Strong Global Entertainment Reports Fourth Quarter and Full Year 2023 Operating Results
Strong Global Entertainment, Inc. Class A Common Voting Shares (SGE)
Company Research
Source: GlobeNewswire
Charlotte, N.C., March 29, 2024 (GLOBE NEWSWIRE) -- Strong Global Entertainment, Inc. (NYSE American: SGE) (the “Company” or “Strong Global Entertainment”) today announced operating results for the fourth quarter and full year ended December 31, 2023. Operational Highlights - Fourth Quarter and Full Year 2023 Revenue increased 9.4% to $42.6 million for the year and decreased 2.1% to $10.3 million for the quarter. Upgrades to laser projection continue to drive customer demand.Services revenue grew 26.6% during the fourth quarter of 2023, and 34.0% for the full year, with increased market share, new service offerings, and contribution from the Innovative Cinema Solutions (“ICS”) acquisition adding to revenues in late 2023.Screen systems revenue increased 5.3% during the fourth quarter of 2023, and grew 7.2% for the full year, largely related to marketplace momentum around laser screen replacements and expansion into Europe. This growth was partial
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News
- Fundamental Global Inc. Announces Acquisition of Strong/MDI Screen Systems, Inc. by FG Acquisition Corp. at a $30 Million Valuation [Yahoo! Finance]Yahoo! Finance
- FG Acquisition Corp. Announces Proposed Acquisition of Strong/MDI Screen Systems, Inc. and launch of Saltire Holdings, Ltd.GlobeNewswire
- FG Acquisition Corp. Announces Proposed Acquisition of Strong/MDI Screen Systems, Inc. and launch of Saltire Holdings, Ltd. [Yahoo! Finance]Yahoo! Finance
- Strong Technical Services Extends Managed Services Contract with Marcus TheatresGlobeNewswire
SGE
Sec Filings
- 5/7/24 - Form 8-K
- 4/29/24 - Form 10-K/A
- 3/29/24 - Form 10-K
- SGE's page on the SEC website