OREANDA-NEWS. NightCulture, Inc. (OTCQB:NGHT) (the "Company") announced operating results for the quarter ending March 31, 2016, including a 25.2% increase in revenues to a record $1,464,999 for Q1 2016 compared to $1,170,084 during the same period in 2015.

The Company reported a 245.4% increase in operating profit of $152,870 in Q1 2016 compared to an operating loss of ($105,132) in the Q1 2015 reporting period.

The Company reported a net income of $155,504 or $0.00 per share, compared to a net income of $796,454 or $0.01 per share in Q1 2015. The fluctuation of derivative liability was the major contribution to the variations in the net income between periods.

Q1 Highlights

  • Announcement of expansion for Stereo Live Dallas
  • 57 shows completed in Q1, with 11 sold out shows
  • Three consecutive sold out shows with Diplo
  • Other notable artists playing in Q1 include Deorro, Excision, W&W, Carnage, Benny Benassi, Madeon, & Oliver Heldens

About NightCulture Inc.

NightCulture Inc. (OTCQB: NGHT) is a premier producer of Electronic Dance Music (EDM) shows and festivals. NightCulture operates in the following markets: Houston, San Antonio, Austin, & Dallas/Ft.