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Reald Inc. (RLD) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, March 31, 2015

Reald Inc.

CIK: 1327471 Ticker: RLD

Exhibit 99.1

 

 

 

 

RealD Inc. Reports Fourth Quarter and Fiscal Year 2015 Financial Results

 

 

LOS ANGELES (June 11, 2015) - RealD Inc. (NYSE: RLD), a leading global licensor of 3D and other visual technologies, today announced financial results for its fourth quarter and fiscal year ended March 31, 2015.

 

“Fiscal 2015 was an important year for RealD,” commented Michael V. Lewis, Chairman and Chief Executive Officer of RealD.  “We made progress stabilizing domestic 3D percentages, further reduced our operating expenses and capital expenditures and generated strong free cash flow.  As a result of our efforts, we believe we are well positioned to benefit from a strong 3D film slate in fiscal 2016.”

 

“As we continue to review our strategic alternatives, we remain focused on optimizing the performance of our worldwide cinema platform, investing in our key growth markets and maintaining an enhanced cost structure.  Through the execution of our strategic priorities, we will continue to drive the business forward for the benefit of all RealD stakeholders.”

 

Fourth Quarter Fiscal 2015 Financial Highlights

 

·     Total revenue was $27.9 million, comprised of license revenue of $20.4 million and product and other revenue of $7.5 million.  For the fourth quarter of fiscal 2014, total revenue was $40.6 million, comprised of license revenue of $28.6 million and product and other revenue of $12.0 million.

·     China license revenue represented 27% of total worldwide license revenue, up from 18% in the fourth quarter of fiscal 2014.

·     GAAP net loss attributable to common stockholders was $17.7 million, or $0.36 per share, compared to GAAP net loss attributable to common stockholders of $5.0 million, or $0.10 per diluted share, for the fourth quarter of fiscal 2014.

·     Adjusted EBITDA was $2.4 million, compared to $14.2 million in the fourth quarter of fiscal 2014.

·     Adjusted EBITDA is defined within the section of this press release entitled “Use of Non-U.S. GAAP Financial Measures,” which includes a reconciliation to its most comparable GAAP measure, net income (loss).

 

Fiscal 2015 Financial Highlights

 

·     Total revenue was $163.5 million, comprised of license revenue of $109.3 million and product and other revenue of $54.2 million.  For the year ended March 31, 2014, total revenue was $199.2 million, comprised of license revenue of $132.5 million and product and other revenue of $66.7 million.

·     China license revenue represented 17% of total worldwide license revenue, up from 12% in fiscal 2014.

·     GAAP net loss attributable to common stockholders was $23.8 million, or $0.48 per share, compared to GAAP net loss attributable to common stockholders of $11.4 million, or $0.23 per diluted share, for the year ended March 31, 2014.

·     Adjusted EBITDA was $52.0 million, compared to $65.1 million for the year ended March 31, 2014.

 

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The following information was filed by Reald Inc. (RLD) on Thursday, June 11, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Equity
Consolidated Statements Of Comprehensive Income (loss)
Consolidated Statements Of Operations
(summary Of Property And Equipment, Reald Cinema Systems And Digital Projectors) (details)
Accrued Expenses And Other Liabilities
Accrued Expenses And Other Liabilities (accrued Expenses And Other Liabilities) (details)
Accrued Expenses And Other Liabilities (narrative) (details)
Accrued Expenses And Other Liabilities (summary Of Actual And Estimated Activity) (details)
Accrued Expenses And Other Liabilities (summary Of Fiscal Year) (details)
Accrued Expenses And Other Liabilities (tables)
Borrowings
Borrowings (current And Non-current Portion Of The Credit Agreement) (details)
Borrowings (future Minimum Credit Agreement Obligations) (details)
Borrowings (narrative) (details)
Borrowings (tables)
Business And Basis Of Presentation
Cinema Systems And Property & Equipment
Cinema Systems And Property & Equipment (narrative) (details)
Cinema Systems And Property & Equipment (tables)
Commitments And Contingencies
Commitments And Contingencies (narrative) (details)
Commitments And Contingencies (summary Of Future Minimum Lease Obligations) (details)
Commitments And Contingencies (tables)
Equity
Equity (narrative) (details)
Equity (summary Of Shares Reversed For Future Issuance) (details)
Equity (tables)
Goodwill And Other Intangibles, Net
Goodwill And Other Intangibles, Net (amortization Expense) (details)
Goodwill And Other Intangibles, Net (narrative) (details)
Goodwill And Other Intangibles, Net (summary Of Goodwill And Intangible Assets) (details)
Goodwill And Other Intangibles, Net (tables)
Income Taxes
Income Taxes (activity Related To Unrecognized Tax Benefits) (details)
Income Taxes (income Loss From Continuing Operations) (details)
Income Taxes (income Tax Provision From Continuing Operations) (details)
Income Taxes (income Tax Provision Vs Federal Income Tax Rate) (details)
Income Taxes (narrative) (details)
Income Taxes (significant Components Of Deferred Tax Balances) (details)
Income Taxes (tables)
Income Taxes (valuation Allowance Increase) (details)
Quarterly Financial Data (schedule Of Quarterly Financial Data ) (details)
Quarterly Financial Data (summary Of Changes In Reporting Periods) (details 2)
Quarterly Financial Data (tables)
Quarterly Financial Data (unaudited)
Related-party Transactions
Related-party Transactions (narrative) (details)
Schedule Ii-valuation And Qualifying Accounts
Schedule Ii-valuation And Qualifying Accounts (details)
Segment And Geographic Information
Segment And Geographic Information (intangible Assets) (details)
Segment And Geographic Information (narrative) (details)
Segment And Geographic Information (revenue By Geographic Region) (details)
Segment And Geographic Information (tables)
Share-based Compensation
Share-based Compensation (components Of Share-based Compensation Expense) (details)
Share-based Compensation (narrative) (details)
Share-based Compensation (performance Stock Option Activity) (details)
Share-based Compensation (share-based Compensation Expense Related To Stock Options) (details)
Share-based Compensation (summary Of Restricted Stock Units) (details)
Share-based Compensation (tables)
Share-based Compensation (weighted-average Grant Date Fair Values) (details)
Share-based Compensation Performance Stock Unit Activity (details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (accounting Period) (details)
Summary Of Significant Accounting Policies (accounts Receivable, Net) (details)
Summary Of Significant Accounting Policies (derivative Instruments) (details)
Summary Of Significant Accounting Policies (earnings (loss) Per Share Of Common Stock) (details)
Summary Of Significant Accounting Policies (employee Benefit Plans) (details)
Summary Of Significant Accounting Policies (foreign Currency) (details)
Summary Of Significant Accounting Policies (impairment Of Long-lived Assets) (details)
Summary Of Significant Accounting Policies (intangibles) (details)
Summary Of Significant Accounting Policies (inventories And Deferred Costs-eyewear) (details)
Summary Of Significant Accounting Policies (marketable Securities) (details)
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (property And Equipment) (details)
Summary Of Significant Accounting Policies (selling And Marketing Costs) (details)
Summary Of Significant Accounting Policies (shipping And Handling Costs) (details)
Summary Of Significant Accounting Policies (tables)
Ticker: RLD
CIK: 1327471
Form Type: 10-K Annual Report
Accession Number: 0001327471-15-000009
Submitted to the SEC: Thu Jun 11 2015 9:58:51 PM EST
Accepted by the SEC: Fri Jun 12 2015
Period: Tuesday, March 31, 2015
Industry: Radio And Tv Broadcasting And Communications Equipment

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