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KiOR shows February operational loss of $3.52 million; zero revenue
By Kali Hays
New York, March 20 – KiOR, Inc. reported a $3.52 million loss from operations in February on zero revenue, according to its monthly operating report filed March 20 with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, the company posted an operational loss of $3.17 million in January, also on zero revenue.
KiOR’s net loss in February was $3.55 million, increasing from a net loss of $3.19 million in January.
The company also had $297,840 in cash and cash equivalents as of Feb. 28, down from $509,619 at the end of January.
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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