Sector: Consumer Cyclicals | Industry: Entertainment Production |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 2525 Speakman Drive MISSISSAUGA ON L5K 1B1 |
Tel: | N/A |
Website: | https://www.imax.com |
IR: | See website |
Key People | ||
Richard Lewis Gelfond Chief Executive Officer, Director | Anne Globe Chief Marketing Officer | Natasha Fernandes Chief Financial Officer, Executive Vice President |
Daniel Wade Manwaring Chief Executive Officer of IMAX China Holding | Mark Welton President - IMAX Theatres | Michele Golden Global Chief People Officer |
Pablo Calamera Executive Vice President, Chief Technology Officer | Robert Darin Lister Chief Legal Officer and Senior Executive Vice President | Elizabeth Gitajn Senior Vice President - Finance, Controller | Denny Tu Senior Vice President |
Business Overview |
IMAX Corporation (IMAX) provides a technology platform for entertainment and events. Through its software, theater architecture, patented intellectual property, and specialized equipment, IMAX offers an end-to-end solution to create content experiences. The Company operates in two segments: Content Solutions and Technology Products and Services. Its Content Solutions segment includes the digital remastering of films and other content into IMAX formats for distribution to the IMAX network. This segment also offers distribution of large-format documentary films and exclusive experiences ranging from live performances to interactive events with artists and creators, as well as film post-production services. Its Technology Products and Services segment is engaged in the sale or lease of IMAX Systems, as well as in the maintenance of IMAX Systems. This segment also offers certain ancillary theater business activities, including after-market sales of IMAX System parts, and 3D glasses. |
Financial Overview |
For the three months ended 31 March 2024, Imax Corp (USA) revenues decreased 9% to $79.1M. Net income increased 33% to $3.3M. Revenues reflect Technology Products and Services segment decrease of 16% to $43.2M, All Other segment decrease of 38% to $2M, Greater China segment decrease of 19% to $21.5M, Canada segment decrease of 67% to $2.4M. Net income reflects Advertising Expense decrease of 55% to $3.2M (expense). |
Employees: | 697 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $1,096M as of Mar 31, 2024 |
Annual revenue (TTM): | $367.02M as of Mar 31, 2024 |
EBITDA (TTM): | $120.90M as of Mar 31, 2024 |
Net annual income (TTM): | $26.16M as of Mar 31, 2024 |
Free cash flow (TTM): | $11.02M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | $216.95M as of Mar 31, 2024 |
Shares outstanding: | 52,624,944 as of Apr 8, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |