| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers L > Headlines for LightSquared Inc. > News item |
LightSquared marks $70.25 million net loss in December; revenue down
By Kali Hays
New York, Jan. 20 – LightSquared Inc. reported a net loss of $70.25 million for December on $1.22 million in revenue, according to its monthly operating report filed Jan. 16 with the U.S. Bankruptcy Court for the Southern District of New York.
In comparison, LightSquared reported a $68.11 million net loss in November on revenue of $1.52 million.
The company also had cash and cash equivalents of $34.48 million at the end of December, down from $44.86 million at the end of November.
LightSquared is a Reston, Va.-based wholesale-only 4G-LTE network integrated with satellite coverage. The company filed for bankruptcy on May 14, 2012 under Chapter 11 case number 12-12080.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.