Financial Performance - IMAX reported Q4 2024 Net Income of $5 million (+112% YoY) with a margin of 5.7% and EPS of 10 cents (+100% YoY) [6] - Full-Year 2024 Net Income reached $26 million (+3% YoY) at a margin of 7.4%, while Total Adjusted EBITDA was $139 million (-4% YoY) at a margin of 39.4% [6] - Q4 2024 Total Revenue was $92.7 million (+8% YoY), while Full-Year Revenue was $352.2 million (-6% YoY) [7] - Net income for Q4 2024 was $6.87 million, compared to $3.31 million in Q4 2023, with net income attributable to common shareholders increasing to $5.31 million from $2.54 million [31] - Basic net income per share for Q4 2024 was $0.10, up from $0.05 in Q4 2023, while diluted net income per share also increased to $0.10 from $0.05 [31] - Net income for the year ended December 31, 2024, was $32,702, a decrease of 1.1% from $33,066 in 2023 [35] - Total revenue for the year ended December 31, 2024, was $352,208, down 6.1% from $374,839 in 2023 [50] - Adjusted net income for the full year 2024 was $51,010,000, slightly down from $52,079,000 in 2023, reflecting a decrease of 2.1% [53] Cash Flow and Liquidity - Operating cash flow for the full year 2024 was $71 million (+21% YoY), reflecting improvements in working capital [13] - As of December 31, 2024, IMAX had available liquidity of $418 million, including cash and cash equivalents of $101 million [14] - Cash and cash equivalents as of December 31, 2024, were $100.59 million, an increase from $76.20 million in 2023 [33] - Net cash provided by operating activities increased to $70,837,000 in 2024 from $58,615,000 in 2023, marking a rise of 20.8% [54] - Free cash flow for 2024 was $29,621,000, compared to $25,780,000 in 2023, indicating a growth of 14.3% [54] System Installations and Backlog - IMAX achieved 146 system installations in 2024, at the high end of its guidance of 120 to 150 installations [6] - Total IMAX System Signings for Q4 2024 were 19, a decrease of 45.7% from 35 in Q4 2023, while total signings for the year were 130, slightly up from 129 in 2023 [27] - Total IMAX System Installations for Q4 2024 were 58, down from 69 in Q4 2023, with annual installations at 146, an increase from 128 in 2023 [28] - Total System Backlog as of December 31, 2024, was 440, a decrease from 450 in 2023, with Traditional JRSA backlog remaining stable at 182 [29] - The number of IMAX locations increased by 2.5% YoY to 1,735 systems, with a backlog of 440 IMAX systems as of the end of 2024 [15] Revenue Segments - Revenue from the Content Solutions segment for the year was $124,731, slightly down from $126,698 in 2023 [38] - Revenue from the Technology Products and Services segment decreased to $216,062 from $234,303, a decline of 7.8% [38] Shareholder Returns and Investments - The company repurchased 1,166,370 common shares in 2024 at an average price of $13.99, totaling $16 million [16] - The company reported share-based compensation of $22,454,000 for the full year 2024, consistent with $23,184,000 in 2023 [53] - The company repurchased common shares worth $17,855 during the year, compared to $26,823 in 2023 [35] - The company invested $24,341,000 in equipment for joint revenue sharing arrangements in 2024, compared to $18,000,000 in 2023, representing a 35.5% increase [54] Operational Efficiency - The company reported a gross margin of $48.37 million for Q4 2024, compared to $43.69 million in Q4 2023, reflecting improved operational efficiency [31] - The company reported a gross margin of $190,200 for the year, down from $214,341 in 2023 [50] - Total Adjusted EBITDA margin improved to 39.4% in 2024 from 38.4% in 2023 [50] - Research and development expenses for Q4 2024 were $1.15 million, down from $2.72 million in Q4 2023, indicating a focus on cost management [31] Other Financial Metrics - Total assets increased to $830.40 million in 2024 from $814.67 million in 2023, while total liabilities decreased to $452.18 million from $469.08 million [33] - Unrealized investment gains for 2024 were $(127,000), compared to $(558,000) in 2023, showing an improvement of 77.2% [53] - The company incurred restructuring and other charges of $3,749,000 in 2024, up from $2,688,000 in 2023, reflecting a 39.5% increase [53] - Weighted average diluted shares outstanding decreased to 53,864,000 in 2024 from 55,146,000 in 2023, a reduction of 2.3% [53]

