Imageware Systems Inc (OTCMKTS:IWSY) Staying Level

[[tagnumber 0]][[tagnumber 1]]Imageware Systems Inc (OTCMKTS:IWSY) somehow managed to make an upward run in the end of February and climb well above the $1 per share mark after showing some signs that it might begin riding below it for some time.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The company has managed to keep its rather large market cap, most likely due to the fact that [[tagnumber 6]]IWSY[[tagnumber 7]] just keeps issuing optimistic press releases. Meanwhile, the financial report for the first quarter of this year was published and it contained the following numbers of primer interest in its balance sheet.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $1.1 million[[tagnumber 13]] [[tagnumber 12]]current assets: $1.63 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $2.15 million[[tagnumber 13]] [[tagnumber 12]]quarterly revenues: $1 million[[tagnumber 13]] [[tagnumber 12]]quarterly net loss: $2.27 million[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]These numbers show little change in the performance of [[tagnumber 6]]IWSY.[[tagnumber 7]] The company has kept the revenues where they were in the previous quarter, while the net loss has slightly increased. There is, however, a significant decrease in the cash reserves of the company.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Still, the market cap of more than $120 million doesn’t seem to bother investors all that much. After a slight drop last week we saw the ticker stabilize. [[tagnumber 6]]IWSY[[tagnumber 7]] moved absolutely nowhere in Friday’s and Monday’s sessions and stayed leveled at $1.29 per share.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]We see its attempts at climbing higher in the beginning of today’s trading, but you should still be certain to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]