Latest Breaking News On - Firefly systems - Page 12 : comparemela.com

(As Compared to the Continuing Operations from the Three Months Ended March 31, 2020) Revenue decreased 35.6% to $4.8 million from $7.4 million. The decrease was primarily due to the impact of COVID-19 on customer demand for screen products and technical services at Strong Entertainment. The Company expects industry revenues and business levels to recover in the second half of 2021, as restrictions ease and studios begin releasing the current backlog of content to the exhibitors. Gross profit decreased 37.9% to $1.2 million from $1.9 million and gross profit margins decreased to 24.3% from 25.2%. Cost reduction initiatives offset the revenue reduction, resulting in gross profit margins as a percent of revenue remaining relatively stable despite the reduced business levels.

United statesJohn nesbett jennifer belodeauMark robersonCompany or ballantyne strongCompany strong entertainmentBallantyne strong incBallantyne strongFg financial group incSystems incExchange commissionCompany annual report on formGreenfirst forest products incCompany amendment noStrong entertainmentGreenfirst forest productsChief executive