BTN $3.74 NYSE, Ballantyne Strong Inc to report BMO
Shares Outstanding: 13.96M Float: 13.57M % Held by Insiders1: 4.58% % Held by Institutions1: 43.90% Shares Short (as of Feb 15, 2013)3: 25.05K
‘The Hobbit: An Unexpected Journey’ World Premiere Viewed on Ballantyne Strong’s Unique Customized 3D Silver Cinema ScreenBusiness Wire(Wed, Dec 12)
Nov-Despite the VPF extensions and competitive pricing pressures on our company as a projection system reseller, we are successfully leveraging our unique competitive advantage as a leading turnkey cinema systems and service provider. As a result we have been winning additional business by building lower-margin digital projector sales with the higher margin cinema screen and after-the-sale service, which provides Ballantyne with a higher margin than we generate from standalone equipment sales. As a result of the VPF extensions, we expect some of the delayed business to positively impact future reporting periods, pending the ultimate timing of the financing to fund these installs