Linden Ponds, Hingham Campus report increased net losses for July

By Jim Witters

Wilmington, Del., Aug. 31 - Linden Ponds Inc. and Hingham Campus LLC reported higher net losses in July than in June in the companies' monthly operating reports filed Wednesday in U.S. Bankruptcy Court for the Northern District of Texas.

Linden Ponds reported a net loss of $2.5 million on gross revenue of $7.55 million in July, compared to a net loss of $1.06 million on gross revenue of $2.44 million in June.

Linden Ponds reported total cash of $26.8 million as of July 31, compared to $26.7 million at the end of June.

Hingham Campus reported a net loss of $267,326 on gross revenue of $1.15 million in July, slipping from a net loss of $148,998 in June on gross revenue of $650,118.

Hingham Campus reported total cash of $497,669 as of July 31, compared to $499,226 at the end of June.

Linden Ponds is based in Hingham, Mass., and Hingham Campus is based in Baltimore. The companies filed for bankruptcy on June 14. The Chapter 11 case number is 11-33912.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.