RealD Inc. Reports Second Quarter Fiscal Year 2014 Financial Results
LOS ANGELES (November 12, 2013) – RealD Inc. (NYSE: RLD), a leading global licensor of 3D and other visual technologies, today announced financial results for its second quarter of fiscal 2014 ended September 30, 2013. “As fiscal 2014 progresses, we continue to optimize RealD’s financial performance and position our
company for the future,” said Michael V. Lewis, Chairman and Chief Executive Officer of RealD. “The success of Gravity demonstrates that RealD’s platform can deliver strong results when the combination of a high-quality 3D film, effective 3D marketing and optimum screen availability come together. At the same
time, we are focusing on the expansion of our platform in faster growing emerging markets. With this in mind, we were pleased to announce new contract wins that collectively provide for 250 screens in two of the fastest growing cinema markets – China and Russia.”
“Importantly, the second fiscal quarter also marked a return to positive free cash flow,” Mr. Lewis added. “Our recently reduced operating expense structure, coupled with reduced theatrical installs beginning in our fourth fiscal quarter should further support this important metric going forward.”
Second Quarter Fiscal 2014 Financial Highlights here.