Valence Technology reports $391,926 net loss for month ended Aug. 31

By Caroline Salls

Pittsburgh, Sept. 20 - Valence Technology, Inc. reported a $391,926 net loss for August on $3.13 million of revenues, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Western District of Texas.

The company had $830,972 in cash at Aug. 31.

Austin, Texas-based Valence Technology, a developer of lithium-ion batteries, filed for bankruptcy on July 12. The Chapter 11 case number is 12-11580.

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