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Broadstripe net loss declines to $2.8 million in January, sales drop
By Caroline Salls
Pittsburgh, March 3 - Broadstripe, LLC reported a $2.8 million net loss for January on $7.67 million in revenues, according to its monthly operating report filed Tuesday with the U.S. Bankruptcy Court for the District of Delaware.
The figures showed a decline from the $1.53 million of net income posted for December on $7.76 million in revenues.
The company had $5.43 million in cash and cash equivalents at Jan. 31, down from $5.7 million at the end of December.
Broadstripe, a St. Louis provider of integrated video, broadband and home phone services, filed for bankruptcy on Jan. 2, 2009. Its Chapter 11 case number is 09-10006.
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