Premier Exhibitions, Inc. Reports First Quarter Results

ATLANTA, July 8, 2008 (PRIME NEWSWIRE) -- Premier Exhibitions, Inc. (Nasdaq:PRXI), a major developer of touring museum quality exhibitions, today announced financial results for the first quarter of the fiscal year ending February 28, 2009 ("Fiscal 2009"). Revenue for the first quarter increased 34%, to $15.2 million, compared to $11.4 million in the first quarter of the fiscal year ended February 29, 2008 ("Fiscal 2008"). We realized a net loss of ($0.9) million for the first quarter compared to net income of $3.3 million in the same quarter last year. Diluted income (loss) per common share for the quarters ended May 31, 2008 and May 31, 2007 was ($0.03) and $0.10, respectively. EBITDA (a non-GAAP measure) for the first quarter of Fiscal 2009 and for the same period last year was ($0.1) million and $5.7 million,... [read full story]