Premier Exhibitions, Inc. (PRXI) Reports Q4 Loss of $0.03/Share
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Premier Exhibitions Reports Fourth Quarter and Full Year 2014 Results
May 27, 2014 4:30 PM EDTATLANTA, May 27, 2014 (GLOBE NEWSWIRE) -- Premier Exhibitions, Inc. (Nasdaq: PRXI), a leading presenter of museum-quality touring exhibitions around the world, today announced financial results for the fourth quarter and full year ended February 28, 2014.
Comparing the fourth fiscal quarter with the prior year's fourth fiscal quarter:
Total revenue decreased 7.0% to $6.2 million compared to $6.7 million in the fourth quarter of fiscal 2013. Gross profit decreased to $2.3 million from $2.8 million in last year's fourth fiscal quarter, as gross margins declined to 37.6% from 41.6% in the prior year period. Net loss after... More