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M*Modal posts $7.93 million net loss for June period on zero revenue
By Kali Hays
New York, July 28 – M*Modal Inc. reported a $7.93 million net loss for June on zero net revenue, according to its monthly operating report filed July 25 with the U.S. Bankruptcy Court for the Southern District of New York.
Those numbers compare to a $10.21 million loss in May, also on zero net revenue.
The company also reported unrestricted cash and equivalents of $4.46 million as of June 30, increasing from $90,427 at the end of May.
M*Modal, a Franklin, Tenn.-based provider of clinical documentation services, filed for bankruptcy on March 20. The Chapter 11 case number is 14-10701.
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