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Eco Petroleum Solutions Inc (EPSI) is a public company that is engaged in the business of re-refining and recycling of used lubricating oils and wastewater treatment. The company's stock is traded on the OTC Markets Group's OTCQB marketplace under the ticker symbol "EMWW."
Here is some general information about the company, with a focus on its financials and growth:
Historical Financials:
* For the year ended December 31, 2020, EPSI reported total revenues of approximately $1.8 million, compared to $1.5 million in the previous year.
* The company's gross profit for 2020 was approximately $434,000, compared to $342,000 in 2019.
* As of December 31, 2020, EPSI had total assets of approximately $4.3 million and total liabilities of approximately $1.5 million.
Earnings:
* For the year ended December 31, 2020, EPSI reported a net loss of approximately $487,000, or $(0.02) per share, compared to a net loss of $538,000, or $(0.03) per share, in 2019.
Growth:
* EPSI has been focusing on expanding its operations through strategic acquisitions and partnerships. In 2020, the company acquired the assets of Coast Environmental Services, Inc., which added wastewater treatment capabilities to EPSI's existing re-refining and recycling operations.
* The company has also been investing in research and development to improve its processes and increase efficiency.
It is important to note that investing in the stock market always carries risks and it is important to conduct your own research and consider seeking advice from a financial advisor or broker before making any investment decisions.