Ballantyne Strong to Announce 2020 Fourth-Quarter Financial Results and Host Conference Call on March 10, 2021
March 02 2021 - 05:26PM
Ballantyne Strong, Inc. (NYSE American: BTN) (the “Company”),
a diversified holding company with operations and investments
across a broad range of industries, today announced that the
Company will issue its 2020 fourth-quarter financial results after
the market closing on Wednesday, March 10, 2021. The Company’s
financial results and an accompanying slide presentation will also
be available on the Investor Relations page of the Company’s
website at ballantynestrong.com/investors.
A conference call to discuss the 2020
fourth-quarter financial results will be held on Wednesday, March
10, 2021 at 5:00 pm Eastern Time. Investors and analysts are
invited to access the conference call by dialing (877) 407-3982
(domestic) or (201) 493-6780 (international) and providing the
operator with conference ID number: 13717107. Please dial in at
least five minutes before the start of the call to register. A
replay will be available approximately three hours after the
conclusion of the conference call until Saturday, April 10, 2021 by
dialing (844) 512-2921 in the U.S. and Canada and (412) 317-6671
internationally and entering the conference ID number:
13717107.
About Ballantyne Strong, Inc.
Ballantyne Strong, Inc.
(www.ballantynestrong.com) is a diversified holding company with
operations and investments across a broad range of industries. The
Company’s Strong Entertainment segment includes the largest premium
screen supplier in the U.S. and also provides technical support
services and other related products and services to the cinema
exhibition industry, theme parks and other entertainment-related
markets. Ballantyne Strong holds a $13 million preferred investment
along with Google Ventures in privately held Firefly Systems, Inc.,
which is rolling out a digital mobile advertising network on
rideshare and taxi fleets. Finally, the Company holds a 30%
ownership position in GreenFirst Forest Products Inc. (TSX: GFP)
which has recently completed an investment in a sawmill and related
assets and a 21% ownership position in FG Financial Group, Inc.
(Nasdaq: FGF) which is implementing business plans to operate as a
diversified insurance, reinsurance and investment management
holding company.
Forward-Looking Statements
Except for the historical information in this
press release, it includes forward-looking statements, including
but not limited to those discussed in the “Risk Factors” section
contained in Item 1A in our Annual Report on Form 10-K for the year
ended December 31, 2019, Part II, Item 1A of the Company’s
Quarterly Report on Form 10-Q for the quarterly period ended
September 30, 2020 and the Company’s subsequent filings with the
Securities and Exchange Commission, and the following risks and
uncertainties: the negative impact that the COVID-19 pandemic
has already had, and may continue to have, on the Company’s
business and financial condition; the Company’s ability to maintain
and expand its revenue streams to compensate for the lower demand
for the Company’s digital cinema products and installation
services; potential interruptions of supplier relationships or
higher prices charged by suppliers; the Company’s ability to
successfully compete and introduce enhancements and new features
that achieve market acceptance and that keep pace with
technological developments; the Company’s ability to successfully
execute its capital allocation strategy or achieve the returns it
expects from these investments; the Company’s ability to maintain
its brand and reputation and retain or replace its significant
customers; challenges associated with the Company’s long sales
cycles; the impact of a challenging global economic environment or
a downturn in the markets (such as the current economic disruption
and market volatility generated by the ongoing COVID-19 pandemic);
economic and political risks of selling products in foreign
countries (including tariffs); risks of non-compliance with U.S.
and foreign laws and regulations, potential sales tax collections
and claims for uncollected amounts; cybersecurity risks and risks
of damage and interruptions of information technology systems; the
Company’s ability to retain key members of management and
successfully integrate new executives; the Company’s ability to
complete acquisitions, strategic investments, entry into new lines
of business, divestitures, mergers or other transactions on
acceptable terms; or at all; the impact of the COVID-19 pandemic on
the companies in which the Company holds investments; the Company’s
ability to utilize or assert its intellectual property rights, the
impact of natural disasters and other catastrophic events (such as
the ongoing COVID-19 pandemic); the adequacy of insurance; the
impact of having a controlling stockholder and vulnerability to
fluctuation in the Company’s stock price. Given the risks and
uncertainties, readers should not place undue reliance on any
forward-looking statement and should recognize that the statements
are predictions of future results which may not occur as
anticipated. Many of the risks listed above have been, and may
further be, exacerbated by the COVID-19 pandemic, its impact on the
cinema and entertainment industry, and the worsening economic
environment. Actual results could differ materially from those
anticipated in the forward-looking statements and from historical
results, due to the risks and uncertainties described herein, as
well as others not now anticipated. New risk factors emerge from
time to time and it is not possible for management to predict all
such risk factors, nor can it assess the impact of all such factors
on the Company’s business or the extent to which any factor, or
combination of factors, may cause actual results to differ
materially from those contained in any forward-looking statements.
Except where required by law, the Company assumes no obligation to
update, withdraw or revise any forward-looking statements to
reflect actual results or changes in factors or assumptions
affecting such forward-looking statements.
Investor Relations Contacts
Mark Roberson |
John Nesbett / Jennifer Belodeau |
Ballantyne Strong, Inc. - Chief Executive Officer |
IMS Investor Relations |
(704) 994-8279 |
(203) 972-9200 |
IR@btn-inc.com |
jnesbett@institutionalms.com |
Ballantyne Strong (AMEX:BTN)
Historical Stock Chart
From Feb 2024 to Mar 2024
Ballantyne Strong (AMEX:BTN)
Historical Stock Chart
From Mar 2023 to Mar 2024