Can ImageWare Systems, Inc. (OTCMKTS:IWSY) Hold Its Ground

[[tagnumber 0]][[tagnumber 1]]ImageWare Systems, Inc. (OTCMKTS:IWSY) had a great session last Friday when it added a decent 15.79% to its value after some optimistic press releases. The ticker also managed to start this week in the green as it closed 4.55% up in yesterday’s session on a $1.15 million dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]As we wrote in our previous article, however, it was time for the quarterly report of which the company had informed the SEC that it will be filing it late. It finally came in yesterday and we are not quite sure that [[tagnumber 6]]IWSY [[tagnumber 7]]will continue its upward run when we look at the balance sheet and the numbers of prime interest for the third quarter of the year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $488 thousand[[tagnumber 13]] [[tagnumber 12]]current assets: $1.84 million[[tagnumber 13]] [[tagnumber 12]]total assets: $5.67 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $3.47 million[[tagnumber 13]] [[tagnumber 12]]total liabilities: $4.51 million[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $919 thousand[[tagnumber 13]] [[tagnumber 12]]quarterly net loss: $2.24 million[[tagnumber 13]] [[tagnumber 26]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Not only have two thirds of the cash on hand that [[tagnumber 6]]IWSY [[tagnumber 7]]has obliterated when compared to the Q2 report, but the liabilities have also risen significantly. All that, while we see a reduction of over 50% in the generated revenues for the same period last year, while the company has turned out at a significant loss instead of profit.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]There are, indeed some optimistic developments in the months that are not covered by the report, but these results will surely have an impact on the company stock. In fact, as of the writing of this article [[tagnumber 6]]IWSY [[tagnumber 7]]is 13.04% down from yesterday’s close, sitting at $2 per share.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Will it drop further down or return to its upward course is for time to tell. Until then be sure to do your due diligence and weigh out the risks before making any investment decisions.[[tagnumber 2]]