What: Shares of RealD (UNKNOWN:RLD.DL) jumped 10% early Thursday, then settled to close up around 8% after the 3-D movie visual technology specialist released better-than-expected fiscal fourth-quarter results.

So what:  Quarterly revenue came in at $40.6 million, which translated to a net loss of $5 million, or $0.10 per share. That may sound bad, but analysts were looking for a wider net loss of $0.23 per share on sales of just $33.66 million.

Notably, RealD's China license revenue grew 81% year over year in 2014, and doubled as a percentage of overall sales. RealD also grew adjusted earnings before interest, taxes, depreciation, and amortization by 12% over last year, and generated free cash flow of $13 million in fiscal 2014.

Now what: RealD still has plenty of work to do in increasing the penetration of high-quality 3-D films, and the stock still doesn't look particularly cheap trading around 60 times next year's estimated earnings. But that's also not entirely uncommon for a company on the cusp of sustained profitability, and investors are rightly encouraged that RealD is still moving in the right direction. As a result, I won't be surprised if RealD continues rewarding patient, long-term shareholders going forward, although I'm not personally anxious to buy shares today,.

Steve Symington has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.