Sundevil Power sees $5.23 million September net loss; revenue declines

By Caroline Salls

Pittsburgh, Oct. 27 – Sundevil Power Holdings, LLC reported a $5.23 million net loss for September on $8.68 million in total revenue, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

Those figures showed a decline from the $1.93 million net loss posted for August on $11.57 million in total revenue.

The company had $259,445 in unrestricted cash and cash equivalents as of Sept. 30, up from $14,330 at the end of August.

Wayzata, Minn.-based Sundevil Power operates gas-fired power plants in Gila Bend, Ariz. The company filed bankruptcy on Feb. 11, 2016 under Chapter 11 case number 16-10369.

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