Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers P > Headlines for Proterra Inc. > News item |
Proterra debtor reports $23.09 million September loss from operations
By Sarah Lizee
Olympia, Wash., Oct. 25 – Proterra Inc. debtor Proterra Operating Co., Inc. reported a $23.09 million loss from operations on $14.67 million of total net revenue for September, according to a monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.
To compare, the debtor reported a $9.26 million loss from operations on $21.4 million of total net revenue for August.
The net loss for the September period was $36.42 million, compared to a net gain of $70.63 million in August.
The debtor listed $112.76 million in cash and cash equivalents at the end of September, up from $34.23 million at the end of August.
Burlingame, Calif.-based Proterra designs and manufactures zero-emission electric transit vehicles and EV technology solutions for commercial applications. The company filed bankruptcy on Aug. 7 under Chapter 11 case number 23-11120.
© 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.