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IdleAire records $8.53 million June net loss
By Caroline Salls
Pittsburgh, Aug. 1 - IdleAire Technologies Corp. reported an $8.53 million June net loss on $6.51 million in revenues, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.
The figures compared to an $8.01 million net loss reported for the period of May 13 to May 31 on $3.09 million in revenues.
The company had $1.34 million in cash and cash equivalents as of June 30, down from $2.29 million at May 31.
Based in Knoxville, Tenn., IdleAire is a privately held research and development company that provides products and services for the long-haul trucking freight industry. The company filed for bankruptcy on May 12. Its Chapter 11 case number is 08-10960.
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