Schutt net loss shrinks to $2.28 million in November; revenues down

By Caroline Salls

Pittsburgh, Jan. 3 - Schutt Sports, Inc. posted a $2.28 million net loss for November on $2.37 million in revenues, according to its monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, Schutt posted a $2.72 million net loss for October on $5.68 million in revenues.

The company had zero cash and cash equivalents at Nov. 30, down from $309,000 at the end of October.

Schutt, a Litchfield, Ill.-based sports equipment manufacturer, filed for bankruptcy on Sept. 6. The Chapter 11 case number is 10-12795.

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