OneWeb Global marks $60,168 net loss for May, no intercompany revenue

By Caroline Salls

Pittsburgh, July 2 – OneWeb Global Ltd. reported a $60,168 net loss for May on zero intercompany revenue and gross profit, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Southern District of New York.

The company had $3,707 in cash and cash equivalents as of May 31.

Arlington, Va.-based OneWeb develops a constellation of satellites to enable internet access. The company filed bankruptcy on March 27 under Chapter 11 case number 20-22437.

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