Theater Xtreme Entertainment Group, a Newark, Del.-based retailer and installer of home move theaters, reported revenues of about $1.8 million for its last quarter ended March 31, compared to about $1 million during last year’s quarter. The company also said it increased gross profit over last year’s quarter to $637,315 or 45 percent.
The company reported that since April 1, 2006, it received more than 1000 system orders, with prices ranging from $3,000 to $15,000, for combined sales of more than $10 million.
“We are executing on our growth strategy as planned. Most notably, we are expanding our complete-theater-room product offering while opening new design centers,” said Scott Oglum, Theater Xtreme’s CEO.