Windswept Environmental Systems, Inc. (fka WEGI)

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I also noticed Revenues and Gross profits are down SHARPLY in the most recent filing >

http://www.sec.gov/Archives/edgar/data/814915/000114420407027666/v076122_10q.htm

Nine-months ended March 31, 2007 and thirty-nine weeks ended March 28, 2006

Revenue
Total revenues for the nine months ended March 31, 2007 decreased by $22,520,376, or 74.8%, to $7,571,851 from $30,092,227 for the thirty-nine weeks ended March 28, 2006. This decrease was primarily attributable to $20,842,104 of revenues in the thirty-nine weeks ended March 28, 2006 from work relating to Hurricane Katrina and Hurricane Wilma, as compared to no hurricane-related work in the recent nine-month period, a decrease of $248,939 in spill-related work and a decrease of $1,960,641 in asbestos, lead and mold work. This decrease was partially offset by a $324,495 increase in training and air monitoring work.


Gross Profit
Gross profit decreased by $13,697,045, or 99.7%, to $40,259, or 0.5% of total revenues, for the nine months ended March 31, 2007, as compared to $13,737,304, or 45.7%, of total revenues for the thirty-nine weeks ended March 28, 2006. This decrease in gross profit was due primarily to the factors described above in relation to the substantial decrease in our revenue offset in part by a lower decrease in our cost of revenues.

Three months ended March 31, 2007 and thirteen weeks ended March 28, 2006

Revenue
Total revenues for the three months ended March 31, 2007 decreased by $4,148,964, or 57.5%, to $3,064,582 from $7,213,546 for the thirteen weeks ended March 28, 2006. This decrease in revenue was primarily attributable to a decrease of $3,406,132 in our emergency, disaster response and remediation work (e.g. hurricane-related work) and a decrease of $770,105 in emergency spills and soil remediation work. During the thirteen weeks ended March 28, 2006, we realized significant revenues from the services that we provided in the Gulf Region in the aftermath of Hurricanes Katrina and Wilma. In contrast, there was no hurricane work during the most recent quarter, which adversely affected revenue levels. The decrease in the quarter ended March 31, 2007 from the comparable year ago period in emergency spills and soil remediation work was due to the mild winter in the northeast which resulted in fewer such fuel spills. These decreases were partially offset by a $98,628 increase in training and air monitoring work.

Gross Profit
Gross profit decreased by $2,903,314, or 84.5%, to a profit of $531,289, or 17.3% of total revenues, for the three months ended March 31, 2007, as compared to a gross profit of $3,434,603, or 47.6% of total revenues, for the thirteen weeks ended March 28, 2006. This decrease in gross profit was due primarily to the factors described above in relation to the substantial decrease in our revenue offset in part by a decrease in our cost of revenues.