OverviewSuggest Edit

Ballantyne Strong designs, integrates, and installs technology solutions for the cinema, retail, financial, advertising, and government markets. It operates in two segments, Cinema and Digital Media. The Cinema segment provides audio-visual products and accessories, such as digital projectors, projection screens, servers, library management systems, menu boards, flat panel displays, and sound systems, as well as network monitoring and on-site service for cinema equipment. The Digital Media segment offers digital signage solutions, including hardware, software, content distribution, management, network monitoring, and field services.
TypePublic
Founded1926
HQCharlotte, NC, US
Websiteballantynestrong.com
Employee Ratings2.7

Latest Updates

Employees (est.) (Dec 2019)290(-1%)
Job Openings7
Revenue (FY, 2020)$21.5 M(-65%)
Share Price (May 2022)$3(+5%)
Cybersecurity ratingBMore
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Key People/Management at Ballantyne Strong

Mark Roberson

Mark Roberson

Chief Executive Officer
Ray F. Boegner

Ray F. Boegner

President
Kyle Cerminara

Kyle Cerminara

Chairman
Todd Major

Todd Major

Chief Financial Officer
William J. Gerber

William J. Gerber

Director
Charles T. Lanktree

Charles T. Lanktree

Director
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Ballantyne Strong Office Locations

Ballantyne Strong has offices in Charlotte, Omaha, Joliette, Vancouver and in 1 other location
Charlotte, NC, US (HQ)
Rotunda Building, 4201 Congress St #175
Omaha, NE, US
11422 Miracle Hills Dr #300
Joliette, CA
1440 Rue Raoul Charette
Vancouver, CA
2900-595 Burrard St
Hong Kong, HK
4108 China Resources Building 26 Harbour Rd
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Ballantyne Strong Financials and Metrics

Ballantyne Strong Revenue

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Ballantyne Strong's revenue was reported to be $21.5 m in FY, 2020
USD

Revenue (Q1, 2021)

4.8m

Gross profit (Q1, 2021)

1.2m

Gross profit margin (Q1, 2021), %

24.3%

Net income (Q1, 2021)

11.8m

EBIT (Q1, 2021)

(1.8m)

Market capitalization (13-May-2022)

56.3m

Closing stock price (13-May-2022)

3.0

Cash (31-Mar-2021)

22.3m

EV

42.8m
Ballantyne Strong's current market capitalization is $56.3 m.
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

76.7m72.6m64.7m62.6m21.5m

Revenue growth, %

(17%)(5%)(11%)

Cost of goods sold

55.1m53.7m52.5m44.1m16.1m

Gross profit

21.6m18.9m12.2m18.5m5.4m
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q1, 2021

Revenue

20.5m20.6m18.7m17.9m19.4m19.6m15.8m14.2m16.5m14.3m14.3m16.8m13.6m6.4m4.8m

Cost of goods sold

14.8m14.4m14.3m13.5m14.1m14.2m13.0m12.9m12.9m11.7m11.0m11.0m9.3m5.0m3.6m

Gross profit

5.8m6.1m4.4m4.4m5.3m5.3m2.9m1.3m3.5m2.6m3.2m5.8m4.3m1.5m1.2m

Gross profit Margin, %

28%30%23%25%27%27%18%9%21%18%23%35%31%23%24%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

7.6m4.9m6.7m5.0m4.4m

Accounts Receivable

16.8m10.8m13.8m12.9m5.6m

Inventories

6.6m4.8m3.5m2.9m2.3m

Current Assets

33.5m22.2m26.3m23.0m17.8m
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

290.0k(3.6m)(12.3m)(10.1m)

Depreciation and Amortization

2.2m2.1m2.7m3.5m1.1m

Inventories

718.0k1.5m1.0m770.0k26.0k

Accounts Payable

931.0k(1.7m)1.4m587.0k103.0k
USDQ1, 2016

Financial Leverage

1.5 x
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Ballantyne Strong Operating Metrics

FY, 2018

45” Double-Sided Digital Displays Operated

300
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Ballantyne Strong Acquisitions / Subsidiaries

Company NameDateDeal Size
ConvergentOctober 01, 2013
Strong Digital Media, LLC
Strong/MDI Screen Systems, Inc.
Strong Technical Services, Inc.

Ballantyne Strong Revenue Breakdown

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Ballantyne Strong revenue breakdown by business segment: 67.7% from Strong Cinema, 26.3% from Convergent, 5.5% from Strong Outdoor and 0.5% from Other

Ballantyne Strong revenue breakdown by geographic segment: 80.3% from United States, 7.8% from Canada and 11.9% from Other

Ballantyne Strong Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

Ballantyne Strong Online and Social Media Presence

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Ballantyne Strong News and Updates

Ballantyne Strong Reports First Quarter 2022 Operating Results; Revenue Increases 110%

Charlotte, NC, May 11, 2022 (GLOBE NEWSWIRE) -- Ballantyne Strong, Inc. (NYSE American: BTN) (the “Company” or “Ballantyne Strong”) today announced operating results for the first quarter ended March 31, 2022.

