DirectBuy reports $759,626 operating loss for April on zero income

By Caroline Salls

Pittsburgh, June 2 – DirectBuy Holdings, Inc. posted a $759,626 operating loss for April on zero total income, according to its monthly operating report filed Thursday with the U.S. Bankruptcy Court for the District of Delaware.

For March, DirectBuy posted a $1.83 million operating loss on $1,977 in total income.

The net loss for April was also $759,626, narrowing from a $1.83 million March net loss.

In addition, the company had $273,483 in cash and cash equivalents as of April 30, down from $1.03 million at the end of March.

DirectBuy is a Merrillville, Ind.-based members-only showroom and home design center that offers merchandise at manufacturer-direct prices. The company filed bankruptcy on Nov. 1, 2016 under Chapter 11 case number 16-12435.

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