Pareteum reports $4.22 million loss from operations for June

By Sarah Lizee

Olympia, Wash., July 27 – Pareteum Corp. reported a $4.22 million loss from operations for June, according to its monthly operating report filed with the U.S. Bankruptcy Court for the Southern District of New York.

The net loss for the period was $5.44 million.

The cash balance at the end of the month was $3.92 million.

New York-based Pareteum is a cloud communications platform-as-a-service company. The company filed bankruptcy on May 15 under Chapter 11 case number 22-10615.

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