Overseas biz pumps up earnings
Despite a downturn in 3D’s effect on ticket sales, California-based 3D equipment maker RealD reported a boost in earnings during the fourth quarter.
Company posted a profit of $4.5 million, compared with a loss of $20.9 million during same three-month frame last year, that ended March 25.
Revenues climbed 6% to $58.5 million, compared with $55.4 million.
The boost came from overseas biz, where it is adding more screens and collected 64% of gross license revenues in the quarter.
RealD also said 10 films in circulation on its screens generated in excess of $1 million in admission based license revenue compared to two films in the prior year quarter.
As of Monday, RealD had surpassed 16,700 installed screens worldwide. That figure has grown by approximately 9,700 screens, or 183% year-over-year
Company claims an 80% share of the domestic 3D B.O. During a recent weekend, four of the top six grossing films were playing in RealD 3D.
International markets generated 56% of gross revenue in the fourth quarter.
RealD has 38 3D films on its release sked for fiscal 2012.