Premier Exhibitions Inc. announced unaudited consolidated financial results for the first quarter ended May 31, 2015. For the quarter, the company reported total revenue decreased 3.2% to $7.2 million compared to $7.5 million in the first quarter of fiscal 2015. Exhibition revenue was negatively impacted by a reduction in the number of exhibitions rented to promoters or museums. Net loss after non-controlling interest was $2.3 million, or $0.46 per diluted share, compared to net loss after non-controlling interest of $1.2 million, or $0.25 per diluted share in last year's first fiscal quarter. Adjusted EBITDA, a non-GAAP measure, was $0.6 million, a decrease of $0.4 million from in the prior year. EBITDA, a non-GAAP measure was $0.6 million, a decrease of $0.4 million from in the prior year. Loss from operations was $2,164,000 against $1,358,000 a year ago. Loss before income taxes was $2,545,000 against $1,363,000 a year ago. Net cash provided by operating activities was $1,369,000 against net cash from operating activities of $1,119,000 a year ago. Purchases of property and equipment were $5,166,000 against $370,000 a year ago.

The company reported write-off of assets of $16,000 for the first quarter ended May 31, 2015.