T R O U B L E D C O M P A N Y R E P O R T E R
Saturday, September 9, 2017, Vol. 21, No. 251
CIBER INC: Suffers $6.55 Million Net Loss in July
CIBER INC: Suffers $6.55 Million Net Loss in July
CIBER Inc., et. al., filed with the U.S. Securities and Exchange
Commission their monthly operating report for July 2017.
CIBER Inc. listed a net loss of $6.55 million on $nil of revenues
in July, as compared to $46.09 million net income recorded in
As of July 31, 2017, CIBER Inc. posted $48.46 million in total
assets, $18.42 million in total liabilities, and $30.04 million in
total shareholders' equity.
At July 1, 2017, the Debtors had $59.71 million cash. They listed
$23.96 million in total receipts and $10.43 million in total
disbursements. Taking into consideration other accounts,
the Debtors had $47.49 million cash at July 31.
A copy of the monthly operating report is available for free at the
SEC at https://is.gd/10Qb1M
About CIBER Inc.
CIBER, Inc. -- http://www.ciber.com/-- is a global information
technology consulting, services and outsourcing company.
CIBER, Inc., and two other affiliates sought bankruptcy protection
on April 9, 2017 (Bankr. D. Del. Lead Case No. 17-10772). The
petition was signed by Christian Mezger, chief financial officer.
The Debtors disclosed total assets of $334.2 million and total
liabilities of $171.9 million as of Sept. 30, 2016.
The Hon. Brendan Linehan Shannon presides over the case.
Morrison & Foerster LLP is the Debtors' lead bankruptcy counsel.
Polsinelli, PC, serves as co-counsel while Saul Ewing LLP serves as
local counsel. The Debtors also hired Houlihan Lokey as investment
banker and financial advisor; Alvarez & Marsal North America, LLC,
as restructuring advisor; and Prime Clerk LLC as noticing and
An official committee of unsecured creditors has been appointed in
the Chapter 11 case. The committee hired Perkins Coie, LLP as
bankruptcy counsel; Shaw Fishman Glantz & Towbin LLC as co-counsel;
and BDO Consulting as financial advisor.
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S U B S C R I P T I O N I N F O R M A T I O N
Troubled Company Reporter is a daily newsletter co-published
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