Core Insights - IMAX Corporation and SM Cinema have announced a significant expansion of their partnership, adding 10 new IMAX with Laser systems in the Philippines, which will more than double IMAX's footprint in the country [1][2] - The deal includes three new locations and seven upgrades to existing systems, with three upgraded locations expected to open in 2024 and the rest by the end of 2026 [1][3] - The Philippines has become one of IMAX's top-performing markets in Southeast Asia, ranking among the top 30 highest-grossing IMAX markets globally since 2022 [3] Company Overview - IMAX Corporation is an innovator in entertainment technology, operating 1,772 IMAX systems across 89 countries as of March 31, 2024 [4] - The company combines proprietary software, architecture, and equipment to create immersive movie experiences, making it a key player in theatrical distribution for major event films [4] Market Significance - The expansion in the Philippines highlights the country's growing importance in the global entertainment landscape, as noted by SM Supermalls President Steven T. Tan [2] - The partnership with SM Cinema, the largest exhibitor in the Philippines, is seen as a vital component of IMAX's strategy to enhance its global network and business momentum [2][3]

IMAX Corporation (IMAX) reported first-quarter 2024 adjusted earnings of 15 cents per share, which beat the Zacks Consensus Estimate by a whopping 50% but declined 6.3% from the year-ago quarter.Total revenues of $79.12 million beat the Zacks Consensus Estimate by 1.6% but decreased 9% year over year. Greater China accounted for 27.1% of revenues. The metric declined 19.2% year over year to $21.4 million.Category-wise, technology sales and technology rentals were down 55.7% and 7.3% year over year to $7.9 m ...

IMAX Corporation (NYSE:IMAX) Q1 2024 Results Conference Call April 25, 2024 8:30 AM ET Company Participants Jennifer Horsley - Senior Vice President-Investor Relations Rich Gelfond - Chief Executive Officer Natasha Fernandes - Chief Financial Officer Rob Lister - Chief Legal Officer & Senior Executive Vice President Conference Call Participants Eric Wold - B. Riley Securities Omar Mejias - Wells Fargo Eric Handler - ROTH MRM Chad Beynon - Macquarie Stephen Laszczyk - Goldman Sachs Mike Hickey - The Benchmar ...

Imax (IMAX) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 50%. A quarter ago, it was expected that this entertainment technology company would post earnings of $0.10 per share when it actually produced earnings of $0.17, delivering a surprise of 70%.Over the last four quarters, the ...

Imax more than hit its Q1 numbers with $79 million in revenue last quarter (down 9%) and a solid earnings bump thanks in large part to its run with Dune: Part 2, a blockbuster amid a slow quarter for big releases. The box office was offset in part by a dip in new Imax systems sales. The large format exhibitor’s global box office of $261 million marked its third highest grossing Q1 ever, driven by Dune, Godzilla x Kong: New Empire, Imax-exclusive Queen Rock Montreal and local language releases (21% of the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-35066 IMAX Corporation (Exact name of registrant as specified in its charter) Canada 98-0140269 (State or other jurisdiction of ...

Exhibit 99.1 _______________ IMAX CORPORATION REPORTS FIRST QUARTER 2024 EARNINGS RESULTS • Global entertainment platform delivers Revenue of $79 million and strong profitability, including Net Income of $3.3 million up 33% YoY and Total Adjusted EBITDA Margin (1) of 40.5% up more than 300 basis points YoY. • IMAX system installations climb +67% YoY to 15 in Q1; sales activity gaining momentum with 17 signings for new and upgraded IMAX systems worldwide year-to-date. • IMAX Global Box Office (GBO) of $261 m ...

New Collaboration Brings State-of-the Art IMAX with Laser to Thriving Turkish Cinema Market for First Time NEW YORK and ISTANBUL, April 24, 2024 /PRNewswire/ -- CineNOVA and IMAX Corporation (NYSE: IMAX) today announced a new partnership to install four new state-of-the-art IMAX® with Laser systems in Turkey. This agreement is the first collaboration between the two companies and will bring the first-ever premium IMAX with Laser systems to the country, marking a significant milestone for the market. The dea ...

Imax (IMAX) closed the last trading session at $17.44, gaining 11% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $22.10 indicates a 26.7% upside potential.The mean estimate comprises 10 short-term price targets with a standard deviation of $3.90. While the lowest estimate of $13 indicates a 25.5% decline from the current price level, the most optimistic analyst expects the stock ...

Key PointsIMAX operates a global technology platform that provides enhanced cinematic experiences through licensing, revenue sharing, selling, designing, installing, upgrading and servicing its systems.IMAX has swung back to profitability with GAAP EPS of 46 cents in 2023 versus a GAAP loss of 40 cents in 2022.IMAX is experiencing growth outside the United States, notably in China, as Oppenheimer rakes in $19 million in revenues.5 stocks we like better than IMAXIMAX Co. NYSE: IMAX owns and operates a techno ...