Wall Street expects a year-over-year increase in earnings on higher revenues when Imax (IMAX) reports results for the quarter ended December 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 25, might help the stock move higher if these key numbers are better than expectations ...

Core Viewpoint - Cineverse Corp. has announced a public offering of 1,500,000 shares of its Class A common stock at a price of $2.00 per share, aiming to raise approximately $3.0 million in gross proceeds before expenses [1]. Group 1: Offering Details - The public offering price is set at $2.00 per share, with a total of 1,500,000 shares being offered [1]. - Cineverse has granted the underwriter a 30-day option to purchase an additional 225,000 shares at the same public offering price [1]. - The offering is expected to close on February 17, 2026, pending customary closing conditions [1]. Group 2: Company Background - Cineverse is described as an innovative and independent entertainment technology company and studio, focusing on developing and investing in technology and content for the industry [1]. - The company operates Matchpoint®, a tech ecosystem powered by AI, designed to enhance content preparation, distribution, monetization, and performance across various platforms [1]. - Cineverse distributes over 71,000 premium films, series, and podcasts, and collaborates with leading brands to connect with valued audiences [1].

12 February 2026 | 9:30PM HKT Equity Research Kuaishou Technology (1024.HK) Key debates on Kling vs. Seedance, tax overhang and 2026 growth; Buy 1024.HK 12m Price Target: HK$87.00 Price: HK$69.55 Upside: 25.1% We dissect the key investor debates on Kuaishou that have come up in our conversations over the past 2 months around its Kling AI's potential and competition vs. peers (Seedance 2.0 etc.), various tax related issues and a potential tax overhang in 2026 ("traffic acquisition tax", "eCommerce related ta ...

Core Viewpoint - Cineverse Corp. has announced a proposed underwritten public offering of its Class A common stock, with the intention to grant the underwriter a 30-day option to purchase an additional 15% of the shares offered, subject to market conditions [1] Company Overview - Cineverse is described as an innovative and independent entertainment technology company and studio, focusing on developing and investing in technology and content that shapes the future of the industry [1] - The company operates Matchpoint®, a tech ecosystem powered by AI, designed to prepare, distribute, monetize, and continuously improve content across various platforms [1] - Cineverse distributes over 71,000 premium films, series, and podcasts across theatrical, home entertainment, and streaming platforms, and operates numerous digital properties catering to passionate fandoms globally [1] Offering Details - The offering is being underwritten by The Benchmark Company, LLC, and a shelf registration statement relating to the shares was previously filed with the SEC, becoming effective on January 25, 2024 [1] - The offering will be conducted through a written prospectus and prospectus supplement, which will be filed with the SEC and made available on their website [1]

Core Viewpoint - Cineverse Corp. has announced an agreement to acquire IndiCue, Inc. for $22 million, enhancing its capabilities in connected television monetization [1] Group 1: Acquisition Details - The acquisition of IndiCue, Inc. is valued at $22 million, which will be paid in cash and shares of Cineverse common stock, subject to adjustments [1] - The acquisition is expected to be completed on or about February 13, 2026 [1] Group 2: Financing and Capital Structure - Cineverse has agreed to issue convertible notes totaling $13 million, with a four-year term and an interest rate of 9% per annum, convertible into shares of Cineverse's common stock [1] - The proceeds from the convertible notes will be used to fund the IndiCue acquisition, as well as for working capital and other general corporate purposes [1] Group 3: Company Overview - Cineverse is an independent entertainment technology company that develops and invests in technology and content, with a focus on its Matchpoint® ecosystem powered by AI [1] - The company distributes over 71,000 premium films, series, and podcasts across various platforms and operates numerous digital properties [1]

Core Insights - Moving iMage Technologies, Inc. (MiT) reported a 10% revenue growth in Q2'26, reaching $3.8 million, despite the typically slow period in the industry [3][11] - The company is optimistic about future growth due to strong demand for immersive cinema experiences and the integration of the DCS loudspeaker line into its offerings [3][4] Financial Performance - Q2'26 revenue increased to $3.8 million from $3.4 million in Q2'25, with gross profit rising to $1.165 million compared to $936,000 in the previous year [11][13] - Gross margin improved to 30.7% in Q2'26 from 27.2% in Q2'25, driven by a higher percentage of sales from premium products [11][13] - The operating loss narrowed to $(408,000) in Q2'26 from $(561,000) in Q2'25, while the net loss decreased to $(388,000), or $(0.04) per share, compared to $(527,000) or $(0.05) per share in the prior year [11][13] Strategic Initiatives - MiT has acquired the DCS premium cinema loudspeaker line for $1.5 million, which is expected to enhance its product portfolio and market reach [11][4] - The company has established distribution relationships with over 25 cinema equipment dealers across more than 50 countries, indicating a strong international expansion strategy [4][5] - MiT is focusing on building a robust dealer network globally to support the DCS product line and other solutions, which is seen as crucial for long-term success [6][4] Market Outlook - The company anticipates Q3'26 revenue of approximately $3 million, with expectations for a rebound in domestic box office receipts in 2026 [6][3] - There is a growing investment in cinema and audio equipment in emerging markets, which aligns with MiT's strategy to leverage the DCS brand reputation [5][4]

