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Imax Corporation  (IMAX)
Other Ticker:  
 
    Sector  Technology    Industry Consumer Electronics
   Industry Consumer Electronics
   Sector  Technology
 
Price: $16.5000 $-0.33 -1.961%
Day's High: $16.88 Week Perf: -2.25 %
Day's Low: $ 16.38 30 Day Perf: 13.01 %
Volume (M): 683 52 Wk High: $ 21.82
Volume (M$): $ 11,276 52 Wk Avg: $17.52
Open: $16.75 52 Wk Low: $13.20



 Market Capitalization (Millions $) 916
 Shares Outstanding (Millions) 56
 Employees 646
 Revenues (TTM) (Millions $) 387
 Net Income (TTM) (Millions $) 34
 Cash Flow (TTM) (Millions $) 12
 Capital Exp. (TTM) (Millions $) 8

Imax Corporation

IMAX Corporation, together with its consolidated subsidiaries, is one of the world’s leading entertainment technology companies, specializing in motion picture technologies and presentations. IMAX offers a unique end-to-end cinematic solution combining proprietary software, theater architecture and equipment to create the highest-quality, most immersive motion picture experience for which the IMAX® brand has become known globally. Top filmmakers and studios utilize IMAX theaters to connect with audiences in innovative ways, and as such, IMAX’s theater network is among the most important and successful theatrical distribution platforms for major event films around the world.

The Company’s principal businesses are:

the design and manufacture of premium theater systems (“IMAX theater systems”) and the sale, lease or contribution of those systems to customers under theater system arrangements; and

the Digital Re-Mastering of films into the IMAX format and the exhibition of those films in the IMAX theater network.
IMAX theater systems are based on proprietary and patented technology developed over the course of the Company’s 48-year history. The Company’s customers who purchase, lease or otherwise acquire the IMAX theater systems through joint revenue sharing arrangements are theater exhibitors that operate commercial theaters (particularly multiplexes), museums, science centers, or destination entertainment sites. The Company generally does not own IMAX theaters, but licenses the use of its trademarks along with the sale, lease or contribution of the IMAX theater system. The Company refers to all theaters using the IMAX theater system as “IMAX theaters”.
IMAX theater systems combine:

IMAX DMR (Digital Re-Mastering) movie conversion technology, which results in higher image and sound fidelity than conventional cinema experiences;

advanced, high-resolution projectors with specialized equipment and automated theater control systems, which generate significantly more contrast and brightness than conventional theater systems;

large screens and proprietary theater geometry, which result in a substantially larger field of view so that the screen extends to the edge of a viewer’s peripheral vision and creates more realistic images;

sound system components, which deliver more expansive sound imagery and pinpointed origination of sound to any specific spot in an IMAX theater; and

specialized theater acoustics, which result in a four-fold reduction in background noise.
Together these components cause audiences in IMAX theaters to feel as if they are a part of the on-screen action, creating a more intense, immersive and exciting experience than a traditional theater.


As a result of the immersiveness and superior image and sound quality of The IMAX Experience, the Company’s exhibitor customers typically charge a premium for IMAX DMR films over films exhibited in their other auditoriums. The premium pricing, combined with the higher attendance levels associated with IMAX DMR films, generates incremental box-office for the Company’s exhibitor customers and for the movie studios releasing their films to the IMAX network. The incremental box-office generated by IMAX DMR films has helped establish IMAX as a key premium distribution and marketing platform for Hollywood blockbuster films.

DMR – IMAX’s proprietary DMR technology digitally converts live-action digital films or 35mm to its large-format, while meeting the Company’s high standards of image and sound quality. In a typical IMAX DMR film arrangement, the Company will receive a percentage, which in recent years has ranged from 10-15%, of net box-office receipts of a film from the film studio in exchange for the conversion of the film to the IMAX DMR format and for access to the IMAX distribution platform. At December 31, 2015, the Company had released 241 IMAX DMR films since the introduction of IMAX DMR in 2002. The number of films released on an annual basis that have been converted through the DMR process has increased significantly in recent years with the advent of digital technology that has reduced the DMR conversion time and with the strengthening of the Company’s relationships with major Hollywood studios. Accordingly, 44 films converted through the IMAX DMR process were released in 2015, as compared to six in 2007.

