TWTR posts $216,290 May net loss

By Jennifer Lanning Drey

Portland, Ore., July 14 - TWTR, Inc., formerly Tweeter Home Entertainment Group, reported a $216,290 net loss for May on zero revenues, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

The figures compare to April net income of $495,044, also on zero revenues, according to a second monthly operating report filed Monday.

The company had cash and cash equivalents of $3.90 million at May 31, compared with cash and cash equivalents of $4.12 million at the end of April.

TWTR, a Canton, Mass., consumer electronics retailer, filed for bankruptcy on June 11, 2007 in the U.S. Bankruptcy Court for the District of Delaware. Its Chapter 11 case number is 07-10787.

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