BTN - BTN STOCK NEWS

Strong/MDI Screen Systems, a subsidiary of Ballantyne Strong, has partnered with Illuminarium Experiences to open the first immersive venue in Atlanta, Georgia. Titled WILD, this facility utilizes advanced projection technology and optical coatings to provide visitors with a vivid virtual experience of African landscapes and wildlife. Strong/MDI supplied the proprietary Orion optical coating and specialized speaker panels to enhance the immersive experience. The successful collaboration aims to set a new standard for experiential entertainment.

Ballantyne Strong (NYSE American: BTN) announced that its portfolio company Firefly Systems has acquired Curb Taxi Media, enhancing Firefly's position in the U.S. mobility media sector. The acquisition, with undisclosed terms, grants Firefly access to over 10,000 taxi media screens across 11 major cities, including New York and Los Angeles. This strategic move aims to leverage growing demand as cities reopen, facilitating expanded advertising opportunities. CEO Mark Roberson highlighted the significant growth potential, while Chairman Kyle Cerminara emphasized the value of this transaction for their investment in Firefly.

Ballantyne Strong, Inc. (NYSE American: BTN) will join the Russell Microcap Index effective June 28, 2021, following the annual reconstitution. This inclusion indicates a validation of the company's strength in the market and is expected to enhance investor awareness and shareholder value. The Russell indexes, managed by FTSE Russell, are benchmarks for investment funds totaling approximately $10.6 trillion in assets. The company also holds significant investments in various industries, including digital advertising and reinsurance.

Ballantyne Strong, Inc. (NYSE American: BTN) reported Q1 2021 results, revealing a 35.6% revenue decline to $4.8 million due to COVID-19 impacts. However, the company noted improvements in operating loss, which decreased 29.7% to $1.8 million, and adjusted EBITDA improved 44.7% to negative $1.1 million. The company completed the sale of the Convergent segment, netting approximately $15 million, and holds a significant stake in GreenFirst Forest Products, which is acquiring $214 million in assets. Management anticipates recovery in cinema attendance as restrictions ease.

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.

STRONG Technical Services, a subsidiary of Ballantyne Strong, announced the launch of its STRONG Restart initiative, deploying 10 BrightNight Drive In packages across the U.S. to assist cinemas in safely welcoming back audiences.

Each package includes a mobile projection trailer and an inflatable screen, offered at no cost for a weekend to select exhibitors, targeting the Summer 2021 blockbuster season.

The initiative aims to reconnect exhibitors and moviegoers as the nation reopens.

Ballantyne Strong announces GreenFirst's acquisition of forest and paper product assets. GreenFirst Forest Products has entered a binding asset purchase agreement to acquire six lumber mills and one newsprint mill from Rayonier Advanced Materials, enhancing its production capacity to 755 MMFbm for lumber and 205,000 MT/year for newsprint. This acquisition positions GreenFirst among Canada’s top ten lumber producers. To finance this purchase, GreenFirst plans a rights offering, in which Ballantyne, holding 7 million shares in GreenFirst, will participate.

Ballantyne Strong (NYSE American: BTN) reported its financial results for Q4 and the year ending December 31, 2020, highlighting a challenging year due to COVID-19. Revenue decreased 43.6% in Q4 to $6 million and 42.3% for the year to $21.5 million. Despite this, the company signed exclusive agreements with Cinemark and Marcus Theatres, positioning itself for post-pandemic recovery. The sale of Strong Outdoor generated a $5.3 million gain, while the sale of Convergent increased cash flow and reduced debt by approximately $15 million.

Ballantyne Strong, Inc. (NYSE American: BTN) will release its 2020 fourth-quarter financial results on March 10, 2021, after market close. A conference call is scheduled for the same day at 5:00 pm ET to discuss these results. Investors can access the call via specific phone numbers, and a replay will be available afterward. The company operates in diverse sectors, including entertainment technology and digital advertising, holding investments in Firefly Systems and GreenFirst Forest Products. Risks related to the COVID-19 pandemic and other operational challenges have been noted as potential concerns.