Open Road Films records $93,525 net profit for July on zero revenue

By Caroline Salls

Pittsburgh, Aug. 30 – Open Road Films, LLC reported a $93,525 net profit for July on zero operating revenue, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, Open Road posted a $784,458 net loss for June, also on zero operating revenue.

The company had $4.4 million in cash and cash equivalents as of July 31, down from $4.82 million at the end of June.

Open Road is a Los Angeles-based film operation. The company filed bankruptcy on Sept. 6, 2018 under Chapter 11 case number 18-12012.

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