Brief: Premier Exhibitions posts Q2 loss $0.63/share

Pryxie Liquidation

14/10/2015 12:00

Oct 14 (Reuters) - Premier Exhibitions Inc  PRXI.O : 
 * Reports second quarter fiscal 2016 results 
 * Q2 revenue fell 18.8 percent to $6.7 million 
 * Says "we need additional financing to be able to continue our operations." 
 * Q2 loss per share $0.63 
 * Post-merger management believes that the company will need up to $5.0 million 
   of additional capital to fund ongoing operations 
 * If co unable to obtain additional financing, will likely not be able to 
   continue operations as "currently anticipated or at all" 
 * Believe through management of cash flow and payment obligations that co 
   should reach the expected merger date of October 29, 2015 
 
 * Source text for Eikon  ID:nGNXVEPHGa  
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