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Published on 12/23/2014 in the Prospect News Distressed Debt Daily.

MacKeyser sees fall in revenue, $3 million operational loss in October

By Kali Hays

New York, Dec. 23 – MacKeyser Holdings, LLC reported a $3.23 million loss from operations for October on negative $528 of net revenue, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, MacKeyser posted operating income of $1.24 million and net revenue of $707,537 for September.

The net loss for October was $3.57 million, falling from a previous net income of $706,524.

The company also reported $7.43 million in unrestricted cash and equivalents as of Oct. 31, from $7.63 million at the end of September.

Las Vegas-based MacKeyser Holdings and operating affiliates American Optical Services, LLC and Exela Hearing Services, LLC manage integrated eye care and hearing systems providers. The company filed for bankruptcy on June 20 under Chapter 11 case number 14-11550.


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