RealD (NYSE:RLD) Hits New High On Solid Earnings

RealD (NYSE:RLD) shares jumped by 21.39% as the company reported solid revenue figures of $65.3 million, compared to $38.7 million for the second quarter of fiscal 2010; an increase of 69 percent led by the strength of the RealD platform and increased global presence. The shares of licensor of three-dimensional (3D) technologies hit a new 52 week high of $27.76 and was trading at a volume of 1.97 million which was 5.8 times the average trading volume of 0.338 million shares. The Company posted GAAP net earnings of $5.21 million or $0.12 per share as compare to GAAP net loss of $0.22 per diluted share. It generated $1.0 million in cash from operating activities and closed the period with overall cash, cash equivalents and marketable securities of $54.3 million. Consumer demand for a premium 3D visual experience continues to accelerate as indicated in the reported Adjusted EBITDA for the second quarter of fiscal 2011 was $16.5 million, compared to $3.9 million for the second quarter of fiscal 2010, an increase of 327 percent. The Company had deployed approximately 9,300 RealD enabled screens, comprised of 5,600 domestic (United States and Canada) RealD-enabled screens and 3,700 international RealD-enabled screens, and representing an increase of 182% from 3,300 screens at September 25, 2009 and an increase of 24% from approximately 7,500 screens at June 25, 2010. RealD is a leading global licensor of 3D technologies. RealD’s extensive intellectual property portfolio is used in applications that enable a premium 3D viewing experience in the theater, the home and elsewhere. RealD licenses its RealD Cinema Systems to motion picture exhibitors that show 3D motion pictures and alternative 3D content.
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