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Ballantyne Strong Inc (BTN.A)

BTN.A on American Stock Exchange

6.70USD
23 Jun 2017
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Latest Key Developments (Source: Significant Developments)

Ballantyne Strong says identified two misstatements in FY2016 financial statements during preparation of March quarter 10-Q
Thursday, 11 May 2017 04:13pm EDT 

May 11 (Reuters) - Ballantyne Strong Inc :Ballantyne Strong says during preparation of March quarter form 10-Q, identified two misstatements in FY 2016 consolidated financial statements.Ballantyne Strong Inc says investors should no longer rely upon company's previously released financial statements for year ended December 31, 2016.Ballantyne Strong says on May 9, 2017, company's management and audit committee of its board decided to file amended form 10-K for FY 2016.Ballantyne Strong says restated financial statements to be included in amended form 10-K for FY 2016 - sec filing.Says cannot yet estimate when it will complete restatement and file its amended report.Qtrly expects to file its form 10-Q for quarter ended March 31, 2017 promptly after restatement is concluded.Says on May 9, 2017, company suspended its stock repurchase program, effective immediately.  Full Article

Ballantyne subsidiary entered into 5-yr term loan facility for aggregate amount of $2 mln
Wednesday, 3 May 2017 05:02pm EDT 

May 3 (Reuters) - Ballantyne Strong Inc ::Ballantyne Strong Inc- on April 27 subsidiary entered into a five-year term loan facility for an aggregate amount of $2.0 million - SEC filing.Ballantyne Strong Inc- term loan bears interest at a fixed rate of 4.50% per annum and matures on may 10, 2022.  Full Article

Ballantyne Q4 revenue $20.4 million versus $21.3 million
Thursday, 16 Mar 2017 07:30am EDT 

Ballantyne Strong Inc : Ballantyne strong reports financial results for fourth quarter 2016 . Q4 earnings per share $0.08 from continuing operations .Q4 revenue $20.4 million versus $21.3 million.  Full Article

Ballantyne Strong announces holding company leadership team
Friday, 30 Sep 2016 04:30pm EDT 

Ballantyne Strong : Ballantyne Strong announces holding company leadership team . As part of holding company transition, Ryan Burke has been appointed senior vice president, chief financial officer, and treasurer .In addition, Elise Stejskal has been named vice president of finance and Ryan Turner has been named vice president of strategic investments.  Full Article

Ballantyne reports Q2 EPS $0.12 from cont ops
Thursday, 4 Aug 2016 04:05pm EDT 

Ballantyne Strong Inc : Ballantyne strong reports financial results for second quarter 2016 . Q2 earnings per share $0.12 from continuing operations .Q2 revenue $20.6 million versus $17.8 million.  Full Article

Ballantyne Strong acquires common shares of Kobex Capital
Friday, 20 May 2016 08:36am EDT 

Ballantyne Strong Inc : As of may 19, 2016, it had acquired indirectly ownership of an aggregate of 5,489,500 common shares of kobex capital corp . As a result of deal, co now, indirectly, beneficially owns and exercises control over about 12% of common shares of kobex . Ballantyne strong paid c$.6565 per share for total consideration of c$3.6 million .Ballantyne strong acquires common shares of kobex capital corp..  Full Article

Ballantyne Strong Inc authorizes share repurchase program
Thursday, 20 Aug 2015 05:00am EDT 

Ballantyne Strong Inc:Authorizes share repurchase program.Says board of directors has authorized the repurchase of up to 700,000 shares of its outstanding common stock.Says its about 5.0 pct. of its outstanding shares.  Full Article

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BRIEF-Ballantyne Strong says identified two misstatements in FY2016 financial statements during preparation of March quarter 10-Q

* Ballantyne Strong says during preparation of March quarter form 10-Q, identified two misstatements in FY 2016 consolidated financial statements