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GreenTech Automotive operating loss narrows to $158,914 in January
By Caroline Salls
Pittsburgh, Feb. 27 – GreenTech Automotive Inc. reported a $158,914 operating loss for January on $83,785 in net operating revenue, according to its monthly operating report filed Tuesday wit the U.S. Bankruptcy Court for the Eastern District of Virginia.
In comparison, GreenTech posted a $439,047 operating loss for December on $68,551 in net operating revenue.
Net income for January was $2.71 million, improving from $595,568 of December net income.
The company had $347,848 in cash and cash equivalents as of Jan. 31, up from $309,560 at the end of December.
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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