ECOtality net loss shrinks to $975,303 in November; revenue increases

By Caroline Salls

Pittsburgh, Dec. 23 - ECOtality, Inc. reported a $975,303 net loss for November on $111,414 in revenue, according to its monthly operating report filed Monday with the Securities and Exchange Commission.

Those figures showed improvement over the $1.8 million net loss posted for October on $35,164 in revenue.

The company had $3.31 million in unrestricted cash as of Nov. 30, down from $3.5 million at the end of October.

ECOtality, a renewable energy company based in San Francisco, filed bankruptcy on Sept. 16 in the U.S. Bankruptcy Court for the District of Arizona. The Chapter 11 case number is 13-16126.

© 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.