Ballantyne Strong to Announce 2021 First-Quarter Financial Results and Host Conference Call on May 6, 2021

Rhea-AI Summary

Ballantyne Strong, Inc. (NYSE American: BTN) is set to release its first-quarter financial results for 2021 on May 6, 2021, after market close. An accompanying slide presentation will be available on their Investor Relations website. A conference call is scheduled for the same day at 5:00 PM ET to discuss the results, accessible via webcast or phone. The company operates in diverse industries, including entertainment and technology, and holds significant investments, including a $13 million stake in Firefly Systems, Inc.

Positive

• Scheduled release of Q1 2021 financial results may indicate operational transparency.
• Company holds $13 million preferred investment in Firefly Systems, a promising digital advertising venture.

Negative

• Potential risks associated with COVID-19 affecting business operations and financial health.
• Challenges in expanding revenue streams due to lower demand for digital cinema products.

Charlotte, NC, April 27, 2021 (GLOBE NEWSWIRE) -- Ballantyne Strong, Inc. (NYSE American: BTN) (the “Company”) today announced that the Company will issue its 2021 first-quarter financial results after the market close on Thursday, May 6, 2021. The Company’s financial results and an accompanying slide presentation will be available on the Investor Relations page of the Company’s website at ballantynestrong.com/investors.

A conference call to discuss the Company’s 2021 first-quarter financial results will be held on Thursday, May 6, 2021 at 5:00 pm Eastern Time. Interested parties can listen to the call via live webcast or by phone. To access the webcast, visit the Company's website at ballantynestrong.com/investors or use following link: BTN Webcast Link. To access the conference call by phone, dial (877) 215-3569 (domestic) or (312) 281-2972 (international) and provide the operator with conference ID number: 21993728. Please access the webcast or dial in at least five minutes before the start of the call to register.

A replay of the webcast will be available following the conclusion of the live broadcast and accessible on the Company's website at ballantynestrong.com/investors. A replay of the conference call will also be accessible approximately three hours after the conclusion of the conference call and available until Saturday, May 8, 2021 by dialing (844) 512-2921 in the U.S. and Canada and (412) 317-6671 internationally and entering the conference ID number: 21993728. 

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), a reinsurance and investment management holding company focused on opportunistic collateralized and loss capped reinsurance, while allocating capital to SPAC and SPAC sponsor-related businesses.

Forward-Looking Statements

Except for the historical information in this press release, it includes forward-looking statements which involve a number of risks and uncertainties, 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, 2020, filed with the Securities and Exchange Commission (“SEC”) on March 10, 2021, the Company’s subsequent filings with the SEC, 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 ongoing 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 tim

FAQ

When will Ballantyne Strong release its Q1 2021 financial results?

Ballantyne Strong will release its Q1 2021 financial results on May 6, 2021, after the market close.

How can I listen to the conference call for Ballantyne Strong's financial results?

You can listen to the conference call by accessing the webcast on the company's website or by dialing (877) 215-3569 for domestic calls.

What investments does Ballantyne Strong currently hold?

Ballantyne Strong holds a $13 million investment in Firefly Systems, a 30% ownership in GreenFirst Forest Products Inc., and a 21% ownership in FG Financial Group.

What are the risks mentioned in Ballantyne Strong's press release?

The press release outlines risks including COVID-19 impacts, revenue stream challenges, and competitive pressures in their market.