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SiO2 Medical reports $12.28 million net loss for May
By Sarah Lizee
Olympia, Wash., July 10 – SiO2 Medical Products, Inc. reported a $12.28 million net loss for May on $2.1 million of gross income/sales, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.
To compare, the company reported an $11.2 million net loss for April on $2.74 million of gross income/sales.
The cash balance at the end of May was $9.17 million, down from $13.1 million at the end of April.
The Auburn, Ala.-based company creates and manufactures engineered primary packaging container components for the pharmaceutical and biotechnology industry. The company filed bankruptcy on March 29 under Chapter 11 case number 23-10366.
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