EX-99.1 3 a2092959zex-99_1.txt EXHIBIT 99.1 EXHIBIT 99.1 UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE ----------- IN RE: NEON COMMUNICATIONS, INC. AND NEON OPTICA, INC. CASE NO.: 02-11846 AND 02-11847 MONTHLY OPERATING REPORT FOR THE PERIOD FROM SEPTEMBER 1, 2002 TO SEPTEMBER 30, 2002 Debtors' Address: NEON Communications, Inc. NEON Optica, Inc. 2200 West Park Drive Westborough, MA 01581 Debtors' Attorneys: David B. Stratton Pepper Hamilton LLP 1201 Market Street, Suite 1600 Wilmington, Delaware 19801 THIS OPERATING STATEMENT MUST BE SIGNED BY A REPRESENTATIVE OF THE DEBTORS I declare under penalty of perjury (28 U.S.C. Section 1746) that this report and the attached documents are true and correct to the best of my knowledge and belief. NEON COMMUNICATIONS, INC. NEON OPTICA, INC. By: /s/ Stephen E. Courter ------------------------------------- Stephen E. Courter CHAIRMAN AND CHIEF EXECUTIVE OFFICER By: /s/ William A. Marshall ------------------------------------- William A. Marshall CHIEF FINANCIAL OFFICER AND TREASURER (PRINCIPAL FINANCIAL OFFICER) UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE MONTHLY OPERATING REPORT ~~CASE NAME: NEON COMMUNICATIONS, INC. AND NEON OPTICA, INC. CASE NO.:02-11846 AND 02-11847 MONTH OF: SEPTEMBER 2002~~

TABLE OF CONTENTS

UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE MONTHLY OPERATING REPORT ~~CASE NAME: NEON COMMUNICATIONS, INC. AND NEON OPTICA, INC. CASE NO.:02-11846 AND 02-11847 MONTH OF: SEPTEMBER 2002~~

CONSOLIDATED BALANCE SHEET

THESE FINANCIAL STATEMENTS ARE UNAUDITED AND ACCORDINGLY, THERE COULD BE YEAR-END AUDIT ADJUSTMENTS AS WELL AS OTHER ADJUSTMENTS RELATED TO THE DEBTOR'S FILING FOR PROTECTION UNDER CHAPTER 11 OF THE U. S. BANKRUPTCY CODE ON JUNE 25, 2002. 1 UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE MONTHLY OPERATING REPORT ~~CASE NAME: NEON COMMUNICATIONS, INC. AND NEON OPTICA, INC. CASE NO.:02-11846 AND 02-11847 MONTH OF: SEPTEMBER 2002~~

NEON COMMUNICATIONS, INC. BALANCE SHEET

THESE FINANCIAL STATEMENTS ARE UNAUDITED AND ACCORDINGLY, THERE COULD BE YEAR-END AUDIT ADJUSTMENTS AS WELL AS OTHER ADJUSTMENTS RELATED TO THE DEBTOR'S FILING FOR PROTECTION UNDER CHAPTER 11 OF THE U. S. BANKRUPTCY CODE ON JUNE 25, 2002. 2 UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE MONTHLY OPERATING REPORT ~~CASE NAME: NEON COMMUNICATIONS, INC. AND NEON OPTICA, INC. CASE NO.:02-11846 AND 02-11847 MONTH OF: SEPTEMBER 2002~~

NEON OPTICA, INC. BALANCE SHEET

THESE FINANCIAL STATEMENTS ARE UNAUDITED AND ACCORDINGLY, THERE COULD BE YEAR-END AUDIT ADJUSTMENTS AS WELL AS OTHER ADJUSTMENTS RELATED TO THE DEBTOR'S FILING FOR PROTECTION UNDER CHAPTER 11 OF THE U. S. BANKRUPTCY CODE ON JUNE 25, 2002. 3 UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE MONTHLY OPERATING REPORT ~~CASE NAME: NEON COMMUNICATIONS, INC. AND NEON OPTICA, INC. CASE NO.:02-11846 AND 02-11847 MONTH OF: SEPTEMBER 2002~~