Core Viewpoint - Xperi Inc. will announce its Fourth Quarter and Full Year 2025 financial results on February 25, 2026 [1] Company Summary - Xperi Inc. is an entertainment technology company that focuses on inventing, developing, and delivering technologies aimed at creating extraordinary experiences [1]

Core Viewpoint - Cineverse Corp. is set to release its financial results for the fiscal third quarter ending December 31, 2025, on February 17, 2026, after market close, highlighting its ongoing commitment to transparency and investor engagement [1]. Company Overview - Cineverse is described as a next-generation entertainment technology company and studio, focusing on innovation and independence in developing and investing in technology and content [1]. - The company operates Matchpoint®, an AI-powered tech ecosystem designed to enhance content preparation, distribution, monetization, and performance across various platforms [1]. - Cineverse distributes over 71,000 premium films, series, and podcasts, and manages numerous digital properties that cater to dedicated fan bases globally [1]. Financial Communication - A conference call will be held on February 17, 2026, at 4:30 p.m. ET to discuss the financial results, with access available through the Cineverse Investor Relations website [1]. - An audio recording of the conference call will be made available for replay shortly after its conclusion [1].

Financial Data and Key Metrics Changes - Revenue for Q1 2026 was $347 million, exceeding the high end of guidance, driven by earlier-than-expected deal closures and a $7 million favorable true-up for Q4 shipments [11][12] - Non-GAAP earnings per share was $1.06, also above guidance, attributed to higher revenue and lower operating expenses [11] - Licensing revenue reached $320 million, while product and services revenue was $27 million [11] - Operating cash flow generated was approximately $55 million, with $70 million of common stock repurchased [11][12] Business Line Data and Key Metrics Changes - Mobile revenue grew over 20% year-over-year, while broadcast revenue declined in the mid-teens year-over-year, primarily due to timing of deals [12] - The automotive sector is a major focus, with partnerships increasing from 20 OEMs last year to over 35 this year [6][10] - Dolby Vision 2 was well-received at CES, with support from partners like Peacock and TP Vision, enhancing revenue opportunities from TVs [7][8] Market Data and Key Metrics Changes - The mobile market is expected to see mid-single-digit growth for the full year, despite quarterly fluctuations [12] - The automotive market remains the highest growth area, with diversification geographically, including partnerships with major manufacturers like Mercedes and Audi [60][62] Company Strategy and Development Direction - The company is focused on expanding its addressable market through new growth initiatives, including Dolby OptiView and video distribution programs [10][29] - Dolby Vision 2 aims to enhance viewer experience across various content types, with plans to launch new TVs by the end of the fiscal year [7][10] - The company is optimistic about growth in Dolby Atmos, Dolby Vision, and imaging patents, projecting a growth rate of 15%-20% per year [10][15] Management's Comments on Operating Environment and Future Outlook - Management noted that the early closure of deals does not indicate a broader change in the macro environment but provides confidence in the outlook for the year [18] - The company remains cautious about potential impacts from memory pricing and geopolitical factors but has not seen significant adjustments in guidance [58][59] - The automotive sector continues to thrive, with no immediate impacts from U.S. policy changes observed [62] Other Important Information - A dividend of $0.36 was declared, representing a 9% increase from the previous year [12] - The company ended the quarter with cash and investments of approximately $730 million [12] Q&A Session Summary Question: Impact of deal timing on revenue - Management indicated that earlier deal closures do not suggest a macro trend but help de-risk the outlook for the year [18] Question: Details on the $7 million true-up - The true-up was primarily in gaming and broadcast sectors [19] Question: Growth in mobile revenue - Growth was attributed to new deals and renewals, with expectations for slight increases over the full year [21] Question: Potential market share gains from Sony's spin-off - Management expressed optimism about strong relationships with both TCL and Sony, focusing on increasing TV attach rates [22][23] Question: Cash flow generation comparison - Cash flow can fluctuate based on deal timing, but it typically tracks closely with non-GAAP net income [24] Question: Update on patent monetization strategy - The company aims for 10% of revenue from content service providers within three years, with progress in the video distribution program [29][30] Question: OEM responses to macro issues - Management noted that while there are adjustments, they are not material, and the mobile market is most affected [58][59] Question: Adoption of in-car offerings amid policy changes - No significant impact observed; the automotive sector remains a high-growth area [62]

Group 1 - Orbis Investment Management reported a positive year in 2025, with returns driven by stock-specific research rather than post-pandemic valuation rebounds [1] - The strategy emphasizes disciplined bottom-up investing and improved execution across several portfolio holdings [1] - Rising global government debt supports equities as core real assets, with non-US markets offering attractive valuations [1] - Orbis suggests a potential shift from the long period of US market dominance, focusing on fundamentally undervalued businesses [1] Group 2 - IMAX Corporation is highlighted as a key entertainment holding benefiting from renewed strength in theatrical releases [2] - IMAX shares experienced a one-month return of approximately -5.61% but gained about 50.98% over the last 52 weeks, closing at approximately $35.39 per share with a market capitalization of about $1.9 billion [2] - The recent bidding war for Warner Bros Discovery between Paramount and Netflix underscores the value placed on scarce content and platforms for developing high-value Intellectual Property [3] - The theatrical window is identified as crucial for maximizing the value of IP, generating significant cash flow and marketing benefits [3]