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Published on 1/9/2006 in the Prospect News Distressed Debt Daily.

Gadzooks shows $10,710 November operating loss

By Caroline Salls

Pittsburgh, Jan. 9 - Gadzooks Inc. reported an operating loss of $10,710 for November on zero revenues, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Northern District of Texas.

The figure slipped from an $8,556 October operating loss, also on zero revenues.

The net loss for November was $585,309, compared with $63,705 in net income in October, which was attributed to $153,550 of non-operating income.

Cash at Nov. 30 was $1.81 million, down slightly from $1.94 million at the end of October.

The Dallas-area apparel retailer filed for bankruptcy on Feb. 3, 2004. Its Chapter 11 case number is 04-31486.


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