Core Viewpoint - Imax is expected to report significant growth in earnings and revenues for the upcoming quarter, with analysts predicting a 70.6% increase in earnings per share and a 21.8% rise in revenues compared to the previous year [1]. Earnings Estimates - The consensus EPS estimate for Imax has been revised 7.1% higher in the last 30 days, indicating a collective reevaluation by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Projections - Analysts forecast total revenues of $104.78 million for Imax, reflecting a year-over-year increase of 21.8% [1]. - Specific revenue estimates include: - 'Revenues- All other' at $4.66 million, a change of +5.1% from the previous year [4]. - 'Revenues- Technology Products and Services' at $71.40 million, indicating a +14.3% change [5]. - 'Revenues- Content Solutions' expected to reach $28.72 million, a +50.4% increase [5]. - 'Revenues- Technology Products and Services Revenue- Maintenance' at $15.56 million, +8.5% change [6]. - 'Revenues- Technology Products and Services Revenue- System Rentals' at $14.03 million, +8.3% change [6]. - 'Revenues- Content Solutions Revenue- Film Remastering and Distribution' at $22.95 million, +36.1% change [7]. - 'Revenues- Technology Products and Services Revenue- System Sales' at $40.13 million, +21.7% change [7]. System Installations and Margins - Analysts estimate 'Total IMAX System installations' to be 62, down from 69 a year ago [8]. - The 'Total System Network (IMAX systems)' is projected to reach 1,776, slightly up from 1,772 last year [8]. - Gross margin estimates include: - 'Gross Margin- Content solutions' at $15.82 million, compared to $9.71 million last year [8]. - 'Gross Margin- All Other' at $5.61 million, up from $4.10 million [9]. - 'Gross Margin- Technology Products and Services' at $38.01 million, compared to $29.88 million last year [9]. Stock Performance - Imax shares have shown a return of +16.3% over the past month, outperforming the Zacks S&P 500 composite's +4.7% change [9].

Core Viewpoint - Imax (IMAX) is anticipated to report a year-over-year increase in earnings driven by higher revenues, with the actual results being a significant factor influencing its near-term stock price [1][2]. Earnings Expectations - The upcoming earnings report is expected to be released on February 19, 2025, with a consensus estimate of $0.31 per share, reflecting an 82.4% increase year-over-year. Revenues are projected to reach $108.13 million, a 25.7% increase from the previous year [3][2]. Estimate Revisions - The consensus EPS estimate has been revised 7.14% higher in the last 30 days, indicating a reassessment by analysts regarding the company's earnings prospects [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate for Imax is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -37.77%, suggesting a bearish outlook from analysts [10][11]. Historical Performance - Imax has a history of beating consensus EPS estimates, having done so in the last four quarters, including a surprise of +59.09% in the most recent quarter where it reported earnings of $0.35 per share against an expectation of $0.22 [12][13]. Conclusion - Despite the historical performance of beating estimates, Imax does not currently appear to be a strong candidate for an earnings beat, and investors should consider other factors before making investment decisions [16].

Group 1: Company Performance - Imax has returned 68.2% year-to-date, significantly outperforming the average return of 13.9% for Consumer Discretionary companies [6] - The Zacks Consensus Estimate for Imax's full-year earnings has increased by 11.9% in the past quarter, indicating improved analyst sentiment and a more positive earnings outlook [6] - Imax holds a Zacks Rank of 2 (Buy), suggesting it has characteristics favorable for outperforming the market [5] Group 2: Industry Context - Imax is part of the Film and Television Production and Distribution industry, which consists of 7 companies and currently ranks 64 in the Zacks Industry Rank [7] - The average return for stocks in the Film and Television Production and Distribution industry is 22.1% this year, indicating that Imax is performing better than its industry peers [7] - In contrast, Kontoor Brands, another Consumer Discretionary stock, has returned 38.1% year-to-date, with a Zacks Rank of 2 (Buy) [3][5]

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

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The Zacks Film and Television Production and Distribution industry is witnessing a surge in demand for digital entertainment due to operational constraints faced by movie theaters, theme parks and cruise lines. This increased consumption of online media, music and news, driven by the work-and-learn-from-home trend, has been a boon for industry players like Warner Music Group (WMG) , News Corporation (NWSA) , Lions Gate Entertainment (LGF.A) and IMAX Corporation (IMAX) . However, as more players enter the fi ...

A month has gone by since the last earnings report for Imax (IMAX) . Shares have added about 7.1% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Imax due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. IMAX Q3 Earnings Beat, Revenues Fall Y/Y on Box Office SlumpIMAX ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.It also includes access to the Zacks Style Scores. What are the Zacks Style Scores? The Zacks Style ...

With global content consumption rising and demand for non-English content surpassing that for English movies and shows, IMAX is leveraging AI to scale localization on its original content.The entertainment and media industry grew 5% to $2.8 trillion in 2023, according to a report by PwC. The industry is expected to continue its expansion, though at a modest compound annual growth rate of nearly 4% to $3.4 trillion over the next five years. Non-English language content is growing rapidly even in English mark ...