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Published on 3/15/2024 in the Prospect News Distressed Debt Daily.

GigaMonster Networks reports $38,410 net loss for February

By Sarah Lizee

Olympia, Wash., March 15 – GigaMonster Networks, LLC reported a $38,410 net loss for February on $154,218 gross income/sales, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

To compare, the company reported a $174,937 net loss for January on $103,047 gross income/sales.

The cash balance at the end of February was $9.83 million, compared to $9.87 million at the end of January.

The Marietta, Ga.-based internet provider filed bankruptcy on Jan. 16, 2023 under Chapter 11 case number 23-10051.


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