Ballantyne Strong to Announce 2022 First Quarter Financial Results and Host Conference Call on May 11, 2022

Charlotte, NC, May 02, 2022 (GLOBE NEWSWIRE) -- Ballantyne Strong, Inc. (NYSE American: BTN) (the “Company”) today announced that the Company will issue its 2022 first quarter financial results after the market close on Wednesday, May 11, 2022. The Company’s financial results and an accompanying s…

Ballantyne Strong Announces Public Filing of Registration Statement for Proposed Initial Public Offering of Strong Global Entertainment, Inc.

Charlotte, NC, April 07, 2022 (GLOBE NEWSWIRE) -- Ballantyne Strong, Inc. (NYSE American: BTN) (“Ballantyne” or the “Company”), the current parent of Strong Global Entertainment, Inc. (“Strong Global Entertainment”) announced today that Strong Global Entertainment has publicly filed a registration…

Ballantyne Strong Reports Fourth Quarter and Year End 2021 Operating Results

Charlotte, NC, March 24, 2022 (GLOBE NEWSWIRE) -- Ballantyne Strong, Inc. (NYSE American: BTN) (the “Company” or “Ballantyne Strong”) today announced operating results for the fourth quarter and full year ended December 31, 2021.

Ballantyne Strong to Announce 2021 Fourth-Quarter Financial Results and Host Conference Call on March 24, 2022

Charlotte, NC, March 17, 2022 (GLOBE NEWSWIRE) -- Ballantyne Strong, Inc. (NYSE American: BTN) (the “Company”) today announced that the Company will issue its 2021 fourth-quarter financial results after the market close on Thursday, March 24, 2022. The Company’s financial results and an accompanyi…
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Ballantyne Strong Blogs

Strong Technical Services Partners with GDC Technology Limited to Deploy Digital Cinema Servers to Caribbean Cinemas

Charlotte, NC – April 27, 2022 – Strong Technical Services “(STS”), a wholly-owned subsidiary of Ballantyne Strong, Inc. (NYSE American: BTN) (“Ballantyne” or the “Company”), today announced its partnership with GDC Technology Limited (“GDC”) for the deployment of digital cinema servers to Caribbean…

STRONG/MDI to Open a New Screen Finishing Facility in Belgium with Lemmens S.A. to Service Europe and the Middle East

Joliette, Quebec, Canada – April 26, 2022 – STRONG/MDI Screen Systems, Inc. (“STRONG/MDI”) a wholly-owned subsidiary of Ballantyne Strong, Inc. (“Ballantyne Strong” or the “Company”) (NYSE American: BTN) and a leader in manufacturing state-of-the-art cinema screens, announced today that it has enter…

STRONG Technical Services Completes Projection System Upgrade for Showplace Entertainment

Charlotte, NC – February 10, 2022 – STRONG Technical Services, Inc., (“STS”) a wholly-owned subsidiary of Ballantyne Strong, Inc. (the “Company”) (NYSE American: BTN) and a leader in entertainment equipment sales, engineering, and services completed the sale and installation of 38 projection systems…

STRONG/MDI and IMAX Produce the Tallest IMAX Screen in the World

Joliette, Quebec, Canada – February 3, 2022 – STRONG/MDI Screen Systems, Inc. (“STRONG/MDI”) a wholly-owned subsidiary of Ballantyne Strong, Inc. (“Ballantyne Strong”) (NYSE American: BTN) and a leader in manufacturing of state-of-the-art cinema screens announced that it has produced and delivered t…

Ballantyne Strong Announces Confidential Submission of Draft Registration Statement for Proposed Initial Public Offering of Strong Global Entertainment, Inc.

Charlotte, NC, November 16, 2021 – Ballantyne Strong, Inc. (NYSE American: BTN) (the “Company” or “Ballantyne”), the parent of Strong Global Entertainment, Inc. (“Strong Global Entertainment”) announced today that the Company has confidentially submitted a draft registration statement on Form S-1 to…

Ballantyne Strong Reports Third Quarter 2021 Operating Results

Strong Entertainment business strengthening post-COVID Investment gains driving positive earnings Charlotte, NC, November 10, 2021 – Ballantyne Strong, Inc. (NYSE American: BTN) (the “Company” or “Ballantyne Strong”) today announced operating results for the third quarter ended September 30, 2021. R…
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Ballantyne Strong Frequently Asked Questions

  • When was Ballantyne Strong founded?

    Ballantyne Strong was founded in 1926.

  • Who are Ballantyne Strong key executives?

    Ballantyne Strong's key executives are Mark Roberson, Ray F. Boegner and Kyle Cerminara.

  • How many employees does Ballantyne Strong have?

    Ballantyne Strong has 290 employees.

  • What is Ballantyne Strong revenue?

    Latest Ballantyne Strong annual revenue is $21.5 m.

  • What is Ballantyne Strong revenue per employee?

    Latest Ballantyne Strong revenue per employee is $74.1 k.

  • Who are Ballantyne Strong competitors?

    Competitors of Ballantyne Strong include CCS Presentation Systems, HB Communications and Photronics.

  • Where is Ballantyne Strong headquarters?

    Ballantyne Strong headquarters is located at Rotunda Building, 4201 Congress St #175, Charlotte.

  • Where are Ballantyne Strong offices?

    Ballantyne Strong has offices in Charlotte, Omaha, Joliette, Vancouver and in 1 other location.

  • How many offices does Ballantyne Strong have?

    Ballantyne Strong has 5 offices.