Ballantyne Strong (BTN) Reports Q3 Loss of $0.23

Ballantyne Strong (NYSE: BTN) reported Q3 EPS of ($0.23), versus ($0.01) reported last year. Revenue for the quarter came in at $23.5 million, versus $22.7 million reported last year.

The financial results for the third quarter of 2015 include $3.9 million of charges that are expected to be non-recurring in nature. These charges include the following items:

• A charge of $1.6 million related to the valuation of notes receivable
• A charge of $1.0 million related to the valuation of inventory
• A charge of $0.6 million related to the impairment of software intangibles
• A charge associated with a deferred tax asset write off of $0.4 million
• Other net charges of $0.3 million

For earnings history and earnings-related data on Ballantyne Strong (BTN) click here.

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