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Published on 5/20/2015 in the Prospect News Distressed Debt Daily.

KiOR posts April operational loss of $3.21 million with zero revenue

By Kali Hays

New York, May 20 – KiOR, Inc. marked a $3.21 million loss from operations in April on zero revenue, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

For March, the company reported a $3.38 million loss from operations, also on zero revenue.

KiOR’s net loss in April was $3.28 million, improving slightly from $3.44 million in March.

The company had $133,819 in cash and cash equivalents as of April 30, dropping from $1.29 million as of March 31.

KiOR is a Pasadena, Texas-based development-stage, next-generation renewable fuels company that filed for bankruptcy on Nov. 10, 2014. The Chapter 11 case number is 14-12514.


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