ECOtality posts $269,917 net loss for month ended May 31, zero revenue

By Caroline Salls

Pittsburgh, June 16 – ECOtality, Inc. reported a net loss of $269,917 for May on zero revenue, according to its monthly operating report filed Monday with the Securities and Exchange Commission.

In comparison, ECOtality reported a $224,348 net loss for April, also on zero revenue.

The company also reported $500,811 of unrestricted cash as of May 31, down from $820,284 at the end of April.

ECOtality, a renewable energy company based in San Francisco, filed for bankruptcy on Sept. 16, 2013 in the U.S. Bankruptcy Court for the District of Arizona. The Chapter 11 case number is 13-16126.

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