$57.5 M

BTN Mkt cap, 15-Oct-2018

$30 M

Ballantyne Strong Revenue Q2, 2018
Ballantyne Strong Gross profit (Q2, 2018)4.1 M
Ballantyne Strong Gross profit margin (Q2, 2018), %13.8%
Ballantyne Strong Net income (Q2, 2018)-10.5 M
Ballantyne Strong EBIT (Q2, 2018)-8.6 M
Ballantyne Strong Cash, 30-Jun-20186.8 M
Ballantyne Strong EV51.1 M

Ballantyne Strong Revenue

Ballantyne Strong revenue was $72.65 m in FY, 2017 which is a 5.3% year over year decrease from the previous period.

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Ballantyne Strong Revenue Breakdown

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Ballantyne Strong revenue breakdown by business segment: 33.3% from Digital Media, 66.6% from Cinema and 0.1% from Other

Ballantyne Strong revenue breakdown by geographic segment: 6.9% from China, 7.6% from Canada, 79.1% from United States and 6.3% from Other

Ballantyne Strong Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

103.6m95.1m92.8m76.7m72.6m

Revenue growth, %

(8%)(2%)(17%)(5%)

Cost of goods sold

11.6m16.8m14.9m12.8m53.7m

Gross profit

92.0m78.3m77.9m64.0m18.9m

Gross profit Margin, %

89%82%84%83%26%

Sales and marketing expense

5.4m

General and administrative expense

16.1m

Operating expense total

21.5m

EBIT

124.0k(1.9m)(5.0m)4.6m(2.8m)

EBIT margin, %

0%(2%)(5%)6%(4%)

Interest expense

2.0k48.0k42.0k47.0k153.0k

Interest income

352.0k705.0k368.0k70.0k9.0k

Pre tax profit

951.0k(2.1m)

Income tax expense

(788.0k)465.0k(13.0m)2.8m3.4m

Net Income

163.0k(4.0k)(17.5m)290.0k(3.6m)

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Revenue

22.0m22.0m22.7m22.5m19.7m23.5m20.5m20.6m18.7m17.9m19.4m15.8m30.0m

Cost of goods sold

5.4m3.6m3.6m3.4m3.3m4.3m3.1m3.1m3.1m3.2m3.7m7.2m25.9m

Gross profit

16.7m18.4m19.1m19.1m16.4m19.2m17.4m17.4m15.5m14.7m15.7m8.7m4.1m

Gross profit Margin, %

76%84%84%85%83%82%85%85%83%82%81%55%14%

Sales and marketing expense

1.5m1.6m1.8m1.7m1.4m1.2m1.2m1.1m1.1m1.5m1.4m1.2m2.5m

Operating expense total

1.5m1.6m1.8m1.7m1.4m1.2m1.2m1.1m1.1m1.5m1.4m1.2m2.5m

EBIT

(1.2m)(132.0k)(848.0k)(1.2m)(2.2m)(1.3m)1.3m2.0m257.0k(598.0k)(833.0k)(3.1m)(8.6m)

EBIT margin, %

(6%)(1%)(4%)(5%)(11%)(5%)6%10%1%(3%)(4%)(19%)(29%)

Interest expense

9.0k18.0k15.0k19.0k11.0k7.0k13.0k27.0k41.0k10.0k28.0k45.0k87.0k

Interest income

177.0k182.0k175.0k164.0k167.0k21.0k28.0k27.0k59.0k22.0k

Pre tax profit

(423.0k)(2.0m)(2.1m)

Income tax expense

150.0k472.0k324.0k(9.7m)(895.0k)(1.1m)(684.0k)(653.0k)(748.0k)1.5m776.0k698.0k1.3m

Net Income

46.0k(594.0k)381.0k(109.0k)(10.2m)(2.9m)(3.2m)(613.0k)833.0k(470.0k)387.0k(10.5m)

