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Published on 11/7/2018 in the Prospect News Distressed Debt Daily.

Suniva net loss grows to $574,518 in September; revenue still zero

By Caroline Salls

Pittsburgh, Nov. 7 – Suniva Inc. reported a $574,518 net loss for September on zero revenue, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, Suniva posted a $532,731 net loss for August, also on zero revenue.

The company listed $10,684 in unrestricted cash and cash equivalents as of Sept. 30, the same as at the end of August.

Suniva, a Norcross, Ga.-based manufacturer of high-efficiency crystalline silicon photovoltaic solar cells and high-power solar modules, filed bankruptcy on April 17, 2017. The Chapter 11 case number is 17-10837.


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