Aceto posts $581,077 operating loss, no sales for month ended May 31

By Caroline Salls

Pittsburgh, Aug. 2 – Aceto Corp. posted a $581,077 operating loss for May on zero net sales, according to its monthly operating report filed Friday with the Securities and Exchange Commission.

The net loss for the month was $717,240.

In addition, Aceto listed $194.45 million in cash and cash equivalents as of May 31.

Aceto is a Port Washington, N.Y.-based developer, marketer, seller and distributor of human health products, pharmaceutical ingredients and performance chemicals. The company filed bankruptcy on Feb. 19 under Chapter 11 case number 19-13448.

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