Real Industry sees $2.31 million February operating loss; revenue down

By Caroline Salls

Pittsburgh, March 22 – Real Industry, Inc. reported a $2.31 million operating loss for February on $51.54 million in revenue, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, Real Industry posted a $2.14 million operating loss for January on $53.19 million in revenue.

The net loss for February was $7.22 million, widening from a $4.96 million January net loss.

The company had $13.97 million in cash and cash equivalents as of Feb. 28, down from $14.22 million at the end of January.

The holding company is based in Sherman Oaks, Calif. Real Industry filed bankruptcy on Nov. 17, 2017 in the U.S. Bankruptcy Court for the District of Delaware under Chapter 11 case number 17-12464.

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