RGN-Group Holdings posts $1.48 million operating profit for January

By Sarah Lizee

Olympia, Wash., March 9 – RGN-Group Holdings, LLC posted a $1.48 million operating profit for the Jan. 1 through Jan. 31 period on $8.26 million net revenue, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, the company posted a $4.79 million operating profit for the December period on $9.36 million net revenue.

The net loss for the period was $28.41 million, compared to a $3.88 million net loss for December.

The company listed $5.88 million of cash at the end of January, compared to $13.73 million at the end of December.

Carrollton, Tex.-based RGN provides workplace solutions to independent and mobile professionals, home-based businesses, small and emerging businesses and midsize-to-large corporations. The company filed Chapter 11 bankruptcy on Aug. 17, 2020 under case number 20-11961.

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