USEC reports $11.61 million May net loss on $6.74 million in revenue

By Caroline Salls

Pittsburgh, June 30 – USEC Inc. reported an $11.61 million net loss for May on $6.74 million in revenue, according to its monthly operating report filed June 30 with the U.S. Bankruptcy Court for the District of Delaware.

Those numbers compare to a $10.53 million net loss posted for April on zero revenue.

The company also reported cash and cash equivalents of $4.3 million as of May 31, down from $14.7 million at the end of April.

USEC, a Bethesda, Md.-based supplier of nuclear fuel and advanced technology services, filed for bankruptcy on March 5 in the U.S. Bankruptcy Court for the District of Delaware. The Chapter 11 case number is 14-10475.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.