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Houlihan’s records $301,351 net loss for Jan. 27 to Feb. 23 period
By Caroline Salls
Pittsburgh, April 15 – Houlihan’s Restaurants, Inc. reported a $301,351 net loss for the period of Jan. 27 through Feb. 23 on zero total operating revenue, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.
In comparison, Houlihan’s posted a $37.86 million net loss for the period of Dec. 30 through Jan. 26, also on zero total operating revenue.
In addition, the company had $9.13 million in unrestricted cash and cash equivalents as of Feb. 23, down from $10.04 million at Jan. 26.
Leawood, Kan.-based Houlihan’s operates a chain of restaurants. The company filed bankruptcy on Nov. 14 under Chapter 11 case number 19-12415.
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