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GigaMonster Networks reports $2.91 million net loss for May
By Sarah Lizee
Olympia, Wash., June 26 – GigaMonster Networks, LLC reported a $2.91 million net loss for May on $1.25 million of gross income/sales, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, the company reported a $2.12 million net loss for April on $1.17 million of gross income/sales.
The cash balance at the end of May was $17.34 million, down from $20.41 million at the end of April.
The Marietta, Ga.-based internet provider filed bankruptcy on Jan. 16 under Chapter 11 case number 23-10051.
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