Income from operations for convention organizer Wizard World Inc. grew 448% to $692,202 in Q1 2014 vs. the same period a year ago, when it was only 126,092, the company announced Wednesday.  Wizard World ran four shows in Q1 2014, vs. two in 2013, part of a planned doubling of the company’s events in 2014 (see "Wizard Nearly Doubling"). 

Average revenue per event continues to grow; Wizard World brought in around $1.3 million per event in Q1 2014, vs. around $900,000 per event in Q1 2013.  With revenue per event increasing and the number of events doubling, Wizard World’s revenues nearly tripled, from $1.8 million in Q1 2013 to $5.2 mililion in Q1 2014.  

Wizard World revenues grew 66% in its full year 2013, to around $11.2 million, but it showed a loss due to derivative adjustments and share-based compensation.  It seems poised to more than double its sales in 2014, and is increasing sales faster than expenses.  Now that it has unwound its derivative positions (as of the end of 2013), the company could begin to throw off some significant profits.