Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers V > Headlines for Valence Technology, Inc. > News item |
Valence Technology records $711,224 net loss for July; revenues down
By Caroline Salls
Pittsburgh, Aug. 20 - Valence Technology, Inc. posted a $711,224 net loss for July on $2.72 million in revenues, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Western District of Texas.
The figures showed a decline from the $318,650 of net income reported for June on $3.02 million in revenues.
The company had $625,153 in cash as of July 31, up from $427,781 at the end of June.
Austin, Texas-based Valence Technology is a developer of lithium-ion batteries. The company filed for bankruptcy on July 12, 2012. The Chapter 11 case number is 12-11580.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.