Reald Inc. (RLD) SEC Filing 10-Q Quarterly report for the period ending Wednesday, December 31, 2014

Exhibit 99.1

RealD Inc. Reports Third Quarter Fiscal Year 2015 Financial Results;

Board Initiates Process to Review Strategic Alternatives for the Company

LOS ANGELES (February 9, 2015) - Global visual technology company RealD Inc. (NYSE: RLD) today announced financial results for its third quarter of fiscal 2015 ended December 31, 2014.  In addition, RealD today announced its Board of Directors has initiated a process to explore a full range of strategic alternatives with the goal of enhancing value for all shareholders.

The Company has engaged Moelis & Company LLC as its financial advisor to assist in its evaluation of potential strategic alternatives. The Company noted that there can be no assurance that the strategic alternatives process will result in the Company pursuing a particular transaction or completing any such transaction. The Company has not set a definitive timetable for completion of the process and does not intend to disclose further developments until its Board of Directors approves a specific action or otherwise concludes the review of the strategic alternatives.

“Over the past 18 months, we have undertaken a series of actions that have further optimized our platform, driven significant reductions in our operating expenditures and enhanced our financial performance,” commented Michael V. Lewis, Chairman and Chief Executive Officer of RealD.  “The Board’s decision to commence a strategic alternatives process is a logical next step in our ongoing effort to unlock value for RealD shareholders.  While the operational and financial actions we have taken thus far are beginning to show results, we believe that a full review of strategic alternatives will allow us to determine the best path forward for RealD and our shareholders.”

Mr. Lewis continued, “We remain firmly committed to optimizing our performance and growing our business. We have a robust IP portfolio, the leading 3D cinema platform worldwide, consisting of over 26,000 screens, and an exciting 2015 and 2016 film slate.”

Third Quarter Fiscal 2015 Financial Highlights

·                 Total revenue was $32.6 million, comprised of license revenue of $21.0 million and product and other revenue of $11.6 million. For the third quarter of fiscal 2014, total revenue was $55.4 million, comprised of license revenue of $35.6 million and product and other revenue of $19.8 million.

·                 China license revenue represented 20% of total worldwide license revenue, up from 15% for the third fiscal quarter of 2014.

·                 GAAP net loss attributable to common stockholders was $11.3 million, or $0.23 per diluted share, compared to GAAP net loss attributable to common stockholders of $0.3 million, or $0.01 per diluted share, for the third quarter of fiscal 2014.

·                 Adjusted EBITDA was $8.1 million, compared to $21.3 million in the third quarter of fiscal 2014.

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