Renovate America posts $2.31 million loss from operations for August

By Sarah Lizee

Olympia, Wash., Sept. 29 – Renovate America, Inc. reported a $2.31 million loss from operations on $24,218 of total operating revenues for the August period, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, the company reported a $718,436 loss from operations on $28,678 of total operating revenues for the July period.

The net loss for the August period was $2.31 million, compared to a $718,436 net loss for July.

The company listed $1.82 million of unrestricted cash and equivalents as of Aug. 31, compared to $2.42 million at the end of July.

Renovate America is a San Diego-based provider of financing solutions for environmentally friendly home improvement projects. The company filed bankruptcy on Dec. 21, 2020 under Chapter 11 case number 20-13172.

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