GreenTech Automotive posts $154,360 April operating loss, no revenue

By Caroline Salls

Pittsburgh, May 31 – GreenTech Automotive Inc. reported a $154,360 operating loss for April on zero 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 $127,103 operating loss for March, also on zero net operating revenue.

The net loss for April was $630,636, compared to a $483,538 net loss for March.

The company had $198,799 in cash and cash equivalents as of April 30, down from $199,002 at the end of March.

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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