Blue Sphere Corp (BLSP)

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Never know about these OTC companies. One quarter they make $100 million, next they lose $500 million

Summary of Profit/Loss Positions for BLSP Subsidiaries (2020-2024)Blue Sphere Corp. (BLSP) has not filed comprehensive SEC reports since 2018, limiting consolidated subsidiary data. Individual financials for its key Italian biogas subsidiaries (under Bluesphere Pavia S.r.l.) are sourced from Italian business registries (e.g., FatturatoItalia.it), but coverage is incomplete—only 2023-2024 data is publicly available for most, with 2020-2022 masked or absent due to privacy thresholds. Earlier projections (2015 acquisition) estimated €8.4M combined annual revenue, but actuals show declines and consistent losses, likely from operational costs, debt, and market shifts. No data found for non-Italian subsidiaries (e.g., Eastern Sphere Ltd., Binosphere Inc.). All figures in €; "N/A" indicates unavailable.Subsidiary
Description
2020
2021
2022
2023
2024
AGRICERERE S.r.l.
Biogas plant (Tromello, Pavia; 999 kW)
N/A (no data)
N/A
N/A
N/A
Revenue: €1,766,320
Loss: €-829,385
AGRIELEKTRA S.r.l.
Biogas plant (Alagna, Pavia; 999 kW)
N/A
N/A
N/A
Revenue: €1,559,403
Loss: €-596,062
Revenue: €1,254,190
Loss: €-1,267,318
AGRISORSE S.r.l.
Biogas plant (Garlasco, Pavia; 999 kW)
N/A
N/A
N/A
Revenue: €1,739,162
Loss: €-518,818
Revenue: €1,620,516
Loss: €-1,035,417
GEFA S.r.l.
Biogas plant (Dorno, Pavia; 999 kW)
N/A
N/A
N/A
N/A
Revenue: €0
Profit: €0 (dormant)
Bluesphere Pavia S.r.l. (Holding)
Oversees Italian biogas ops
N/A (no data for all years)
N/A
N/A
N/A
N/A

Key Trends: Combined 2023 revenue ~€3.3M (down from 2015 est.); 2024 ~€4.6M but with escalating losses (€-2.6M total). No profits in available years; subsidiaries appear cash-flow negative, possibly subsidized by Helios loans. Full details require paid Italian registry access.