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Hoop Holdings posts $64,922 operating loss for month ended Aug. 30
By Caroline Salls
Pittsburgh, Oct. 1 - Hoop Holdings, LLC reported a $64,922 operating loss for the month ended Aug. 30 on zero net sales, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, the company posted a $282,459 operating loss for the month ended Aug. 2, also on zero net sales.
The net income for the latest period was $58,466, down from a $966,847 net income reported for the previous period.
The company had $53.87 million in cash and cash equivalents at Aug. 30, compared with $54.80 million at Aug. 2.
Hoop, a Secaucus, N.J., company that designs, contracts to manufacture and sells merchandise under the Disney Store brand name, filed for bankruptcy on March 26, 2008. Hoop's Chapter 11 case number is 08-10544.
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