iPic-Gold Class Entertainment marks $7.21 million October net loss

By Caroline Salls

Pittsburgh, Dec. 4 – iPic-Gold Class Entertainment, LLC posted a $7.21 million net loss for October on $10.21 million in revenue, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, iPic posted a $4.15 million net loss for September on $8.96 million in revenue.

The company had $5.39 million in unrestricted cash and equivalents as of Oct. 31, down from $6.74 million at the end of September.

iPic is a Boca Raton, Fla.-based luxury restaurant and theater company. The company filed bankruptcy on Aug. 5 under Chapter 11 case number 19-11739.

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