Ballantyne Strong Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

28.8m22.5m22.1m7.6m4.9m

Accounts Receivable

20.0m20.3m11.4m16.8m10.8m

Inventories

6.6m4.8m

Current Assets

72.1m64.6m45.9m33.5m22.2m

PP&E

14.7m13.9m11.8m11.7m10.8m

Goodwill

1.1m1.0m863.0k889.0k952.0k

Total Assets

95.4m90.1m66.9m62.9m59.0m

Accounts Payable

12.8m9.0m7.4m5.2m3.4m

Short-term debt

565.0k

Current Liabilities

23.4m19.9m17.8m13.6m8.7m

Long-term debt

1.9m

Total Debt

2.4m

Total Liabilities

17.0m14.9m

Common Stock

169.0k

Additional Paid-in Capital

38.2m38.7m39.2m39.8m40.6m

Retained Earnings

47.1m47.1m29.6m29.9m25.6m

Total Equity

44.5m45.9m44.1m

Debt to Equity Ratio

0.1 x

Debt to Assets Ratio

0 x

Financial Leverage

1.5 x1.4 x1.3 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Cash

26.3m25.5m26.9m24.0m23.9m24.7m24.7m20.8m12.8m13.8m4.5m2.8m3.3m6.8m

Accounts Receivable

12.4m16.5m14.8m15.0m15.1m13.3m13.7m10.9m14.6m12.5m16.6m16.9m10.7m10.8m

Current Assets

74.2m66.2m65.2m66.0m55.5m54.8m53.7m45.5m39.9m38.4m31.2m32.2m20.4m23.5m

Goodwill

1.2m1.1m1.1m1.1m943.0k956.0k895.0k919.0k924.0k910.0k898.0k920.0k926.0k907.0k

Total Assets

90.7m88.7m88.7m89.1m75.5m74.0m69.6m66.2m64.1m63.0m66.1m68.0m57.0m59.2m

Accounts Payable

9.0m9.5m9.0m10.8m6.4m6.9m7.6m7.7m6.5m5.2m7.4m7.1m4.2m4.0m

Short-term debt

63.0k65.0k508.0k

Current Liabilities

16.3m18.6m17.5m18.8m16.2m17.9m17.7m15.9m13.4m13.4m16.0m16.8m10.7m13.8m

Long-term debt

1.9m

Total Debt

2.0m65.0k508.0k

Total Liabilities

22.0m23.7m22.6m23.7m21.2m22.4m23.1m20.6m17.6m17.0m20.4m23.1m16.9m26.0m

Additional Paid-in Capital

38.1m38.3m38.4m38.5m38.8m38.8m38.9m39.3m39.5m39.6m39.9m40.1m40.8m41.1m

Retained Earnings

48.8m46.5m46.9m46.8m36.9m34.0m30.8m29.0m29.8m29.3m29.6m27.6m21.9m15.1m

Total Equity

51.6m46.5m45.6m46.5m46.0m45.7m44.8m40.2m33.2m

Debt to Equity Ratio

0 x0 x0 x

Debt to Assets Ratio

0 x0 x0 x

Financial Leverage

1.4 x1.5 x1.5 x1.4 x1.4 x1.4 x1.5 x1.4 x1.8 x

Ballantyne Strong Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

163.0k(4.0k)(17.5m)290.0k(3.6m)

Depreciation and Amortization

1.5m1.9m2.3m2.2m2.1m

Accounts Receivable

(4.2m)4.9m

Inventories

689.0k1.1m1.9m718.0k1.5m

Accounts Payable

(4.8m)(3.7m)(1.6m)931.0k(1.7m)

Cash From Operating Activities

8.5m(3.7m)8.0m(3.5m)(113.0k)

Cash From Investing Activities

(19.3m)(1.9m)(6.2m)(10.5m)(5.4m)

Long-term Borrowings

(273.0k)

Cash From Financing Activities

20.0k(21.0k)(203.0k)(318.0k)2.1m

Net Change in Cash

(2.9m)

Interest Paid

27.0k34.0k45.0k46.0k152.0k

Income Taxes Paid

961.0k1.7m2.3m3.4m2.8m

Free Cash Flow

8.0m(5.7m)7.5m(7.2m)(3.4m)

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018Q2, 2018

Net Income

46.0k(594.0k)381.0k(109.0k)(10.2m)(2.9m)(3.2m)(613.0k)833.0k(470.0k)387.0k(10.5m)

Depreciation and Amortization

524.0k1.1m

Accounts Receivable

14.8m15.0m15.1m13.3m13.7m10.9m14.6m12.5m16.6m(178.0k)(297.0k)

Inventories

537.0k557.0k

Accounts Payable

9.0m10.8m6.4m6.9m7.6m7.7m6.5m5.2m7.4m256.0k582.0k

Cash From Operating Activities

(1.6m)(4.2m)

Cash From Investing Activities

(841.0k)

Long-term Borrowings

(16.0k)(2.0m)

Cash From Financing Activities

7.1m

Free Cash Flow

(1.9m)(5.1m)

Ballantyne Strong Ratios

USDY, 2018

EV/EBIT

-5.9 x

EV/CFO

-12.3 x

EV/FCF

-10.1 x

Financial Leverage

1.8 x
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