Aceto reports $317,941 operating loss for July; net sales still zero

By Caroline Salls

Pittsburgh, Aug. 26 – Aceto Corp. posted a $317,941 operating loss for July on zero net sales, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of New Jersey.

In comparison, Aceto posted a $4.95 million operating loss for June, also on zero net sales.

The net loss for July was $3.37 million, narrowing from a $5.72 million June net loss.

In addition, Aceto listed $182.74 million in cash and cash equivalents as of July 31, down from $187.64 million at the end of June.

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, 2019 under Chapter 11 case number 19-13448.

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