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ILX Resorts records $59,051 February net loss; total revenues up
By Lisa Kerner
Charlotte, N.C., March 26 - ILX Resorts Inc. posted a $59,051 net loss for the month of February on $2.16 million in total revenues, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Arizona.
In comparison, the company posted a $305,627 net loss for the month of January on $1.95 million in total revenues.
ILX had $3.45 million in cash at Feb. 28, down from $3.85 million at the end of January.
Phoenix-based ILX Resorts acquires, develops and operates timeshare resorts primarily in the western United States. The company filed for bankruptcy on March 2, 2009. Its Chapter 11 case number is 09-03594.
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