Sizmek sees $3.55 million September operating loss, negative revenue

By Caroline Salls

Pittsburgh, Nov. 1 – Sizmek Inc. reported a $3.55 million operating loss for September on negative $36,774 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 improvement over the $5.33 million operating loss posted for August on negative $309,217 total revenue.

The net loss for September was $7.17 million, narrowing from a $20.32 million August net loss.

In addition, the company had $970,372 in cash and cash equivalents as of Sept. 30, down from $1.22 million at the end of August.

Sizmek is a New York-based independent buyside advertising platform. The company filed bankruptcy on March 29, 2019 under Chapter 11 case number 19-10971.

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