Sizmek operating loss grows to $10.35 million in June; revenue down

By Caroline Salls

Pittsburgh, Aug. 2 – Sizmek Inc. reported a $10.35 million operating loss for June on $3.45 million in total revenue, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the Southern District of New York.

Those figures showed a decline from the $3.51 million operating loss posted for May on $5.5 million in total revenue.

The net loss for June was $9.42 million, narrowing from a $56.9 million May net loss.

In addition, the company had $1.95 million in cash and cash equivalents as of June 30, up from $1.45 million at the end of May.

Sizmek is a New York-based independent buyside advertising platform. The company filed bankruptcy on March 29 under Chapter 11 case number 19-10971.

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