Solavei has $542,872 operating loss during October, decrease in sales

By Kali Hays

New York, Nov. 14 – Solavei LLC reported a net operating loss of $545,872 for October on $3.46 million in sales, according to its monthly operating report filed Nov. 13 with the U.S. Bankruptcy Court for the Western District of Washington.

Those numbers compare to a net operating loss of $580,900 in September on sales of $3.74 million.

Solavei’s net loss for October was $831,803, showing improvement from a net loss of $851,881 in September.

The company also had $528,108 in cash at the end of October, dropping from $1.45 million at Sept. 30.

Solavei, a social commerce telecommunications company with headquarters in Bellevue, Wash., filed for bankruptcy on June 11. The Chapter 11 case number is 14-14505.

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