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VPX Sports reports $11.18 million operating loss for November
By Sarah Lizee
Olympia, Wash., Jan. 3 – Vital Pharmaceuticals, Inc., which does business as VPX Sports, reported an $11.18 million operating loss for November on $22.55 million of total net sales, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the Southern District of Florida.
To compare, the company reported a $4.6 million operating loss on $18.59 million of total net sales for the period of Oct. 10 through Oct. 31.
The net loss for November was $330.04 million, compared to a net loss for the October period of $8.22 million.
The company had cash and cash equivalents of $6.16 million at the end of November, down from $15.47 million at the end of October.
The Pembroke Pines, Fla.-based the maker of Bang energy drinks and other products filed Chapter 11 bankruptcy on Oct. 10 under case number 22-17842.
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