GreenTech Automotive operating loss widens to $192,971 in February

By Caroline Salls

Pittsburgh, April 17 – GreenTech Automotive Inc. reported a $192,971 operating loss for February on $19,042 in net operating revenue, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the Eastern District of Virginia.

In comparison, GreenTech posted a $158,914 operating loss for January on $83,785 in net operating revenue.

The net loss for February was $99,190, declining from $2.71 million of January net income.

The company had $208,341 in cash and cash equivalents as of Feb. 28, down from $347,848 at the end of January.

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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