Lucira Health reports $23.25 million net profit for April

By Sarah Lizee

Olympia, Wash., May 24 – Lucira Health, Inc. reported a $23.25 million net profit for April on $1.21 million of gross income/sales, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

To compare, the company reported a $5.73 million net loss for March on $3.06 million of gross income/sales.

The cash balance at the end of April was $11.83 million, up from $5.82 million at the end of March.

As previously reported, the company closed the sale of its assets to Pfizer Inc. last month. Lucira took in about $17.87 million of proceeds from the sale.

Lucira is a medical technology company based in Emeryville, Calif. The company filed bankruptcy on Feb. 22 under Chapter 11 case number 23-10242.

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