Ballantyne Strong (BTN) Reports Q4 Loss of $0.08

Ballantyne Strong (NYSE: BTN) reported Q4 EPS of ($0.08), versus $0.02 reported last year. Revenue for the quarter came in at $27.1 million, versus $284 million reported last year.

Kyle Cerminara, Chairman and CEO of Ballantyne Strong, commented, “We are excited about the continued improvements in our Cinema and Digital Media businesses. Over the past several months the Board has implemented a strategy for the company that focuses on making optimal capital allocation decisions across the company’s businesses and investments. We expect to continue to invest in and grow the Cinema and Digital Media businesses. We are also evaluating investments in other industries where we believe the company can earn high returns on invested capital. Increased cash flow and return on invested capital is what we expect to drive increased shareholder value at Ballantyne Strong over the next five years and beyond.”

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

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