Raser Technologies posts $1.46 million May net loss, $380,055 in sales

By Caroline Salls

Pittsburgh, June 29 - Raser Technologies, Inc. reported a $1.46 million net loss for May on $380,055 in revenues, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

The company had $334,901 in unrestricted cash at May 31.

Provo, Utah-based Raser is a technology licensing and development company focused on geothermal power generation. The company filed for bankruptcy on April 29, and its Chapter 11 case number is 11-11315.

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