Premier Exhibitions (PRXI) Reports Q3 Loss of $0.04/Share

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Premier Exhibitions Reports Third Quarter Fiscal 2015 Results

January 13, 2015 4:05 PM EST

ATLANTA, Jan. 13, 2015 (GLOBE NEWSWIRE) -- Premier Exhibitions, Inc. (Nasdaq: PRXI), a leading presenter of museum-quality touring exhibitions around the world, today announced financial results for the third quarter of fiscal 2015 ended November 30, 2014.

Comparing the third fiscal quarter 2015 with the prior year's third fiscal quarter:

Total revenue increased 5.2% to $6.7 million compared to $6.4 million in the third quarter of fiscal 2014. Gross profit decreased to $1.9 million from $2.4 million in last year's third fiscal quarter, mainly due to non-cash rent expense of approximately $900 thousand related to the New York City location.... More