GreenTech Automotive operating loss widens to $439,047 in December

By Caroline Salls

Pittsburgh, Feb. 4 – GreenTech Automotive Inc. reported a $439,047 operating loss for December on $68,551 in net operating revenue, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Eastern District of Virginia.

In comparison, GreenTech posted a $151,510 operating loss for November on $84,895 in net operating revenue.

Net income for December was $595,568, declining from $1.3 million of November net income.

The company had $309,560 in cash and cash equivalents as of Dec. 31, down from $370,691 at the end of November.

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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