GreenTech Automotive operating loss narrows to $183,412 in September

By Caroline Salls

Pittsburgh, Nov. 29 – GreenTech Automotive, Inc. reported a $183,412 operating loss for October on $91,597 in net operating revenue, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Eastern District of Virginia.

In comparison, the company posted a $228,183 operating loss for September on $78,027 in net operating revenue.

The net loss for October was $2.12 million, widening from a $942,949 September net loss.

In addition, GreenTech listed $373,442 in cash and cash equivalents as of Oct. 31, down from $421,511 at the end of September.

GreenTech is a Sterling, Va.-based electric vehicle manufacturer. The company filed for bankruptcy on Feb. 26, 2018 under Chapter 11 case number 18-10651.

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