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SiO2 Medical reports $11.2 million net loss for April
By Sarah Lizee
Olympia, Wash., June 8 – SiO2 Medical Products, Inc. reported an $11.2 million net loss for April on $2.74 million of gross income/sales, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.
To compare, the company reported a $1.27 million net loss for March on $175,955 of gross income/sales.
The cash balance at the end of April was $13.1 million, up from $4.41 million at the end of March.
The Auburn, Ala.-based company creates and manufactures engineered primary packaging container components for the pharmaceutical and biotechnology industry. The company filed bankruptcy on March 29 under Chapter 11 case number 23-10366.
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