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KiOR marks $3.38 million loss from operations for month ended March 31
By Caroline Salls
Pittsburgh, April 21 – KiOR, Inc. reported a $3.38 million loss from operations for March on zero revenue, according to its monthly operating report filed April 20 with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, the company posted a $3.52 million loss from operations in February, also on zero revenue.
KiOR’s net loss in March was $3.44 million, narrowing from a $3.55 million February net loss.
The company had $1.29 million in cash and cash equivalents as of March 31, up from $297,840 at the end of February.
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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