trans-lux corp (TNLX) Key Developments
Trans-Lux Corporation Appoints Yaozhong Shi as a Class B Member of the Board of Directors
Jun 30 14
Trans-Lux Corporation announced that on June 27, 2014, the Board of Directors appointed Yaozhong Shi as a Class B member of the Board of Directors of the company, thereby filling the vacancy left by the departure of Jean Firstenberg, to serve until the Annual Meeting of Stockholders in 2016, or until his successor is duly elected and qualified. Mr. Shi is the Chairman of Retop Industrial (Hong Kong) Limited.
Trans-Lux Corporation Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2014
Jun 18 14
Trans-Lux Corporation reported unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenues of $6.5 million, up from $4.1 million for the three months ended March 31, 2013. Revenues for the first quarter of 2014 included a digital display for the Charlotte Knights new AAA baseball stadium completed as a partnership with Toshiba, as well as a few digital displays for World Cup venues in Brazil. EBITDA from continuing operations for the quarter improved to $697,000 as compared to LBITDA from continuing operations of $375,000 in the same quarter of 2013. Loss from continuing operations for the first quarter of 2014 was reduced to $162,000 or $0.15 per basic & diluted share, compared with a loss from continuing operations of $1.3 million or $1.30 per basic & diluted share in the first quarter of 2013. Higher digital display revenues and lower general and administrative expenses are the primary reasons for the improvements. Total EBITDA was $697,000 compared to $647,000 for the same period a year ago. Total loss per basic and diluted share was $0.15 compared to $0.30 for the same period a year ago.
Trans-Lux Announces Executive Changes
Jun 3 14
Trans-Lux announced that effective May 29, 2014, Mr. Todd Dupee stepped down from his position as Chief Financial Officer of the company. Mr. Dupee continues to be employed as a Vice President of the company and will assume the role of Controller. Effective May 29, 2014, Mr. Robert J. Conologue was elected by the company's Board of Directors to serve as the company's Chief Financial Officer. Mr. Conologue previously served as Chief Financial Officer of Utrecht Art Supplies.
Trans-Lux Corporation Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013
Jun 3 14
Trans-Lux Corporation reported earnings results for the fourth quarter and full year ended December 31, 2013. The company has reported that net loss for the fourth quarter ended December 31, 2013 was $1.01 million, or $0.96 loss per share, compared to a net loss of $630,000, or $0.62 loss per share, for the same quarter ended December 31, 2012. Revenues for the fourth quarter ended December 31, 2013 were $5.82 million, compared to $4.66 million for the same quarter ended December 31, 2012.
The company net loss for the year ended December 31, 2013 was $1.87 million, or $1.79 loss per share, compared to a net loss of $1.36 million, or $2.21 loss per share, for the year ended December 31, 2012. Revenues for the year ended December 31, 2013 were $20.91 million, compared to $23.02 million for the year ended December 31, 2012.
Trans-Lux Corporation announced delayed 10-Q filing
May 16 14
On 05/16/2014, Trans-Lux Corporation announced that they will be unable to file their next 10-Q by the deadline required by the SEC.