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Gissing North America posts $11.14 million net loss for September
By Sarah Lizee
Olympia, Wash., Oct. 24 – Gissing North America LLC reported an $11.14 million net loss on $10.21 million of gross income or sales for September, according to its monthly operating report filed with the U.S. Bankruptcy Court for the Eastern District of Michigan.
In comparison, the company reported a $3.51 million net loss on $9.27 million of gross income or sales for August.
The cash balance at the end of September was $901,374, up from $710,110 at the end of August.
The Bingham Farms, Mich.-based company is a manufacturer of acoustic systems for the automotive industry. The company filed bankruptcy on Aug. 8 under Chapter 11 case number 22-46160.
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