Ballantyne Strong (BTN) Reports Q4 Loss of $0.05

March 12, 2020 8:07 AM EDT

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Ballantyne Strong (NYSE: BTN) reported Q4 EPS of ($0.05), versus ($0.04) reported last year. Revenue for the quarter came in at $17.13 million, versus $18.23 million reported last year.

Kyle Cerminara, Chairman and CEO, commented, “During 2019, we were focused on driving improved operating performance from each of our business units. We repositioned Convergent’s operating model to focus on expanding our Digital Signage as a Service platform, we restructured Strong Outdoor’s cost model and expanded our sales team resulting in its first profitable quarter, and we completed the plant expansion in Quebec following the weather-related damage in early 2019. We also completed a transaction with Firefly wherein we received a preferred equity stake, which we believe offers significant upside potential. Firefly continues to rapidly expand its digital advertising business and we are excited to participate in its anticipated success going forward.”

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

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