RGN-Group Holdings posts $4.98 million operating profit for April

By Sarah Lizee

Olympia, Wash., June 11 – RGN-Group Holdings, LLC posted a $4.98 million operating profit for the April 1 through April 30 period on $9.62 million net revenue, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, the company posted a $3.24 million operating profit for the March period on $9.71 million net revenue.

The net loss for the April period was $1.98 million, compared to a $2.7 million net loss for March.

The company listed $4.71 million of unrestricted cash and equivalents at the end of April, compared to $6.88 million at the end of March.

Carrollton, Tex.-based RGN provides workplace solutions to independent and mobile professionals, home-based businesses, small and emerging businesses and midsize-to-large corporations. The company filed Chapter 11 bankruptcy on Aug. 17, 2020 under case number 20-11961.

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