Premier Exhibitions Inc. Reports Un-Audited Consolidated Earnings Results for the Second Quarter and Six Months Ended August 31, 2014
October 14, 2014 at 09:01 pm
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Premier Exhibitions Inc. reported un-audited consolidated earnings results for the second quarter and six months ended August 31, 2014. For the quarter, the company's total revenue was $8,297,000 compared to $7,819,000 a year ago. Loss from operations was $1,857,000 compared to $214,000 a year ago. Loss before income taxes was $1,858,000 compared to $159,000 a year ago. Net loss was $1,858,000 compared to $90,000 a year ago. Net loss attributable to the shareholders of the company was $1,653,000 or $0.03 diluted per share compared to $62,000 or $0.00 diluted per share a year ago. Net cash provided by operating activities was $657,000 compared to $486,000 a year ago. Purchases of property and equipment were $23,000 compared to $2,311,000 a year ago. Adjusted LBITDA was $568,000 compared to adjusted EBITDA of $1,188,000 a year ago.
For the six months, the company's total revenue was $15,788,000 compared to $16,759,000 a year ago. Loss from operations was $3,215,000 compared to income from operations of $1,049,000 a year ago. Loss before income taxes was $3,221,000 compared to income before income taxes of $959,000 a year ago. Net loss was $3,221,000 compared to net income of $959,000 a year ago. Net loss attributable to the shareholders of the company was $2,865,000 or $0.06 diluted per share compared to net income attributable to the shareholders of the company of $909,000 or $0.02 diluted per share a year ago. Net cash provided by operating activities was $1,776,000 compared to $1,408,000 a year ago. Purchases of property and equipment were $393,000 compared to $2,612,000 a year ago. Adjusted LBITDA was $706,000 compared to adjusted EBITDA of $3,504,000 a year ago.
Pryxie Liquidation Corp., formerly Premier Exhibitions, Inc., is a provider of museum-quality exhibitions. The Company is engaged in developing and displaying exhibitions for education and entertainment. The Company presents touring exhibitions around the world. The Company's exhibitions present opportunities to experience compelling stories using authentic objects and artifacts in diverse environments. Its exhibitions are presented in museums, exhibition centers and other entertainment venues. Its exhibitions are presented in areas, including Philadelphia, Winnipeg, Gallipolis, Calgary, Las Vegas and Atlanta. The Company's services include content development, exhibit design, brand development, space planning and detailed fabrication drawings. It also offers services, such as merchandising; e-commerce, and conceptual exhibition design, including branding, space planning and exhibition design.