Tix Corporation Reports Third Quarter and First Nine Months 2019 Results
TIX CORP (TIXC)
US:NASDAQ Investor Relations:
tixcorp.com
Company Research
Source: GlobeNewswire
STUDIO CITY, CA, Nov. 14, 2019 (GLOBE NEWSWIRE) -- Tix Corporation (the “Company”) (OTCQX: TIXC), a leading provider of discount ticketing services, today reported results for the third quarter and first nine months ended September 30, 2019. Third Quarter 2019 Business Highlights: REVENUE – Revenue declined 6% over the prior year period. ADJUSTED EARNINGS – Adjusted Earnings, as defined below, and adjusted for non-routine legal and advisory services for corporate and governance matters, declined slightly to $91,000 as compared to $103,000 in the prior year period. First Nine Months 2019 Business Highlights: REVENUE GROWTH - Revenue improved 2% over the prior year period. ADJUSTED EARNINGS – Adjusted Earnings, as defined below, and which includes an adjustment for non-routine legal and advisory services for corporate and governance matters, improved to $625,000 as compared to ($503,000) in the prior year period. IMPROVED CASH FLOWS - Cash flows used in operations im
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