GigaMonster Networks reports $1.04 million net loss for July

By Sarah Lizee

Olympia, Wash., Aug. 28 – GigaMonster Networks, LLC reported a $1.04 million net loss for July on $992,100 of gross income/sales, according to its monthly operating report filed Saturday with the U.S. Bankruptcy Court for the District of Delaware.

In comparison, the company reported a $670,538 net loss for June on $1.43 million of gross income/sales.

The cash balance at the end of July was $15.62 million, down from $16.67 million at the end of June.

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

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