Tix Corporation Reports First Quarter 2020 Results
TIX CORP (TIXC)
US:NASDAQ Investor Relations:
tixcorp.com
Company Research
Source: GlobeNewswire
STUDIO CITY, Calif., May 01, 2020 (GLOBE NEWSWIRE) -- Tix Corporation (the “Company”) (OTCQX: TIXC), a leading provider of discount ticketing services, today reported results for the first quarter ended March 31, 2020. First Quarter 2020 Summary Results: The Company’s first quarter 2020 revenues decreased to $1,957,000, or 38%, as compared to $3,145,000 in the first quarter 2019, and first quarter 2020 net loss was $927,000, as compared to a $50,000 net income in the first quarter 2019. The Company’s first quarter 2020 financial results were significantly impacted by the closure of entertainment on the Las Vegas Strip, and therefore the cessation of revenue for our business, as discussed below. The Current Las Vegas Marketplace: Our Tix4Tonight business is located in Las Vegas where we sell shows, attractions, tours, and dining from our nine ticket booths that are strategically located on the Strip. As previously announced, due to efforts to mitigate the impact of COVID-19
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