Premier Exhibitions Inc. Announces Consolidated Earnings Results for the Fourth Quarter and Audited Consolidated Earnings Results for the Full Year Ended February 28, 2015
May 29, 2015 at 01:40 am IST
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Premier Exhibitions Inc. announced consolidated earnings results for the fourth quarter and audited consolidated earnings results for the full year ended February 28, 2015. For the quarter, the company reported total revenue of $6,875,000 against $6,197,000 a year ago. Loss from operations was $5,202,000 against $1,444,000 a year ago. Loss before income taxes was $6,095,000 against $1,549,000 a year ago. Net loss attributable to shareholders of the company was $5,477,000 against $1,390,000 a year ago. Basic and diluted loss per common share was $1.11 against $0.28 a year ago. Net cash used in operating activities was $672,000 against $481,000 a year ago. Purchases of property and equipment were $3,560,000 against $144,000 a year ago. Adjusted LBITDA, a non-GAAP measure, was $0.9 million, a decrease of $0.3 million from the prior year period.
For the year, the company reported total revenue of $29,390,000 against $29,348,000 a year ago. Loss from operations was $10,487,000 against $751,000 a year ago. Loss before income taxes was $11,693,000 against $941,000 a year ago. Net loss attributable to shareholders of the company was $10,475,000 against $714,000 a year ago. Basic and diluted loss per common share was $2.13 against $0.14 a year ago. Net cash used in operating activities was $1,386,000 against net cash provided by operating activities of $483,000 a year ago. Purchases of property and equipment were $4,001,000 against $3,114,000 a year ago. Adjusted LBITDA, a non-GAAP measure, was $1.9 million, a decrease of $4.2 million from the prior year's results.
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.
Premier Exhibitions Inc. Announces Consolidated Earnings Results for the Fourth Quarter and Audited Consolidated Earnings Results for the Full Year Ended February 28, 2015