From $0.52 to $0.59 per share – not a bad week for Ecosphere Technologies Inc.(OTC:ESPH). On the other hand, despite the positive news, the stock still gravitates in its usual levels. The last time real significant rise took place was in March, but it did not take long for the free fall to follow. In terms, it is hard to say whether this time a recovery is coming, or just another jump and slump on the stock market. 
So, as mentioned, Ecosphere is in Artemis Top50. This is the news at hand this week. The truth of the matter is, however, that the company was included in the Top50 for 2010 as well. Since then, much has happened, yet the balance sheet is still a long way from becoming a source for optimism and inspiration. For example, the 10K for 2010 was given a press release by the company in order to celebrate the more than 400% increase in revenue on an annual basis. What was not mentioned is the bottom line number, was the net loss which also increased. For last year, it comes to $22,2 million.
Luckily, the first quarterly results for this year are also out. They came out and could have been a sign that this company is going the extra mile. Yet, it all comes down to:
- revenues – $2.2 million;
- net loss – $3,7 million;
- total current assets of $3,4 million;
- total current liabilities of $7,4 million; [BANNER]
Basically, it is a less than 10% increase in the revenues, a continuing loss from operations in the millions, and liabilities still double the value of assets. Which is very far away from what some shareholders might hope for. Otherwise, unlike many other penny stock enterprises, in this case there is a real product at hand, proved concept and a broad market share to explore. It is best described by the CEO of the company in a recent presentation.
Yet, until a real improvement in financial figures is a fact, uncertainty will prevail on the stock market for this company.
