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Premier Exhibitions Q4 Loss Narrows

Premier Exhibitions Inc. (PRXI) Wednesday said its loss for the fourth quarter narrowed from last year, due mainly to lower operating expenses.

The Atlanta, Georgia-based company reported a fourth-quarter net loss attributable to shareholders of $2.90 million or $0.06 per share, compared to $5.13 million or $0.11 per share last year.

Total revenues for the quarter dropped to $7.54 million from $9.76 million in the prior-year quarter.

For the quarter, total operating expenses decreased to $5.86 million from $7.06 million last year.

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