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Bicent operating loss narrows to $2.01 million in June; revenues fall
By Caroline Salls
Pittsburgh, July 19 - Bicent Holdings LLC reported a $2.01 million operating loss for June on $274,586 in total revenues, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, Bicent posted a $3.16 million operating loss for the period of April 23 to May 31 on $3.07 million of total revenues.
The net loss for June was $25.57 million, widening from an $8.69 million net loss for the May period.
The company listed $13.65 million of cash and cash equivalents as of June 30, up from $4.52 million at the end of May.
Bicent Holdings, the Lafayette, Colo.-based parent company for Bicent Power LLC, which operates electric generating facilities, filed for bankruptcy on April 23. Its Chapter 11 case number is 12-11304.
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