Former iGPS posts $305,310 net loss for September on zero revenue

By Jim Witters

Wilmington, Del., Oct. 21 - Pallet Company LLC, formerly iGPS Co. LLC, posted a $305,310 net loss for September on zero revenue, according to the company's monthly operating report filed Oct. 21 with the U.S. Bankruptcy Court for the District of Delaware.

Those figures compare to a $397.69 million net loss for August, also on zero revenue.

The company also reported cash on hand of $4.58 million as of Sept. 30, down from $5.74 million at the end of August.

iGPS, an Orlando-based operator and owner of a global pallet rental pool with embedded RFID tags, filed for bankruptcy on June 4. The Chapter 11 case number is 13-11459.

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