particular? 
Indeed, a financial statement that hardly had any positive effect on the stock market once issued. Among other figures, it includes the following:
- $439k in cash;
- $1.6 million in total current assets;
- $9.1 in total current liabilities;
- $115 million in accumulated deficit;
- $2.3 million in revenues;
- $1.5 million in net loss; [BANNER]
Data for the second quarter of 2011, data for a “dominant player”, as the press release mentions. As mentioned, far from inspiring. Yet, not a sign that the company is doomed. There is also the possibility that real results are yet to come. In this aspect, if the next 10-Q that should be released in a few months finally includes improving figures, then a real reverse of the negative stock market trend is also possible. If not, however, uncertainty is to prevail as it does at the present moment.
