ECO SCIENCE SOLUTIONS Reports First Revenue of $253, Narrows Q1 Loss to $0.01/Share
ESSI has more than doubled off its 52-week low of $0.02.
Summary
ECO SCIENCE SOLUTIONS reported its first-ever revenue of $253 for the quarter, with its Herbo Pay platform beginning limited commercial operations. The company also significantly narrowed its net loss to ($0.01) per share, an improvement from ($0.13) in the prior-year quarter. This news follows the 10-Q filed minutes earlier, which detailed a critically low cash balance, a defaulted $350,000 note, and substantial doubt about the company's ability to continue as a going concern. While the revenue generation and reduced loss are positive steps, the overall financial position remains highly precarious.
At the time of this announcement, ESSI was trading at $0.05 on OTC in the Technology sector, with a market capitalization of approximately $6.2M. The 52-week trading range was $0.02 to $1.70. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Wiseek News.