Tuxis Corporation Announces First Quarter 2014 Financial Results

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    Tuxis Corporation reported its financial results for the first quarter ended March 31, 2014.

    Tuxis recorded a net loss of $68,324 or $0.06 per share for the three months ended March 31, 2014 compared to a net loss of $62,263 or $0.06 per share for the three months ended March 31, 2013. Revenue from rental income was $117,027 for the three months ended March 31, 2014 compared to $121,051 for the three months ended March 31, 2013. The Company’s primary source of revenue is rental income from its self storage facilities. Tuxis had an adjusted EBITDA loss of $26,467 for the three months ended March 31, 2014 compared to an adjusted EBITDA loss of $33,052 for the three months ended March 31, 2013.

    The Company’s book value per share at March 31, 2014 was $5.32 (shareholders’ equity of $6,035,320 divided by 1,133,477 shares issued and outstanding).

    The Company’s unaudited balance sheet, statements of income, and statements of cash flows as of and for the three months ended March 31, 2014 including a reconciliation of net loss to adjusted EBITDA, are appended to the copy of this press release on www.tuxis.com.

    About Tuxis

    Tuxis Corporation is engaged through subsidiaries in self storage and real estate development. Tuxis Self Storage at Heritage Park, Clinton, Connecticut, is a 184 unit self storage facility which offers a mix of standard and climate control units. Tuxis Self Storage at Millbrook Commons, Millbrook, New York, is a mixed use facility consisting of 141 climate control self storage units including wine storage bins and complemented by rental office space. To learn more about our self storage facilities please visit www.tuxisselfstorage.com. To learn more about Tuxis Corporation, including Rule 15c2-11 information, please visit www.tuxis.com.

    (via MarketWired)

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