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Valence Technology reports $727,704 net loss for month ended Nov. 30
By Caroline Salls
Pittsburgh, Dec. 20 - Valence Technology, Inc. reported a $727,704 net loss for November on $2.32 million in revenues, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Western District of Texas.
In comparison, Valence posted a $516,270 net loss for October on $2.23 million in revenues.
The company had $815,642 in cash at Nov. 30, down from $985,993 at the end of October.
Austin, Texas-based Valence Technology is a developer of lithium-ion batteries. The company filed for bankruptcy on July 12. The Chapter 11 case number is 12-11580.
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