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Former RadioShack records $29.1 million loss for month ended July 4
By Caroline Salls
Pittsburgh, July 30 – RS Legacy Corp., formerly RadioShack Corp., reported an operating loss of $29.1 million for the month ended July 4 on net sales of $19 million, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, RS Legacy posted a $17.7 million operating loss for the period of May 3 through May 30 on $27.3 million in net sales.
The net loss for the June period was $4.8 million, narrowing from a $19 million net loss for the May period.
The company also had cash and cash equivalents of $41.9 million as of July 4, down from $101.7 million at May 30.
RadioShack is a Fort Worth, Texas-based technology retailer that filed for bankruptcy on Feb. 5. Its Chapter 11 case number is 15-10197.
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