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Sea Launch reports $7.52 million net loss for October; revenues up
By Caroline Salls
Pittsburgh, Nov. 24 - Sea Launch Co., LLC reported a $7.52 million net loss for October on $2.46 million in revenues, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, the company posted an $8.57 million net loss for September on zero revenues.
Sea Launch had $6.71 million in cash at Oct. 31, up from $5.5 million at the end of September.
Sea Launch, a Long Beach, Calif., heavy-lift satellite commercial launch service provider, filed for bankruptcy on June 22. Its Chapter 11 case number is 09-12153.
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