trans-lux corp (TNLX) Key Developments
Ttrans-Lux Corporation Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
Aug 13 15
Trans-Lux Corporation reported unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, revenues were $6,044,000 compared to $5,901,000 for the same period in 2014. Net loss was $582,000 or $0.35 per basic and diluted share compared to $2,504,000 or $2.26 per basic and diluted share for the same period in 2014. Total EBITDA was $122,000 compared to LBITDA was $1,642,000 for the same period in 2014. The improved operating results were the result of both improved margins and lower selling, general and administrative expenses.
For six months, revenues were $10,398,000 compared to $12,365,000 for the same period in 2014. Net loss was $1,263,000 or $0.75 per basic and diluted share compared to $2,666,000 or $2.47 per basic and diluted share for the same period in 2014. Total EBITDA was $105,000 compared to LBITDA was $945,000 for the same period in 2014. The improved operating results were the result of both improved margins and lower selling, general and administrative expenses.
Trans-Lux Corporation Ratifies the Appointment of BDO USA, LLP as Independent Registered Public Accounting Firm for the Fiscal Year Ending December 31, 2015
Jul 6 15
Trans-Lux Corporation at the annual shareholders meeting held on June 29, 2015, ratified the appointment of BDO USA, LLP, as the corporation's independent registered public accounting firm for the fiscal year ending December 31, 2015.
Trans-Lux Announces the Opening of New Design and Production Facility in Shenzhen, China
Jun 16 15
Trans-Lux announced the opening of a new design and production facility in Shenzhen, China to complement its existing manufacturing operations in Des Moines, IA. Additionally, the company announced the formation of new technology partnerships with leading LED suppliers Prismaflex International in Haute-Rivoire, France, and Squadrat in Schwanstetten, Germany. The new factory in China, which has already started production of TL Vision and Prismatronic branded LED display systems, further expands and enhances the company's portfolio of LED solutions. The new China facility also provides TransLux with complete control over mission critical processes to ensure the quality and reliability of products while reducing overall costs. By combining the resources of these two facilities, Trans-Lux will achieve greater manufacturing efficiencies which are being passed to customers in the form of more aggressive pricing. In addition to an expanded role in the manufacture of LED displays, the company's US manufacturing facility will continue to develop new solutions for the sports scoreboard marketed under the highly popular Fair-Play by Trans-Lux brand.
Trans-Lux Corporation, Annual General Meeting, Jun 29, 2015
May 29 15
Trans-Lux Corporation, Annual General Meeting, Jun 29, 2015., at 11:00 US Eastern Standard Time. Location: Park Avenue Tower. Agenda: To elect three directors to serve for a term of two years and elect two directors to serve for a term of three years; in each case until their respective successors; to ratify the appointment of BDO USA, LLP, as the corporation's independent registered public accounting firm for the fiscal year ending December 31, 2015; and to transact such other business as may properly come before the Annual Meeting or any adjournment or postponement thereof.
Trans-Lux Corporation announced delayed annual 10-K filing
Apr 1 15
On 04/01/2015, Trans-Lux Corporation announced that they will be unable to file their next 10-K by the deadline required by the SEC.