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Former Hostess marks negative $411,000 of EBITDA during October period
By Kali Hays
New York, Nov. 21 – Old HB Inc., formerly Hostess Brands, Inc., reported negative $411,000 of EBITDA for Sept. 21 through Oct. 18 on zero net revenue, according to its monthly operating report filed Nov. 21 with the U.S. Bankruptcy Court for the Southern District of New York.
Those numbers compare to negative $313,000 of EBITDA for Aug. 24 through Sept. 20, also on zero net revenue.
The company’s operating loss was $661,000 for the October period, down from $756,000 during September.
Old HB’s net loss was $662,000, improving from a previous net loss of $762,000.
The company also had $27.05 million in cash as of Oct. 18, showing a slight drop from $27.5 million as of Sept. 20.
Hostess Brands, an Irving, Texas-based operator of regional bakeries, filed for bankruptcy on Jan. 11, 2012. Its Chapter 11 case number is 12-22052.
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