Ballantyne Strong Inc (NYSE Amex: BTN) Message Board

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Technology Stocks : Ballantyne Strong Inc (NYSE Amex: BTN)

BTN 2.580

+7.1%

Jun 12 9:42 AM EST

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From: JakeStraw	11/16/2010 1:48:20 PM
	of 59

Ballantyne Strong’s net revenues rose 99% to $32.9 million, its second consecutive all-time record quarter, as a result of significant year-over-year sales increases in digital cinema equipment, cinema screens and digital cinema services. Net earnings rose to $2.3 million, or $0.16 per diluted share, compared to net earnings of $0.5 million, or $0.04 per diluted share a year-ago. Sales of digital cinema equipment rose 291% to $20.2 million, reflecting continuing global demand for the Company’s digital projection systems, primarily in the Americas and China. Ballantyne’s cinema screen sales increased approximately 77% to $5.0 million in Q3 2010, principally due to accelerating demand for specialty “silver” screens used for digital 3D as exhibitors continue to upgrade certain theatre auditoriums to 3D. Cinema services revenue rose 148% to $2.2 million, reflecting growing demand for Ballantyne’s team of over 60 digital cinema technicians to complete digital projection equipment installations and integrations. finance.yahoo.com

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