- First Quarter Revenue: Imax reported revenue of $86.7 million, which is a 9.5% increase year-over-year and exceeded the estimate of $83.9 million.
- Content Solutions Revenue: The company recorded revenue of $34.2 million in this segment, showing a 0.7% increase year-over-year, slightly below the $35 million estimate.
- Technology Products and Services Revenue: Revenue reached $50.6 million, up 17% year-over-year, beating the estimate of $46.4 million.
- Gross Margin Improvement: Gross margin improved to 61.4% from 59.3% year-over-year, surpassing the expected 57.7%.
- Adjusted Net Income: Adjusted net income was $7.2 million, a decline of 8.9% year-over-year, yet higher than the estimate of $4.45 million.
- Adjusted EBITDA: Reported at $28.0 million, representing a slight decrease of 0.2% year-over-year, falling short of the $30.3 million estimate.
- Adjusted EBITDA Margin: Increased to 42.7% from 40.5% year-over-year, above the 39.4% estimate.
- Income from Operations: Achieved $16.7 million, marking a 39% increase year-over-year, exceeding the estimate of $12.5 million.
- Total Commercial Theaters: Total count was 1,738 theaters, up 2.4% year-over-year, but slightly below the estimated 1,772.
- Cash and Cash Equivalents: Held $97.1 million, reflecting a 20% increase year-over-year, just shy of the $98.8 million estimate.
- Market Feedback: Imax attributes success to a robust content portfolio and continued consumer demand, prompting global exhibitors to invest more in The IMAX Experience.
- Analyst Recommendations: The current analyst opinions include 9 buy ratings, 1 hold, and 1 sell.
A look at IMAX Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
IMAX Corp, the renowned company specializing in offering a comprehensive cinematic experience, is positioned for a promising long-term future based on its Smartkarma Smart Scores. With a strong emphasis on growth, IMAX Corp has received an impressive score of 5, indicating a positive outlook in this vital aspect. This signifies the company’s potential for expanding its presence and market share in the film industry.
While IMAX Corp demonstrates solid growth prospects, it also maintains a respectable level of value and resilience, with scores of 3 in both categories. These scores suggest that the company is well-positioned to weather uncertainties and deliver value to its stakeholders. Moreover, with a momentum score of 3, IMAX Corp shows steady performance and potential for further advancements in the near future. However, the company’s dividend score of 1 indicates a lower focus on distributing dividends to its investors, which could be a factor to consider for income-seeking investors.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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