Time for results, time for the second quarterly statement of Ecosphere Technologies Inc.(OTC:ESPH). This week, the 10-Q is here and there is some increased trading activity, but the most important question still seeks its answer – will this be the end of the free fall of the stock price? 
For months now, this stock has been going down the road, despite news, announcement and other catalysts for increased trading activity. Yesterday, on the other hand, there was a modest increase, the session closing at $0.44 per share. There has been some after hours activity as well, the total trading volume for the day coming up to 387k shares changing hands.
The very 10-Q report is actually an interesting source of information. It came out on Tuesday, followed by a press release to announce it on Wednesday. Among other figures, it includes the following:
- $439k in cash;
- $1.6 million in total current assets;
- $9.1 million in total current liabilities;
- $115 million in accumulated deficit;
- $2.3 million in revenues;
- $1.5 million in net loss;
Depending on the side one chooses for comparison, different conclusions can be drawn after browsing through the above document. On one hand, revenues have increased compared to the same period last year. Compared to the first quarter this year, the results are also slightly more positive for the last 3 months. The net loss, however, is not to go overlooked. While during April-June 2010 the net income amounted $4.8 million, April-June this year has above $1.5 million in net loss to show for. Indeed, interesting figures, subject to interpretation through different angles. [BANNER]
Having this in mind, it seems like uncertainty is not to be pushed away after issuing the 10-Q. This stock is not in its all-time low price levels now, yet it is near them. Whether they would be reached by the end of 2011, or sustainable growth would instead guide the stock performance, it is yet to see.
