Looks like the chart position of Ecosphere Technologies, Inc. (OTC:ESPH) is not that stable these days. After a price jump on ESPH_chart4.pngThursday, last Friday the stock lost approximately 11%, while its traded volume flew up. So, what’s next for today?

Last week, ESPH stated that for fiscal 2012 it was expecting its total revenue to rise approximately 33% to around $28 million and an operating income that will be approximately at break-even.

On the day when the optimistic news was reported, the stock price of Ecosphere jumped up, though on the next day it was back down.

The press release was issued on March 8 and announced the company’s financial results for the fourth quarter and fiscal year ended December 31, 2011. According to it, for the first time in its history ESPH reported positive annual operating cash flow and increased revenue as compared to the year before.[BANNER]

Ecosphere_logo.pngIn addition, Ecosphere pointed out their licensing agreement with Hydrozonix as a pivotal event for 2011. The agreement commits them to purchase a minimum of sixteen EF80s over the initial two years to maintain their exclusivity, which should yield at least $44 million in revenue to ESPH. Though, this revenue is just a projection yet.

Meanwhile, the company’s net loss for 2011 was $5.9 million, and the net loss attributable to common shareholders totaled $7.7, which reflected the net loss plus the payment of preferred stock dividends, as well as the net income applicable to the non-controlling interest in the consolidated subsidiary of ESPH, Ecosphere Energy Services LLC.