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]

Investors in IMAX Corporation (IMAX) need to pay close attention to the stock based on moves in the options market lately. That is because the Jul 19, 2024 $5.00 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also ...

Core Viewpoint - The investment rating for IMAX Corp. has been upgraded from hold to buy due to a favorable shift in cinema attendance dynamics and the company's strong positioning in the premium experience market [1][13]. Cinema Industry Trends - Cinema attendance is rebounding, with AMC Entertainment reporting its most attended and highest-grossing weekend since 2023, indicating that the cinema industry is not in permanent decline [3]. - The value proposition of cinemas has shifted from merely showing new movies to offering premium experiences that cannot be replicated at home, aligning with younger generations' preferences for unique experiences [4]. IMAX's Market Position - IMAX has returned to 2019 levels of global box office revenue, with approximately $1.046 billion in LTM box office as of 1Q24, compared to $1.1 billion in 2019 [5]. - There are 14 "filmed for IMAX" titles scheduled for 2025, more than double any previous year, indicating strong demand for IMAX content [5]. - The partnership expansion with Wanda Film, China's largest exhibitor, highlights IMAX's importance in driving cinema attendance [5]. Installation and Adoption - The number of new IMAX systems installed has increased significantly, with 47 new systems in 4Q23 and a 12% increase in 1Q24 compared to the previous year [6]. - IMAX has a backlog of 442 systems, representing about 25% of total systems installed, suggesting strong growth potential over the next 2.5 years [8]. Financial Outlook - IMAX is expected to sustain high-single-digit growth through FY27, supported by management guidance and visibility in the number of installations [10]. - The current valuation at 8x forward EBITDA suggests a potential stock value of approximately $23, assuming continued share buybacks [11]. Conclusion - The shift in the cinema industry's value proposition towards premium experiences favors IMAX, creating a positive feedback loop that encourages more studios to produce content for IMAX and more cinemas to install IMAX screens [13].