Wizard World, Inc. has released its second quarter 2014 financial results in the Company’s Quarterly Report on Form 10-Q for the period ended June 30, 2014.

During the time period the company hosted four comic cons: St. Louis, Minneapolis, Atlanta and Philadelphia. Convention revenue for period ended June 30, 2014 was $7,110,940, an increase of $4,209,524 (or 145%) from $2,901,416 reported in the comparable period in 2013. Convention revenue for the six months ended June 30, 2014 was $12,284,138, an increase of $7,589,246 (or 162%) from $4,694,892 reported in the comparable period in 2013.

The significant increase in revenue in 2014 is:

…primarily accredited to the Company’s team’s dedication to delivering higher quality events, including better organization, more programming, and an exciting list of celebrities and artists to an increasing fan base, which all translates to higher revenue growth.

The company ran eight events during the first six months ended June 30, 2014, as compared to four events during the comparable period in 2013. Average revenue generated per event in 2014 was $1,535,517 as compared to $1,173,723 during 2013.

Operating expenses were $2,002,931 in Q2 2014, as compared to $859,536 the same period in 2013, which was the result of increases in staffing and employment costs due to the increased number and size of the events. Operating expenses for the six months ended June 30, 2014, was $3,223,900, as compared to $1,550,043 reported in the comparable period in 2013.

Income from operations was $759,842 in Q2 2014, an increase of 358% from $(293,666) reported in the comparable period in 2013. Income from operations for the six months ended June 30, 2014, was $1,452,044 as compared to $(167,574) reported in the comparable period in 2013. The increase is primarily attributable to running more and larger events with similar fixed costs.

The company reported a net income of $759,703 or income per share of $0.01 for the three months ended June 30, 2014, as compared to $(3,183,533) or loss per share of $0.09, in the comparable period in 2013. Net income for the six months ended June 30, 2014, was $1,451,744 or income per share of $0.03, as compared to $(2,079,357) or loss per share of $(0.06), reported in the comparable period in 2013. Income in 2014 was primarily generated from convention revenue and stronger profit margin versus the loss in 2013 which was non-cash generated from a loss on the fair value of the company’s derivative liabilities, and by year end of 2013 the company successfully extinguished all derivative instruments.

At June 30, 2014, the company had working capital of $4,030,802 and as of August 8, 2014, there were 51,341,524 shares of common stock issued and outstanding.

The company will continue its 2014 tour next in Chicago, August 21–24. Seven additional shows are scheduled in 2014, bringing the yearly total to 16 conventions.