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Hoop Holdings reports $282,459 operating loss for month ended Aug. 2
By Caroline Salls
Pittsburgh, Sept. 2 - Hoop Holdings, LLC reported a $282,459 operating loss for the month ended Aug. 2 on zero net sales, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, the company posted a $377,184 operating loss for the month ended July 5, also on zero net sales.
The net income for the latest period was $966,847, down from a $1.04 million net income for the previous period.
The company had $54.8 million in cash and cash equivalents at Aug. 2, compared with $55.11 million at July 5.
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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