ILX Resorts net loss declines to $44,267 in June; revenues fall

By Caroline Salls

Pittsburgh, Aug. 20 - ILX Resorts Inc. reported a $44,267 net loss for June on $2.3 million in total revenues, according to its monthly operating report filed Friday with the Securities and Exchange Commission.

In comparison, the company posted a $29,090 net loss for May on $2.56 million in total revenues.

ILX had $6.46 million in cash at June 30, up from $6.27 million at the end of May.

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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