RealD Inc. operates as a licensor of 3D and other visual technologies worldwide. The company designs, manufactures, licenses, and markets RealD Cinema Systems that enable digital cinema projectors to show 3D motion pictures and alternative 3D content to consumers wearing its RealD eyewear. As of March 31, 2015, its RealD Cinema Systems were deployed on approximately 26,700 theater screens in 70 countries. RealD Inc. also provides its technologies, and active and passive eyewear to consumer electronics manufacturers and content distributors. Its 3D technologies are utilized by Fortune 500 companies, government, academic institutions, and research and development organizations for various appl...
100 North Crescent Drive
Beverly Hills, CA 90210
Founded in 2003
RealD Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2015; Reports Impairment of Assets and Intangibles for the Fourth Quarter Ended March 31, 2015
Jun 11 15
RealD Inc. reported consolidated earnings results for the fourth quarter and full year ended March 31, 2015. For the quarter, the company reported total revenue of $27,905,000 compared to $40,648,000 a year ago. Operating loss was $14,332,000 compared to $2,223,000 a year ago. Loss before income taxes was $14,843,000 compared to $3,619,000 a year ago. Net loss was $17,635,000 compared to $4,855,000 for the same period a year ago. Net loss attributable to common stockholders was $17,710,000 or $0.36 basic and diluted per share compared to $4,950,000 or $0.10 basic and diluted per share a year ago. Adjusted EBITDA was $2,401,000 compared to $14,167,000 a year ago. Cash flow from operating activities was $11.8 million and total capital expenditures were $800,000, resulting in positive free cash flow of $11 million.
For the year, the company reported total revenue of $163,463,000 compared to $199,234,000 a year ago. Operating loss was $9,785,000 compared to $2,159,000 a year ago. Loss before income taxes was $15,838,000 compared to $5,093,000 a year ago. Net loss attributable to common stockholders was $23,822,000 or $0.48 basic and diluted per share compared to $11,406,000 or $0.23 basic and diluted per share a year ago. Net loss was $23,747,000 compared to $11,210,000 for the same period a year ago. Net cash provided by operating activities was $51,847,000 compared to $35,700,000 a year ago. Purchases of property and equipment were $4,359,000 compared to $4,285,000 a year ago. Adjusted EBITDA was $52,034,000 compared to $65,122,000 a year ago. Free cash flow was $34,417,000 compared to $13,365,000 a year ago.
The company reported impairment of assets and intangibles of $2,287,000 for the fourth quarter ended March 31, 2015 compared to $975,000 for the same period a year ago.