| Address:
|
137A LEWIS WHARF
|
| City: |
BOSTON |
|
State: |
MA |
|
Zip Code: |
02110 |
| Telephone: |
617 624 0111 |
|
Description of Business
|
Primary SIC Code:
2870 |
| (As filed with the SEC)
|
|
|
Converted Organics Inc. ("Converted Organics", "we", "us", "our", or the
"Company") utilizes innovative clean technologies to establish and operate
environmentally friendly businesses. We are dedicated to creating a cleaner,
greener future, and we operate using sustainable business practices that support
this vision.
Converted Organics currently operates in three business areas: Organic
Fertilizer, Industrial Wastewater Treatment, and Vertical Farming.
Organic Fertilizer. The Company operates a processing facility that converts
food waste and other feedstock into all-natural fertilizers, biostimulants, and
soil amendment products. Using these products allows agricultural businesses,
lawn care professionals, and home gardeners to grow healthier crops while
simultaneously supporting the recycling of food waste.
Industrial Wastewater Treatment. ... More ... |
| Date |
12-mos
Rolling EPS |
Dividend |
P/E
Ratio |
| 03/2011 | -0.24 | NA | N/E | | 12/2010 | -0.34 | NA | N/E | | 09/2010 | -0.93 | NA | N/E | | 06/2010 | -0.74 | NA | N/E | | 03/2010 | -0.76 | NA | N/E | | 12/2009 | -1.08 | NA | N/E | | 09/2009 | -1.52 | NA | N/E | | 06/2009 | -1.80 | NA | N/E |
Key Financial Ratios and Statistics |
FYE:
12/31 |
| Profitability |
2010 |
Leverage |
2010 |
| Net Inc/Comm Equity | -0.59 | Total Liab/Total Assets | 0.87 | | Net Inc/Total Assets | -2.57 | Total Liab/Inv Cap | 21.12 | | Net Inc/Inv Cap | -62.70 | Total Liab/Comm Equity | 0.20 | | Pretax Inc/Net Sales | -4.55 | Interest Coverage Ratio | -8.29 | | Net Inc/Net Sales | -14.34 | Curr Debt/Equity | 2.24 | | Cash Flow/Net Sales | -3.26 | LTD/Equity | 1.33 | | SG&A/NetSales | 4.15 | Total Debt/Equity | 3.58 |
| Asset Utilization
|
|
Liquidity |
|
| Net Receivables Turnover | 10.67 | Quick Ratio | 0.32 | | Inventory Turnover | 16.66 | Current Ratio | 0.33 | | Inventory Day Sales | 0.05 | Net Rec/Curr Assets | 0.14 | | Net Sales/Work Cap | -0.41 | Inv/Curr Assets | 0.03 | | Net Sales/PP&E | 2.39 | | |
Income Statement (Millions) |
| |
3/31/2011
|
12/31/2010
|
9/30/2010
|
6/30/2010
|
|
Total Revenues(Net Sales)
|
0.74
|
0.76
|
0.08
|
1.97
|
|
Cost of Goods Sold
|
0.50
|
0.50
|
-3.18
|
4.64
|
|
Selling & Admin Exps
|
2.32
|
4.21
|
3.83
|
2.74
|
|
Operating Income
|
-2.32
|
-4.22
|
-0.64
|
-5.58
|
|
Interest Exp
|
2.27
|
1.71
|
-0.77
|
0.78
|
|
Pretax Income
|
-1.80
|
-7.13
|
0.80
|
-5.23
|
|
Other Income
|
2.79
|
-1.20
|
0.67
|
1.13
|
|
Net Income Bef Extraordinary ...
|
NA
|
NA
|
NA
|
NA
|
|
Net Income
|
-1.74
|
-18.94
|
-21.91
|
-3.33
|
|
Assets
|
3/31/2011
|
12/31/2010
|
9/30/2010
|
6/30/2010
|
|
Cash & Short Term Investments
|
0.82
|
3.04
|
1.10
|
2.64
|
|
Receivables - Total
|
0.61
|
0.58
|
0.41
|
1.07
|
|
Inventories - Total
|
0.34
|
0.13
|
0.11
|
0.21
|
|
Total Current Assets
|
2.39
|
4.29
|
4.27
|
5.28
|
|
Net Property, Plant & Equipment
|
3.16
|
1.48
|
1.03
|
18.42
|
|
Total Assets
|
19.20
|
19.64
|
9.19
|
27.69
|
|
Liabilities
|
|
|
|
|
|
Accounts Payable
|
3.50
|
3.12
|
2.03
|
3.83
|
|
Debt in Current Liabilities
|
4.16
|
5.86
|
0.00
|
1.99
|
|
Total Current Liabilities
|
9.99
|
12.98
|
8.07
|
5.82
|
|
Long-Term Debt
|
3.04
|
3.48
|
1.43
|
19.72
|
|
Total Liabilities
|
13.54
|
17.03
|
27.04
|
25.54
|
|
Stockholder's Equity
|
|
|
|
|
|
Minority Interest
|
0.51
|
0.58
|
NA
|
NA
|
|
Preferred Stock
|
17.50
|
17.50
|
0.00
|
0.00
|
|
Common Stock
|
0.01
|
0.01
|
0.00
|
0.00
|
|
Retained Earnings
|
-102.19
|
-100.45
|
-81.51
|
-59.60
|
|
Treasury Stock
|
NA
|
NA
|
NA
|
NA
|
|
Total Stockholders' Equity
|
5.66
|
2.61
|
-17.84
|
2.15
|
|
Total Liabilities and Stockholders' Equity
|
19.20
|
19.64
|
9.19
|
27.69
|
Cash Flow Summary (Millions) |
|
Categories
|
3/31/2011
|
12/31/2010
|
9/30/2010
|
6/30/2010
|
|
Net Cash Provided by Operating Activities
|
-2.26
|
-1.37
|
-1.31
|
-3.20
|
|
Net Cash Provided by Investing Activities
|
-0.74
|
0.50
|
-0.08
|
-0.81
|
|
Net Cash Provided by Financing Activities
|
0.80
|
3.43
|
-0.17
|
1.95
|
Annual Summary Data (Millions) |
| Year |
Sales |
Net
Income |
EPS |
| 12/2006 | 0.00 | -3.73 | -- | | 12/2007 | 0.00 | -4.08 | -0.97 | | 12/2008 | 1.55 | -16.18 | -2.70 | | 12/2009 | 2.14 | -21.11 | -1.08 | | 12/2010 | 3.53 | -50.56 | -0.34 | | Growth Rates | Infinity | -- | -- |
| Type |
Date(Q,M) |
No.
Owners |
Shares
Held (000s) |
%
Own |
| Institutional | 06/30/11 | 16 | 525 | 0.48 |
|
Report Date :
7/11/2011
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