Blue Earth, Inc. (OTCMKTS:BBLU) Dives Deeper
The past month wasn’t good for the stock of Blue Earth, Inc. (OTCMKTS:BBLU) and the ticker is still sliding down in price after the Q3 report the company filed in mid-November, which showed some big losses.
Despite the impressive numbers that BBLU listed as assets and revenues, we can’t fail to notice that they are doing way worse when it comes to spending compared to last year. Below, you can check the numbers of prime interest contained in their latest report.
- cash: $1.9 millions
- current assets: $11 million
- total assets: $77 million
- total current liabilities: $5.49 million
- revenues: $2.69 million
- net loss: $5 million
Indeed, the company revenues for the quarterly period ending September 30 have increased by 58% compared to 2012, but the net loss has grown by a whopping 212%. Another disturbing fact is that the general and administrative expenses of the company have grown by 118% and as stated in the report, are expected to get even bigger with the expansion of the business.
This is the probable reason for which the company stock has lost so much of its value lately. The ticker dropped below the $3 mark right before the filing of their report and with such numbers it was destined to go even lower.
By now the loss has amounted to 27% and BBLU is being traded at $2.18 per share at the moment. This is the price after the bad start of the week for the company stock in which it lost 12.45% of its value, while 248 thousand shares switched hands and generated $563 thousand in dollar volume.
There is still optimism considering the company registered a 450% increase in total assets since December 31, 2012, mainly in the form of construction in progress and contracts and franchise. With the lack of positive PR, however, the stock may continue to dig deeper and even go below $2 per share.
In any case, be sure to do a lot of due diligence and weigh out the risks if you have thoughts of investing in BBLU, because it is yet to prove itself as being able to operate at a profit.
Sollensys Corp. (OTCMKTS:SOLS) also had a bad start of the week as the company stock dropped a whopping 32.86% in value yesterday. Marani Brands, Inc. (OTCMKTS:MRIB) on the other gained an astounding 54% on a decent volume of traded stock that generated $380 thousand in trade value.
