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Hoop Holdings posts $377,184 operating loss for month ended July 5
By Caroline Salls
Pittsburgh, Aug. 1 - Hoop Holdings, LLC reported a $377,184 operating loss for the month ended July 5 on zero net sales, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, the company posted a $757,756 operating loss for the month ended May 31, also on zero net sales.
The net income for the latest period was $1.04 million, improving from a $141,554 net loss for the previous period.
The company had $55.11 million in cash and cash equivalents at July 5, compared with $55.62 million at the end of May.
Hoop, a Secaucus, N.J., company that designs, contracts to manufacture and sells merchandise under the Disney Store brand name, filed for bankruptcy on March 26. Hoop's Chapter 11 case number is 08-10544.
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