DMX Music posts $1.65 million operating loss for March

By Caroline Salls

Pittsburgh, May 9 - DMX Music, Inc. reported $1.65 million operating loss for March on sales of $9.05 million, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

The net loss for the month was $2.18 million.

Cash and cash equivalents as of March 31 were $1.84 million.

DMX's case is under parent company Maxide Acquisition, Inc. The Los Angeles provider of music, video and entertainment to businesses, consumers and airlines filed for bankruptcy Feb. 14. Its Chapter 11 case number is 05-10429.

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