Speedcast International posts $4.72 million net loss for July month

By Sarah Lizee

Olympia, Wash., Oct. 8 – Speedcast International Ltd. reported a $4.72 million net loss on $31.05 million of revenue for the July period, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Southern District of Texas.

In comparison, the company posted a $20.46 million net loss on $37.26 million of revenues for the June period.

The company had $69.72 million of cash and cash equivalents as of July 31, compared to $65.69 million at the end of June.

Speedcast is an Australia-based provider of remote communication and IT solutions. The company filed bankruptcy on April 23 under Chapter 11 case number 20-32243.

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