/raid1/www/Hosts/bankrupt/TCR_Public/200502.mbx          T R O U B L E D   C O M P A N Y   R E P O R T E R

              Saturday, May 2, 2020, Vol. 24, No. 122

                            Headlines

NUVECTRA CORP: Net Loss Widens to $2.31 Million in February

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NUVECTRA CORP: Net Loss Widens to $2.31 Million in February
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Nuvectra Corporation filed with the U.S. Securities and Exchange
Commission its monthly operating report for February 2020.

The Debtor's statement of operations showed a net loss of
$2,313,438 on $2,047 of net revenue for the month, as compared to
$1.63 million net loss reported for January.

The Debtor posted $27.58 million in total assets, $20.87 million in
total liabilities and $6.71 million in total shareholders' equity
as of February 29, 2020.

At February 1, 2020, the Debtor had $7,292,985 cash.  It listed
total cash receipts of $335,268 and total operating disbursements
of $1,227,823.  Taking into account total reorganizational expenses
totaling $630,571, the Debtor had $ 5,769,858 cash at February 29,
2020.

A copy of the monthly operating report is available at the SEC at:

                   https://is.gd/AnsXRa

                 About Nuvectra Corporation

Nuvectra Corporation -- http://www.nuvectramed.com/-- operates as
a neurostimulation medical device company.  The Algovita Spinal
Cord Stimulation (SCS) System is the Company's first commercial
offering and is CE marked and FDA approved for the treatment of
chronic intractable pain of the trunk and/or limbs. The Company's
innovative technology platform also has capabilities under
development to support other indications such as sacral
neuromodulation (SNM) for the treatment of overactive bladder, and
deep brain stimulation (DBS) for the treatment of Parkinson's
Disease.

Nuvectra filed for Chapter 11 bankruptcy protection (Bankr. E.D.
Tex. Case No. 19-43090) on Nov. 12, 2019.  In the petition signed
by CEO Fred B. Parks, the Debtor was estimated to have $10 million
to $50 million in both assets and liabilities.  The Hon. Brenda T.
Rhoades oversees the case.  The Debtor is represented by Ryan E.
Manns, Esq. and Toby L. Gerber, Esq. at Norton Rose Fulbright US
LLP.

The Office of the U.S. Trustee on Nov. 21, 2019, appointed
creditors to serve on the official committee of unsecured
creditors.  The committee is represented by Barnes & Thornburg LLP.


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Monday's edition of the TCR delivers a list of indicative prices
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then-ending.

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S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter is a daily newsletter co-published
by Bankruptcy Creditors Service, Inc., Fairless Hills,
Pennsylvania, USA, and Beard Group, Inc., Washington, D.C., USA.
Jhonas Dampog, Marites Claro, Joy Agravante, Rousel Elaine
Tumanda, Valerie Udtuhan, Howard C. Tolentino, Carmel Paderog,
Meriam Fernandez, Joel Anthony G. Lopez, Cecil R. Villacampa,
Sheryl Joy P. Olano, Psyche A. Castillon, Ivy B. Magdadaro, Carlo
Fernandez, Christopher G. Patalinghug, and Peter A. Chapman,
Editors.

Copyright 2020.  All rights reserved.  ISSN: 1520-9474.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.  Information contained
herein is obtained from sources believed to be reliable, but is
not guaranteed.

The TCR subscription rate is $975 for 6 months delivered via
e-mail.  Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each.  For subscription information, contact Peter A.
Chapman at 215-945-7000.

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