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Former Schutt Sports posts $526,000 net loss for April on zero sales
By Caroline Salls
Pittsburgh, June 1 - SSI Liquidating, Inc. posted a net loss of $526,000 for April on zero revenues, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, SSI Liquidating posted a $611,000 net loss for March, also on zero revenues.
The company had zero unrestricted cash and cash equivalents at the end of both April and March.
SSI Liquidating was formerly Schutt Sports, Inc., a Litchfield, Ill.-based sports equipment manufacturer. The company filed for bankruptcy on Sept. 6, 2010. Its plan of liquidation was confirmed on May 9. The Chapter 11 case number is 10-12795.
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