CONSOLIDATED STATEMENT OF OPERATIONS FOR THE PERIOD FROM SEPTEMBER 1, 2002 THROUGH SEPTEMBER 30, 2002 Revenues: Gross revenues, net of credits........................... $ 3,076,100 Less: returns and allowances............................. 105,100 ------------- Net revenues............................................. 2,971,000 ------------- Operating Expenses: Cost of revenues......................................... 1,390,200 Selling, general and administrative...................... 1,436,800 Depreciation and amortization............................ 1,991,900 ------------- Total operating expenses................................. 4,818,900 ------------- Loss from operations..................................... (1,847,900) ------------- Other Income (Expense): Other income............................................. -- Interest expense......................................... -- ------------- Total other expense, net................................. -- ------------- Net Loss Before Reorganization Items....................... (1,847,900) ============= Reorganization Items: Professional and other expenses.......................... (330,400) Interest income.......................................... 29,400 ------------- Total reorganization expenses............................ (301,000) ------------- Net Loss................................................... $ (2,148,900) =============

THESE FINANCIAL STATEMENTS ARE UNAUDITED AND ACCORDINGLY, THERE COULD BE YEAR-END AUDIT ADJUSTMENTS AS WELL AS OTHER ADJUSTMENTS RELATED TO THE DEBTORS' FILING FOR PROTECTION UNDER CHAPTER 11 OF THE U. S. BANKRUPTCY CODE ON JUNE 25, 2002. 4 UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE MONTHLY OPERATING REPORT ~~CASE NAME: NEON COMMUNICATIONS, INC. AND NEON OPTICA, INC. CASE NO.:02-11846 AND 02-11847 MONTH OF: SEPTEMBER 2002~~

SCHEDULE OF CASH RECEIPTS AND DISBURSEMENTS FOR THE PERIOD FROM SEPTEMBER 1, 2002 THROUGH SEPTEMBER 30, 2002

(1) Other includes $1,100 petty cash; restricted cash at beginning and end of the period, of $2,542,100 and $2,545,300, respectively, is not included above. NOTE: There were no cash receipts or disbursements for NEON Communications, Inc. All activity above reflects the activity of NEON Optica, Inc. THESE FINANCIAL STATEMENTS ARE UNAUDITED AND ACCORDINGLY, THERE COULD BE YEAR-END AUDIT ADJUSTMENTS AS WELL AS OTHER ADJUSTMENTS RELATED TO THE DEBTORS' FILING FOR PROTECTION UNDER CHAPTER 11 OF THE U. S. BANKRUPTCY CODE ON JUNE 25, 2002. 5 UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE MONTHLY OPERATING REPORT ~~CASE NAME: NEON COMMUNICATIONS, INC. AND NEON OPTICA, INC. CASE NO.:02-11846 AND 02-11847 MONTH OF: SEPTEMBER 2002~~

STATUS OF POST-PETITION TAXES The debtors assert that all fiduciary post-petition taxes are current. SUMMARY OF UNPAID POST-PETITION DEBTS

NOTE: NEON is paying post-petition amounts in the ordinary course of business according to related vendor histories. ACCOUNTS RECEIVABLE RECONCILIATION AND AGING

DEBTOR QUESTIONNAIRE

6 UNITED STATES BANKRUPTCY COURT DISTRICT OF DELAWARE MONTHLY OPERATING REPORT ~~CASE NAME: NEON COMMUNICATIONS, INC. AND NEON OPTICA, INC. CASE NO.:02-11846 AND 02-11847 MONTH OF: SEPTEMBER 2002~~

The Debtors caution that the monthly operating reports and accompanying attachments have been prepared for filing with the United States Trustee in accordance with the requirements of federal bankruptcy law and the United States Trustee's Office Operating Guidelines and Reporting Requirements for Chapter 11 Cases (the "Guidelines") and have not been prepared in accordance with the rules and regulations of the Securities and Exchange Commission. While these materials accurately provide then-current information required under federal bankruptcy law and the Guidelines, they are nonetheless unaudited, and are prepared in a format different from that used in the consolidated financial statements of the Debtors filed with the Securities and Exchange Commission under the federal securities laws. Accordingly, the Debtors believe the substance and format of these materials do not allow meaningful comparison with the regular publicly-disclosed consolidated financial statements of the Debtors. The materials filed with the United States Trustee are not prepared for the purpose of providing a basis for an investment decision relating to any securities of the Debtor, or for comparison with the other financial information filed by the Debtors with the Securities and Exchange Commission. The Debtors caution that the financial information included in the monthly operating reports has been prepared by management of the Debtors without audit or review by independent accountants, who do not express an opinion thereon. The results of operations for the periods presented in the monthly operating reports are not necessarily indicative of the results that may be expected for a full year. This financial information is subject to year-end audit adjustments as well as other adjustments related to the Debtors' filing for protection under the Bankruptcy Code on June 25, 2002, and these adjustments could be material. 7

NEON COMMUNICATIONS INC 8-K