Martin Lawrence Galleries Reports Losses for ’95
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Martin Lawrence Limited Editions Inc., a Van Nuys operator of art galleries that has had continuing financial problems, reported losses for its fourth quarter and all of 1995.
In the three months ended Dec. 31, Martin Lawrence lost $1.73 million, compared to a loss a year earlier of $1.15 million. Its quarterly revenue was $4.75 million, up 2% from the $4.66 million in revenue a year before.
The company’s annual loss was $4.27 million, and its revenue for the year totaled $19.4 million, a 20% gain. In 1994, it lost $4.29 million on $16.2 million in revenue.
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