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Premier Exhibitions fiscal Q3 loss narrows YOY

Premier Exhibitions Inc. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, amounted to a loss of 25 cents per share, compared with a loss of 26 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $1.2 million, compared with a loss of $1.3 million in the year-earlier period.

The normalized profit margin climbed to negative 18.5% from negative 19.9% in the year-earlier period.

Total revenue climbed 5.2% on an annual basis to $6.7 million from $6.4 million, and total operating expenses rose 5.2% from the prior-year period to $8.8 million from $8.4 million.

Reported net income came to a loss of $2.0 million, or a loss of 43 cents per share, compared to a loss of $233,000, or a loss of 5 cents per share, in the prior-year period.