Glacial Energy net income slides to $9,303 in January; revenue climbs

By Caroline Salls

Pittsburgh, April 6 – Glacial Energy Holdings, Inc. reported $9,303 of net income for January on $1.37 million of revenue, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, Glacial Energy posted $29,369 in net income for December on $114,117 of revenue.

The company had $74,891 of cash as of Jan. 31, down from $199,930 at the end of December.

Glacial Energy, a Sandwich, Mass.-based electricity and natural gas company, filed for bankruptcy on April 10, 2014. The Chapter 11 case number is 14-10833.

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