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KiOR marks operational loss of $3.17 million, zero revenue in January
By Kali Hays
New York, Feb. 20 – KiOR, Inc. reported a $3.17 loss from operations for January on zero revenue, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, the company posted an operational loss of $3.85 million in December, also on zero revenue.
KiOR’s net loss in January was $3.19 million, a slight improvement from a $3.86 million net loss in December.
The company also had $509,619 in cash and equivalents as of Jan. 31, almost unchanged from $509,848 at the end of December.
KiOR is a Pasadena, Texas-based development-stage, next-generation renewable fuels company that filed for bankruptcy on Nov. 10. The Chapter 11 case number is 14-12514.
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