Schutt Sports, which filed for Chapter 11 protection on Sept. 6, expects to have a cash flow of $10.7 million for the 10 weeks ended Nov. 12, according to documents filed in U.S. Bankruptcy Court in Delaware. The projections were filed as part of a request for final debtor-in-possession financing.
That total would exceed the company’s projected operating costs of $10.1 million in the 10-week period. Bankruptcy-related costs are expected to reach $3.2 million in the period. Revenues were $7.6 million in the period. Cash receipts totaled $24.1 million in the period.