BTN - BTN STOCK NEWS

Ballantyne Strong (NYSE: BTN) announces a three-year exclusive supply agreement with Marcus Theatres for cinema screens by its subsidiary, STRONG/MDI Screen Systems. This partnership aims to enhance cinema presentation quality across the U.S., reflecting a strong commitment from both firms. Continuation of their longstanding relationship signifies confidence in STRONG/MDI’s technology. The agreement is expected to bolster operational growth as cinema circuits upgrade their offerings, driving potential revenue increases for BTN.

Ballantyne Strong (NYSE: BTN) reported a significant 68% revenue growth in Q3 2022, totaling $10.3 million, as the cinema industry recovers. The company is enhancing its services amid increasing demand for laser projection upgrades from exhibitors. Strong Studios is set to deliver two new projects, with Safehaven scheduled for 2023 release. Despite a net loss of $2.2 million compared to a profit in the previous year, adjusted EBITDA improved to $0.2 million. The company remains focused on long-term growth and value creation for shareholders.

Ballantyne Strong, Inc. (NYSE American: BTN) announced it will release its 2022 Q3 financial results on November 8, 2022, after market close. The corresponding financial data and slide presentation will be accessible on the company's Investor Relations page. A conference call to discuss the results will take place the same day at 5:00 PM ET, available via live webcast or by phone. The company is known for being a leading screen supplier in North America and has operations in diverse sectors, including entertainment and equity stakes in various firms.

Ballantyne Strong's subsidiary, Strong Technical Services, has launched a new digital content delivery system for cinemas, leveraging Google Cloud. This service allows partners to upload and distribute content from a single digital feed, streamlining operations. Following successful pilots at 20 locations, the service is now expanding to the broader customer base. Strong Technical Services aims to enhance operational efficiency, further diversifying its technology offerings within the cinema industry, according to President Ray Boegner.

Ballantyne Strong Inc. (NYSE American: BTN) announced the launch of the HGA ReAct 1.4 cinema screen, designed specifically for high-resolution laser projectors. This innovative screen offers superior light diffusion, ideal for both 2D and 3D experiences. The proprietary HGA coating enhances brightness and viewing angles, providing an immersive cinematic experience. The product aims to satisfy customer demands for premium performance, representing a significant addition to STRONG/MDI’s product portfolio.

Strong Studios, a subsidiary of Ballantyne Strong (NYSE American: BTN), has secured the rights to 4th and Goal: One Man's Quest to Recapture His Dream, a biographical book by Monte Burke, to create a feature film titled 4th & Goal. The film chronicles Joe Moglia, who transitioned from CEO of TD Ameritrade to college football head coach. Directed by Todd Robinson, the movie aims to inspire audiences with Moglia's journey of resilience and ambition. Production discussions with distributors are underway, as Strong Studios expands its entertainment portfolio.

Ballantyne Strong reported a 50% revenue increase in Q2 2022, reaching $9.1 million, as cinema attendance recovered. The gross profit was stable at $2.4 million, with margins at 26.5%. However, the company experienced a net loss of $5.6 million, attributed to unrealized losses on equity holdings. The newly launched Strong Studios started production on its first project, Safehaven. Additionally, an IPO registration for Strong Entertainment was filed, signaling future growth potential. Despite these positive aspects, the overall financial performance reflects ongoing challenges.

Ballantyne Strong, Inc. (NYSE American: BTN) will release its second-quarter financial results on August 2, 2022, post-market close. A conference call to discuss these results is scheduled for the same day at 5:00 PM ET. The financial details and a slide presentation will be accessible on the Company's Investor Relations page. Interested parties can join the call via webcast or phone. The Company operates in multiple sectors, with significant involvement in cinema technology and entertainment content production.

Fundamental Global has amended its Schedule 13D to report the acquisition of 632,911 shares of FG Financial Group (FGF), raising its ownership stake to approximately 58.5%. This move is part of the company's strategy to streamline operations and focus on long-term holdings. Notable previous divestitures and management transitions have been highlighted, impacting how FGF shares are reported. CEO D. Kyle Cerminara affirmed the recent purchase as a strategic investment, emphasizing efforts to simplify the organizational structure for better focus on core opportunities.