SFX Entertainment reports $8.08 million August net loss, no revenue

By Caroline Salls

Pittsburgh, Oct. 18 – SFX Entertainment, Inc. recorded a net loss of $8.08 million for August on zero revenue, according to the company’s monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, SFX posted a $6.76 million net loss for July, also on zero revenue.

The company ended August with $540,272 in cash and cash equivalents, down from $1.17 million at the end of July.

SFX, a New York-based producer of live events and entertainment content, filed for bankruptcy on Feb. 1, 2016. The Chapter 11 case number is 16-10238.

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