Blockbuster posts $67.2 million operating loss for month ended April 3

By Caroline Salls

Pittsburgh, May 4 - Blockbuster Inc. reported a $67.2 million operating loss for the four weeks ended April 3 on $173 million in revenues, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Southern District of New York.

In comparison, Blockbuster posted a $27.5 million operating loss for the period of Jan. 31 to Feb. 27 on $143.2 million in revenues.

The net loss for the March period was $46.2 million, widening from a $44.8 million net loss for the previous period.

The company had $74.1 million in cash and cash equivalents at April 3, up from $61.2 million at Feb. 27.

Blockbuster, a Dallas-based provider of in-home movies and game entertainment, filed for bankruptcy on Sept. 23, 2010. Its Chapter 11 case number is 10-14997.

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