IMAX Corporation (NYSE:IMAX) Q2 2024 Earnings Conference Call July 25, 2024 8:30 AM ET Company Participants Jennifer Horsley - Head-Investor Relations Richard Gelfond - Chief Executive Officer Natasha Fernandes - Chief Financial Officer Conference Call Participants Chad Beynon - Macquarie Eric Wold - B. Riley Securities David Joyce - Seaport Research Partners Steven Frankel - Rosenblatt Securities Omar Mejias - Wells Fargo David Karnovsky - JPMorgan Mike Hickey - The Benchmark Company James Goss - Barringto ...

For the quarter ended June 2024, Imax (IMAX) reported revenue of $88.96 million, down 9.2% over the same period last year. EPS came in at $0.18, compared to $0.26 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $76.8 million, representing a surprise of +15.84%. The company delivered an EPS surprise of +200.00%, with the consensus EPS estimate being $0.06.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they c ...

Imax (IMAX) came out with quarterly earnings of $0.18 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.26 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 200%. 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 $0.15, delivering a surprise of 50%.Over the last four quarters, the ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of each class Trading Symbol(s) Name of each exchange on which registered Common Shares, no par value IMAX The New York Stock Exchange Large accelerated filer ☒ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ 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 June 30, 2024 OR ☐ TRANSITION REP ...

Exhibit 99.1 IMAX CORPORATION REPORTS SECOND QUARTER 2024 EARNINGS RESULTS • Global entertainment platform delivers solid results, including Revenue of $89 million, Net Income of $3.6 million, EPS of 7 cents, Total Adjusted EBITDA of $31 million and Adjusted EPS of 18 cents. (1) (2) (1) • Signings for new and upgraded IMAX systems grow to 87 (+89%) in the quarter; system installations climb to 24 (+20%) as Company raises installation guidance to 130 to 150 systems for full-year 2024 vs. 128 in full-year 202 ...

Global entertainment platform delivers solid results, including Revenue of $89 million, Net Income of $3.6 million, EPS(1) of 7 cents, Total Adjusted EBITDA(2) of $31 million and Adjusted EPS(1) of 18 cents.Signings for new and upgraded IMAX systems grow to 87 (+89%) in the quarter; system installations climb to 24 (+20%) as Company raises installation guidance to 130 to 150 systems for full-year 2024 vs. 128 in full-year 2023.June surge of film hits pushes quarterly Global Box Office to $196 million; third ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Imax (IMAX) , which belongs to the Zacks Film and Television Production and Distribution industry, could be a great candidate to consider.This entertainment technology company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 60%.For the most rec ...

Core Insights - IMAX Corporation has announced a strategic partnership with muvi Cinemas to expand its presence in Saudi Arabia, marking a significant development for both companies and the local cinema market [1][2] - The agreement includes the installation of four new IMAX with Laser systems in major cities, with plans for rapid rollout by the end of 2024 [1][2] - IMAX has identified potential for at least 50 locations in Saudi Arabia, building on its existing 10 locations and 22 more planned [2] Expansion Plans - The new IMAX locations will feature advanced IMAX with Laser technology, promising enhanced moviegoing experiences with superior image and audio quality [3] - The expansion is part of IMAX's broader strategy to solidify its market position amid competition from other premium large format providers [4] Market Performance - Saudi Arabia has become a key market for IMAX since 2019, consistently ranking among the top 20 countries for the company [2] - Recent box office successes, including "Oppenheimer," highlight the strong demand for both Hollywood and local content [2] Competitive Landscape - IMAX faces competition from providers like Dolby Cinema and CGV's 4DX, which offer unique features to enhance the viewing experience [4] - Despite this competition, IMAX maintains its edge through brand recognition and partnerships with filmmakers [4] Global Strategy - IMAX's global expansion includes partnerships in various countries, such as China, the Philippines, Turkey, India, and Thailand, focusing on upgrading to laser projection systems [5] - The company installed 152 new systems across 30 countries in 2023, emphasizing its commitment to technological advancement [5] Financial Outlook - The Zacks Consensus Estimate for IMAX's 2024 revenues is $375.59 million, reflecting a slight year-over-year increase [6] - The earnings per share estimate for 2024 is 90 cents, indicating a year-over-year decline [6] Future Goals - By expanding in high-growth markets and enhancing technology, IMAX aims to maintain its leadership in premium cinema offerings globally [7]

Largest Exhibitor in Saudi Arabia to Open Four New IMAX® With Laser Locations, including Two in Riyadh and One in Jeddah's Mall of ArabiaNEW YORK and RIYADH, Saudi Arabia, July 16, 2024 /PRNewswire/ -- IMAX Corporation (NYSE: IMAX) and muvi Cinemas, the largest exhibitor in Saudi Arabia, today announced their first-ever collaboration with an agreement for four new, state-of-the-art IMAX® with Laser systems across some of the biggest commercial centers in the country.Under the agreement, muvi Cinemas will br ...

Group 1 - IMAX Corporation will hold a conference call on July 25, 2024, at 8:30 a.m. Eastern Time to discuss its second quarter 2024 financial results [1] - The conference call will be accessible via webcast and telephone, with pre-registration required for telephone access [1] - A replay of the call will be available on IMAX's investor relations website [1] Group 2 - IMAX is an innovator in entertainment technology, utilizing proprietary software, architecture, and equipment to enhance cinematic experiences [2] - As of March 31, 2024, IMAX operates 1,772 systems across 89 countries, including 1,697 commercial multiplexes and 63 institutional systems [2] - IMAX China Holding, Inc. is a subsidiary of IMAX Corporation, trading on the Hong Kong Stock Exchange under the stock code "1970" [2]