TIX CORPORATION REPORTS FULL YEAR 2019 RESULTS
TIX CORP (TIXC)
US:NASDAQ Investor Relations:
tixcorp.com
Company Research
Source: GlobeNewswire
STUDIO CITY, CA, March 19, 2020 (GLOBE NEWSWIRE) -- Tix Corporation (the “Company”) (OTCQX: TIXC), a leading provider of discount ticketing services, today reported results for the full year ended December 31, 2019. Full Year 2019 Summary Results: The Company’s revenues decreased to $12.7 million, or 2%, as compared to $13.0 million in 2018. Operating loss was $1.1 million, as compared to $4.4 million in 2018. The Company’s operating loss was impacted by the decrease in revenues, an increase in legal and professional fees primarily related to governance matters of $741,000, offset by approximately $1.1 million in cost reductions, as compared to 2018. In 2018, our operating loss included an impairment of goodwill charge of $3.1 million, which did not occur in 2019. Due to the Company’s recent operating losses, and the current disruption to the Company caused by efforts to mitigate the impact of the COVID-19 virus in Las Vegas, as announced earlier this week, the Company’
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