Paper Source reports $1.52 million net loss, zero revenue for June

By Sarah Lizee

Olympia, Wash., Aug. 5 – Paper Source, Inc. reported a $1.52 million net loss on zero revenue for the June period, according to its monthly operating report filed Wednesday with the U.S. Bankruptcy Court for the Eastern District of Virginia.

The company listed $4.05 million of cash and cash equivalents at the end of June.

Chicago-based Paper Source designs, manufactures and markets paper products. The company filed bankruptcy on March 2 under Chapter 11 case number 21-30660.

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