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Exide Technologies posts $7.25 million loss from operations in April
By Kali Hays
New York, May 21 - Exide Technologies, Inc. reported a $7.25 million loss from operations for April on net sales of $92.43 million, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.
Those numbers compare to $3.01 million of operating income on net sales of $88.64 million for March.
The net loss for April was $22.05 million, an increase from $15.65 million in March.
The company also reported cash and cash equivalents of $12.79 million as of April 30, down from $17.35 million as of March 31.
Exide Technologies, a Milton, Ga.-based maker and recycler of lead-acid batteries, filed for bankruptcy on June 10, 2013. Its Chapter 11 case number is 13-11482.
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