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Last $37.40 USD
Change Today -0.55 / -1.45%
Volume 666.9K
As of 8:04 PM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

imax corp (IMAX) Snapshot

Open
$37.90
Previous Close
$37.95
Day High
$38.09
Day Low
$37.25
52 Week High
05/1/15 - $38.12
52 Week Low
07/16/14 - $24.01
Market Cap
2.6B
Average Volume 10 Days
1.1M
EPS TTM
$0.60
Shares Outstanding
69.6M
EX-Date
--
P/E TM
62.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for IMAX CORP (IMAX)

imax corp (IMAX) Details

IMAX Corporation, together with its subsidiaries, operates as an entertainment technology company specializing in motion picture technologies and presentations worldwide. The company operates in seven segments: IMAX Systems, Theater System Maintenance, Joint Revenue Sharing Arrangements, Film Production and IMAX Digital Re-Mastering (DMR), Film Distribution, Film Post-Production, and Other. The IMAX Systems segment designs, manufactures, sells, or leases IMAX theater projection system equipment. The Theater System Maintenance segment maintains IMAX theater projection system equipment in the IMAX theater network. The Joint Revenue Sharing Arrangements segment provides IMAX theater projection system equipment to exhibitors. The Film Production and IMAX DMR segment produces films and performs film re-mastering services. The Film Distribution segment distributes films for which the company has distribution rights. The Film Post-Production segment offers film post-production and film print services. The Other segment owns and operates IMAX theaters; rents two-dimensional and three-dimensional large-format film and digital cameras to third party production companies; and production technical support and post-production services. The company also sells or leases its theater systems to theme parks, private home theaters, tourist destination sites, fairs, and expositions, as well as is involved in the after-market sale of projection system parts and 3D glasses. It primarily serves commercial multiplex exhibitors, as well as institutional customers, such as science and natural history museums, zoos, aquaria, and other educational and cultural centers. As of December 31, 2014, the company operated 934 IMAX theaters systems, including 809 commercial multiplexes, 19 commercial destinations, and 106 institutions in 62 countries. IMAX Corporation was founded in 1967 and is headquartered in Mississauga, Canada.

600 Employees
Last Reported Date: 02/19/15
Founded in 1967

imax corp (IMAX) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $2.1M
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $615.7K
Senior Executive Vice President and Chief Exe...
Total Annual Compensation: $1.5M
Executive Vice President and President of Eur...
Total Annual Compensation: $1.4M
President of IMAX Theatres
Total Annual Compensation: $582.8K
Compensation as of Fiscal Year 2014.

imax corp (IMAX) Key Developments

IMAX Corporation Continues Roll-Out of its Next-Generation Laser Projection System at the Smithsonian and Pacific Science Center

IMAX Corporation announced it is launching its new laser projection system in the Airbus IMAX Theater at the Steven F. Udvar-Hazy Center in Chantilly, Va., and in the Boeing IMAX Theater at Pacific Science Center in Seattle, Washington on May 1, 2015 just in time for the release of Marvel's highly anticipated film, Avengers: Age of Ultron. The ground-breaking technology will provide audiences at the theatres with unparalleled brightness, contrast, color and sound. The new system also includes IMAX's next-generation sound technology that delivers even greater power and precision for ultimate audio immersion. It has been upgraded to 12 discrete channels plus sub-bass, and includes additional side channels as well as new overhead channels that will improve the system's ability to position sounds around the audience and further ensure every seat is the best in the house. IMAX has signed more than 71 laser system deals to date with iconic venues such as AMC Theatres' Lincoln Square 13, Universal Citywalk Stadium 19 and Metreon 16 IMAX locations, the Empire Leicester Square IMAX, the Darling Harbor IMAX, as well as several upcoming Wanda IMAX locations in China. The IMAX release of Marvel's Avengers: Age of Ultron will be digitally re-mastered into the image and sound quality of An IMAX 3D Experience with proprietary IMAX DMR technology. The crystal-clear images coupled with IMAX's customized theatre geometry and powerful digital audio create a unique environment that will make audiences feel as if they are in the movie.

IMAX Corporation Reports Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year 2015

IMAX Corporation reported consolidated unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported total revenues were $62,211,000 against $48,197,000 a year ago. Income from operations was $2,652,000 against $808,000 a year ago. Income from operations before income taxes was $2,594,000 against $558,000 a year ago. Income from continuing operations was $1,485,000 against $224,000 or $0.01 basic and diluted per share a year ago. Net income attributable to Common Shareholders was $391,000 against $579,000 or $0.01 basic and diluted per share a year ago. Net cash provided by operating activities was $6,069,000 against $13,934,000 a year ago. Purchase of property, plant and equipment was $22,582,000 against $7,927,000 a year ago. Acquisition of other intangible assets was $665,000 against $287,000 a year ago. Adjusted net income attributable to common shareholders was $5,004,000 or $0.07 diluted per share against $3,252,000 or $0.05 diluted per share a year ago. Adjusted EBITDA for the first quarter was $16 million, representing a 27% increase over last year. For the year 2015, the company expects full year 2015 tax rate to come in at about 26%, with about $15 million to $18 million of cash taxes.

Imax & Vox Cinemas Partner for Three Theaters in the Middle East

Imax Corporation and Vox Cinemas have inked an agreement for three Imax theatres to be added to Vox locations throughout the region. Imax theatres will be added to existing complexes in Abu Dhabi, UAE, and in Beirut, Lebanon, marking Imax's entry into that country. In addition, Imax's next-generation digital laser projection system will be launched as part of a completely new development of their Vox Cinema, located within the landmark Mall of the Emirates in Dubai, UAE.

 

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IMAX Competitors

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Barco NV €62.06 EUR +0.18
Carmike Cinemas Inc $30.30 USD +0.23
Dolby Laboratories Inc $39.54 USD -0.74
EVS Broadcast Equipment SA €33.70 EUR +0.05
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Industry Analysis

IMAX

Industry Average

Valuation IMAX Industry Range
Price/Earnings 68.0x
Price/Sales 8.6x
Price/Book 6.7x
Price/Cash Flow 64.0x
TEV/Sales 7.9x
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