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GT Advanced reports $6.33 million loss for Aug. 30 to Sept. 26 period
By Mark Reccek
Bethlehem, Pa., Oct. 30 – GT Advanced Technologies, Inc. showed a $6.33 million loss from operations for the period of Aug. 30 to Sept. 26 on $1.04 million in revenue, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of New Hampshire.
For August, the company posted a $4.59 million loss from operations on $2.57 million in revenue.
GT’s net loss for the September period was $9.93 million, up from a net loss of $8.93 million for the August period.
The company also had $111.43 million in cash and cash equivalents as of Sept. 26, down from $118.89 million at Aug. 29.
Merrimack, N.H.-based GT Advanced Technologies is a provider of equipment and services that support the growth of the solar and LED industries. The company filed for bankruptcy on Oct. 6, 2014 under Chapter 11 case number 14-11916.
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