Raser Technologies net loss grows to $1.88 million in June; sales down

By Caroline Salls

Pittsburgh, Aug. 1 - Raser Technologies, Inc. reported a $1.88 million net loss for June on $355,539 in revenues, according to its monthly operating report filed Saturday with the U.S. Bankruptcy Court for the District of Delaware.

The figures showed a decline from the $1.46 million net loss posted for May on $380,055 in revenues.

The company had $574,000 in cash at June 30, up from $334,901 at the end of May.

Provo, Utah-based Raser is a technology licensing and development company focused on geothermal power generation. The company filed for bankruptcy on April 29, and its Chapter 11 case number is 11-11315.

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