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USEC reports $11.61 million May net loss on $6.74 million in revenue
By Caroline Salls
Pittsburgh, June 30 – USEC Inc. reported an $11.61 million net loss for May on $6.74 million in revenue, according to its monthly operating report filed June 30 with the U.S. Bankruptcy Court for the District of Delaware.
Those numbers compare to a $10.53 million net loss posted for April on zero revenue.
The company also reported cash and cash equivalents of $4.3 million as of May 31, down from $14.7 million at the end of April.
USEC, a Bethesda, Md.-based supplier of nuclear fuel and advanced technology services, filed for bankruptcy on March 5 in the U.S. Bankruptcy Court for the District of Delaware. The Chapter 11 case number is 14-10475.
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