Premier Exhibitions Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended August 31, 2015
October 14, 2015 at 04:30 pm IST
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Premier Exhibitions Inc. reported unaudited consolidated earnings results for the second quarter and six months ended August 31, 2015. For the quarter, the company's total revenue was $6,739,000 compared to $8,297,000 a year ago. Loss from operations was $3,016,000 compared to $1,857,000 a year ago. Loss before income taxes was $3,460,000 compared to $1,858,000 a year ago. Net loss attributable to the shareholders of the company was $3,096,000 or $0.63 basic and diluted per share compared to $1,653,000 or $0.34 basic and diluted per share a year ago. Net cash used in operating activities was $1,909,000 compared to net cash provided by operating activities $657,000 a year ago. Purchases of property and equipment were $93,000 compared to $23,000 a year ago. Adjusted LBITDA was $1,326,000 compared to $568,000 a year ago.
For the six months, the company's total revenue was $13,988,000 compared to $15,788,000 a year ago. Loss from operations was $5,180,000 compared to $3,215,000 a year ago. Loss before income taxes was $6,005,000 compared to $3,221,000 a year ago. Net loss attributable to the shareholders of the company was $5,373,000 or $1.09 basic and diluted per share compared to $2,865,000 or $0.58 basic and diluted per share a year ago. Net cash used in operating activities was $3,278,000 compared to net cash provided by operating activities of $1,776,000 a year ago. Purchases of property and equipment were $5,259,000 compared to $393,000 a year ago. Adjusted LBITDA was $1,895,000 compared to $706,000 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.