Nuvectra sees net loss narrow to $1.64 million in month ended Jan. 31

By Caroline Salls

Pittsburgh, Feb. 13 – Nuvectra Corp. reported a $1.64 million net loss for January on negative $212,639 in net revenue, according to its monthly operating report filed Thursday with the Securities and Exchange Commission.

In comparison, Nuvectra posted a $3.78 million net loss for December on negative $18,210 in net revenue.

In addition, the company listed $7.29 million in cash as of Jan. 31, down from $8.29 million at the end of December.

Nuvectra is a Plano, Tex.-based neurostimulation company. The company filed bankruptcy on Nov. 12 in the U.S. Bankruptcy Court for the Eastern District of Texas under Chapter 11 case number 19-43090.

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