IMAX Xenon-based Digital Projection System – The Company introduced its xenon-based digital projection system in 2008. Prior to 2008, all of IMAX’s large format projectors were film-based and required analog film prints. The IMAX xenon-based digital projection system, which operates without the need for such film prints, was designed specifically for use by commercial multiplex operators and allows operators to reduce the capital and operating costs required to run an IMAX theater without sacrificing the image and sound quality of The IMAX Experience. By making The IMAX Experience more accessible for commercial multiplex operators, the introduction of the IMAX xenon-based digital projection system paved the way for a number of important joint revenue sharing arrangements which have allowed the Company to rapidly expand its theater network. Since announcing that the Company was developing xenon-based digital projection technology, the vast majority of the Company’s theater system signings have been for xenon-based digital systems. As at December 31, 2015, the Company has signed agreements for 1,287 xenon-based digital systems since 2007, 127 of which were signed in 2015 alone.

IMAX Laser-based Digital Projection System – As one of the world’s leaders in entertainment technology, the Company strives to remain at the forefront of advancements in cinema technology. Accordingly, one of the Company’s key short-term initiatives has been the development of its next-generation laser-based digital projection system, which it began rolling out at the end of 2014. In order to develop the laser-based digital projection system, the Company obtained exclusive rights to certain laser projection technology and other technology with applicability in the digital cinema field from Eastman Kodak Company (“Kodak”) in 2011 and entered a co-development arrangement with Barco N.V. (“Barco”) to co-develop a laser-based digital projection system that incorporates Kodak technology in 2012. Furthermore, in 2014, the Company announced an agreement with Necsel IP, Inc. (“Necsel”) to be the exclusive worldwide provider of specified lasers for IMAX’s laser-based digital projection systems in exchange for preferred pricing and supply terms. The Company believes that these arrangements with Kodak, Barco and Necsel enable IMAX laser-based digital projectors to present greater brightness and clarity, higher contrast, a wider color gamut and deeper blacks, and consume less power and last longer than existing digital technology. The laser projection solution is the first IMAX digital projection system capable of illuminating the largest screens in its network.



   Company Address: 2525 Speakman Drive Mississauga 0 ON
   Company Phone Number: 403-6500   Stock Exchange / Ticker: NYSE IMAX
   


   

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Personnel Announcements

IMAX Appoints Industry Trailblazer, Anne Globe, as CMO and Sees Steady Growth in ROI

Published Tue, Jan 16 2024 7:30 PM UTC

well as curious readers.
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IMAX Names Anne Globe as Chief Marketing Officer
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PLAYA VISTA, Calif., Jan. 16, 2024 - IMAX Corporation, a global leader in entertainment technology, has recently appointed Anne Globe as their Chief Marketing Officer (CMO). Globe's extensive experience in entertainment marketing, having previously worked as the CMO of Skyd...

Imax Corporation

Imax Corporation Surges with Impressive Profits and Revenue Growth, Culminating in a Promising Future2. Imax Corporation Showcases Remarkable Financial Improvement, Exemplifying Adaptability and Success in the Market

Imax Corporation Sees Positive Growth in Profits and Revenue, Promising Future Ahead
Investors are in for great news as Imax Corporation, the renowned consumer electronics company, reported a substantial improvement in its financial performance for the most recent fiscal period. With profits turning positive at $0.22 per share compared to a loss of $0.16 per share a year ago, Imax Corporation has showcased its ability to adapt and excel in the ever-evolving market.
What is even more remarkable is the significant increase in earnings per share, which soared 46.67% from $0.15 per share in the preceding quarter. This impressive growth demonstrates the company's commitment to delivering value to shareholders and its ability to capitalize on emerging opportunities.

Imax Corporation

Imax Corporation Soars High with a Whopping 275% Advance in Income per Share and 32% Rise in Revenue for Q2 of 2023!

Imax Corporation, a leading entertainment technology company, has shown significant improvement in its financial performance during the second quarter of the 2023 earnings season. The company's bottom-line turned positive, reporting earnings of $0.15 per share compared to a loss of $0.05 per share in the same period of the previous year. This represents a substantial increase of 275% in Income per Share from the prior reporting period, where earnings were $0.04 per share.
One of the key drivers of Imax Corporation's improved financial results is the notable increase in revenue. The company reported a 32.461% surge in revenue, reaching $97.98 million in the second quarter of 2023, compared to $73.97 million in the same period a year ago. Additionally, the revenue has sequentially advanced by 12.689% from $86.95 million in the previous reporting period.






 

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