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Event Rentals reports $1.11 million operational loss for April period
By Kali Hays
New York, May 22 - Event Rentals, Inc. posted a $1.11 million loss from operations for April on revenue of $19.46 million, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.
Those numbers compare to a $2.09 million loss from operations for March on revenue of $19.72 million.
The company also reported operating EBITDA of $1.33 million for the period.
The net loss for April was $1.23 million, compared to a net loss of $2.39 million in March.
The company had unrestricted cash of $2.34 million as of April 27, down from $2.9 million as of March 30.
Event Rentals, an Inglewood, Calif.-based provider of event rental products and related services, filed bankruptcy on Feb. 13. The Chapter 11 case number is 14-10282.
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