Tix Corp. (PINK:TIXC
, TIXC message board
) doesn't get a lot of attention these days. Yesterday was one of the few days with relatively high volume and it reached just over 60 thousand shares.
The session ended with a 1.08% price increase and a close at $1.87. There weren't any news or new filings to incite above the average activity, but then again the activity wasn't anything too impressive.
Recently, the company published its quarterly results. Some of the numbers for Q3 were:
- $5,861,000 cash
- $8,230,000 total current assets
- $5,920,000 total current liabilities
- $9,475,000 revenues
- $647,000 income
TIXC has repurchased some of its shares, and the income for the quarter brings the nine month's income to $2.2 million. Yet, it seems at this point it's just not enough to secure an active market for the stock.
TIXC operates through subsidiaries in two main segments. One is the ticket services segment and the other is the exhibit merchandising segment. If the company manages to grow its business significantly, it could help make its stock more liquid, but at this time TIXC is not there yet.