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Published on 9/14/2015 in the Prospect News Distressed Debt Daily.

Quantum Foods sees net gain of $550,067 for June 13 through July 10

By Mark Reccek

Bethlehem, Pa., Sept. 14 – Quantum Foods LLC marked a net gain of $550,067 for the period of June 13 through July 10 on zero net sales, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

For May 16 through June 12, the company reported a $411,995 net loss, also on zero net sales.

Quantum had $72 of EBITDA for the most recent period, compared to $3,088 for the previous period.

The company also held $9,855 in cash as of July 10, a decrease from $14,496 as of June 12.

Quantum Foods, a Bolingbrook, Ill.-based provider of cooked beef, poultry and pork for school, military and retail outlets, filed for bankruptcy on Feb. 18, 2014 under Chapter 11 case number.


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