Tuesday, February 10, 2015
RealD Seeks Buyer, Hires Investment Bank
Los Angeles-based 3D theater projection company RealD said late Monday that it has started a process to review "strategic alternatives" for the company, and hired investment banking firm Moelis & Company LLC as a financial advisor. RealD said the move is a "logical next step" to unlock value for its shareholders. The announcement ccame as the company reported a loss of $11.3M on revenues of $32.6M in the company's third quarter fiscal 2015. Those revenues were a sharp drop from the company's third quarter of fiscal 2014, when the company had revenues of $55.4M.