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Former Hostess shows negative $147,000 of EBITDA in December period
By Kali Hays
New York, Jan. 16 – Old HB, Inc., formerly Hostess Brands, Inc., reported negative $147,000 of EBITDA on zero net revenue for the period of Nov. 16 through Dec. 13, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Southern District of New York.
Those numbers compare to $2.61 million of EBITDA during Oct. 19 through Nov. 15, also on zero net revenue.
The company’s operating loss was $510,000 for the December period, shifting from an operating income of $2.24 million during the November period.
Old HB’s net loss was $530,000, dropping from a previous net income of $2.2 million.
The company also had $26.96 million in cash as of Dec. 13, up slightly from $26.5 million as of Nov. 15.
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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