Premier Exhibitions Inc. announced unaudited consolidated earning results and operating results for the third quarter and nine months ended November 30, 2013. For the quarter, the company's total revenue was $6,392,000 compared to $7,912,000 a year ago. Loss from operation was $356,000 compared to $732,000 a year ago. Loss before income taxes was $351,000 compared to $930,000 a year ago. Net loss was $188,000 compared to $979,000 a year ago. Net loss attributable to the shareholders of the company was $233,000 compared to $830,000 a year ago. Basic and diluted loss per share was $0.00 compared to $0.02 a year ago. Net cash used in operating activities was $444,000 compared to net cash provided by operating activities of $902,000 compared to for the same period a year ago. Purchases of property and equipment were $358,000 compared to $200,000 for the same period a year ago. Adjusted LBITDA was $655,000 compared to adjusted EBITDA of $675,000 for the same period a year ago. The decline in revenue was due to lower attendance levels and fewer merchandise sales, and while cost controls remain tight, the company could not reduce expenses sufficiently to stave off decreases in gross profit and adjusted EBITDA.

For the nine months, the company's total revenue was $23,151,000 compared to $32,802,000 a year ago. Income from operation was $693,000 compared to $3,825,000 a year ago. Income before income taxes was $608,000 compared to $3,383,000 a year ago. Net income was $771,000 compared to $3,106,000 a year ago. Net income attributable to the shareholders of the company was $676,000 compared to $3,048,000 a year ago. Basic and diluted income per share was $0.01 compared to $0.06 a year ago. Net cash provided by operating activities was $964,000 compared to $5,009,000 compared to for the same period a year ago. Purchases of property and equipment were $2,970,000 compared to $545,000 for the same period a year ago. Adjusted EBITDA was $2,849,000 compared to $7,601,000 for the same period a year ago.

For the quarter, the company reported total exhibition days were 1,170 compared to 1,246 in the third fiscal quarter of 2013. Average attendance per exhibition day was 298 compared to 399 in last year's third fiscal quarter. Total number of exhibitions presented were 23 compared to 26 in last year's third fiscal quarter. Total attendance for semi-permanent and partner presented exhibitions was 304,000 compared to 497,000 in last year's third fiscal quarter. Average attendance per day for semi-permanent and partnered exhibitions presented were 298,000 compared to 399 in last year's third fiscal quarter. Average ticket price for semi-permanent and partnered exhibitions presented was $16.08 compared to $16.00 in last year's third fiscal quarter. Average retail per attendee for semi-permanent and partnered exhibitions presented was $3.25 compared to $3.54 in last year's third fiscal quarter.

For the nine months, the company reported total exhibition days were 3,590 compared to 4,205 for the same period last year. Average attendance per exhibition day was 386 compared to 534 for the same period last year. Total number of exhibitions presented were 31 compared to 31 for the same period last year. Total attendance for semi-permanent and partner presented exhibitions was 1,237,000 compared to 2,245,000 for the same period last year. Average attendance per day for semi-permanent and partnered exhibitions presented were 386,000 compared to 534 for the same period last year. Average ticket price for semi-permanent and partnered exhibitions presented was $14.72 compared to $14.93 for the same period last year. Average retail per attendee for semi-permanent and partnered exhibitions presented was $3.38 compared to $3.25 for the same period last year.