earnings
confidence high
sentiment positive
materiality 0.75
Reading International Q4 net income $0.3M vs loss; EPS $0.02; revenue $49.9M
READING INTERNATIONAL INC
- Q4 2021 net income $0.3M vs net loss of $17.4M in Q4 2020; basic EPS $0.02 vs ($0.80).
- Full year 2021 net income $31.9M vs loss of $65.2M; EPS $1.46 vs ($3.00); revenue $139.1M (+79%).
- Global cinema operating income positive $2.0M in Q4, first quarter since pandemic; revenue $47.2M (+289% YoY).
- Monetized five real estate assets in 2021 for $142M cash; executed long-term lease for 44 Union Square in NYC.
- Cash $83.3M; total debt $236.9M; no cinemas closed due to COVID as of March 2022.