Ballantyne Strong to Announce 2020 Third-Quarter Financial Results and Host Conference Call on November 12, 2020
Ballantyne Strong (NYSE American: BTN) will release its 2020 third-quarter financial results on November 12, 2020, after market close. The results, along with a presentation, will be accessible on its Investor Relations webpage. A conference call is scheduled for the same day at 5:00 PM ET, open to investors and analysts. The call can be accessed via specified phone numbers and will have a replay available until December 12, 2020. The PR includes forward-looking statements highlighting risks related to the COVID-19 pandemic and the company's operational challenges.
- None.
- Risks from the ongoing COVID-19 pandemic impacting business operations and financial condition.
- Lower demand for digital cinema products and installation services affecting revenue streams.
- Potential interruptions of supplier relationships and higher prices from suppliers.
- Challenges in maintaining brand reputation and retaining significant customers.
- Difficulties related to long sales cycles and competition in technological advancements.
- Access to capital and execution of capital allocation strategy are uncertain.
- Increased economic and political risks in foreign markets potentially affecting sales.
- Cybersecurity risks and potential disruptions to IT systems.
- Vulnerability to stock price fluctuations due to controlling stockholder influence.
Charlotte, NC, Oct. 30, 2020 (GLOBE NEWSWIRE) -- Ballantyne Strong, Inc. (NYSE American: BTN) (the “Company”), a holding company with diverse business activities focused on serving the entertainment, retail and advertising markets, today announced that the Company will issue its 2020 third-quarter financial results after the market closing on Thursday, November 12, 2020. 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 third-quarter financial results will be held on Thursday, November 12, 2020 at 5:00 pm Eastern Time. Investors and analysts are invited to access the conference call by dialing 855-327-6837 (domestic) or 631-891-4304 (international) and providing the operator with conference ID number: 10011742. 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, December 12, 2020 by dialing 844-512-2921 in the U.S. and Canada and 412-317-6671 internationally and entering the conference ID number: 10011742.
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 June 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 access to capital, the Company’s ability to successfully execute its capital allocation strategy, 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 recession 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 |
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