Converted Organics Inc. (NASDAQ:COIN)
About Converted Organics Inc. (NASDAQ:COIN) Converted Organics Inc. (Converted Organics) operates processing facilities that use food waste and other raw materials to manufacture all-natural fertilizer and soil amendment products combining nutritional and diseasesuppression characteristics. In addition to its sales in the agribusinessmarket, it sells and distributes its products in the turf management and retail markets. Operations at the Woodbridge facility processes solid waste and are producing both liquid and dry fertilizer and soil improvement products. A facility in Gonzales is an operational and produces liquid fertilizer products (the Gonzales facility). The facility produces at approximately 60% of potential production capacity to accommodate sales demand. In November 2010, the Company acquired 95% interest in TerraSphere Systems, LLC.
52 week range
$0.30 - $1.27
Financials Converted Organics Inc. (NASDAQ:COIN) generated current quarterly total revenue of $0.81 million that are slightly less than last quarter closing that was $1.96 million. But it has been observed that despite of lower revenue compared to last quarter company’s current EPSof present quarter is higher than last quarter’s EPS. The company’s cash flow from operation stood at negative $10.13 million contrasted to last quarter’s cash flow from operation which was placed at negative $8.82 million Total assets of company mount up to $9.19 million as of 30th September, 2010 that is .66.81 percent lower than last quarter ending quarter. Company is maintaining lowest level of liquidity ratios and currently current ratio stands at o.52 times. The company’s total equity is also gradually decreasing which depicts that company is going to have some funding liquidity problems and fewer funds would be available to invest in future profitable opportunities.
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About Converted Organics Inc. (NASDAQ:COIN) Converted Organics Inc. (NASDAQ:COIN) Converted Organics Inc. (NASDAQ:COIN) generated current qu...