| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers G > Headlines for GT Advanced Technologies Inc. > News item |
GT Advanced sees $7.38 million operating income for Jan. 1 to Feb. 6
By Caroline Salls
Pittsburgh, Feb. 29 – GT Advanced Technologies, Inc. showed $7.38 million of income from operations for the period of Jan. 1 through Feb. 6 on $16.93 million in revenue, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of New Hampshire.
In comparison, the company posted $1.85 million of income from operations for the period of Nov. 29 through Dec. 31 on $32.2 million in revenue.
GT’s net income for the January period was $4.83 million, compared with a $10.34 million net loss for the December period.
The company also had $46.14 million in cash and cash equivalents as of Feb. 6, down from $52.38 million at Dec. 31.
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.
© 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.