IMAX, an innovator in entertainment technology, combines proprietary software, architecture and equipment to create experiences that takes people beyond the edge of seat to a world they've never imagined. Top filmmakers and studios are utilizing IMAX theaters to connect with audiences in extraordinary ways, and, as such, IMAX's network is among the most important and successful theatrical distribution platforms for major event films around the globe.

Company profile
Ticker
IMAX
Exchange
Website
CEO
Richard Gelfond
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
3183 Films Ltd. • 12582 Productions Inc. • 1329507 Ontario Inc. • 2328764 Ontario Ltd. • 4507592 Canada Ltd. • 6822967 Canada Ltd. • 7096267 Canada Ltd. • 7103077 Canada Ltd. • 7109857 Canada Ltd. • 7214316 Canada Ltd. ...
IRS number
980140269
IMAX stock data
News

Is The 'Pounce' Happening Today? Here's What To Expect For AMC's Earnings
4 Aug 22
Imax's Return on Invested Capital Overview
4 Aug 22
Imax China Takes Double Hit From Covid Closures, Dearth Of Hollywood Films
4 Aug 22
IMAX, Cineworld Expand Longstanding Partnership With Agreement For Upgraded And New IMAX Locations Worldwide; Terms Not Disclosed
3 Aug 22
What's Going On With AMC Entertainment Stock Today?
2 Aug 22
Press releases
IMAX and Cineworld Expand Longstanding Partnership with Agreement for Upgraded and New IMAX Locations Worldwide
3 Aug 22
IMAX CORPORATION REPORTS SECOND QUARTER 2022 RESULTS
28 Jul 22
IMAX Corporation To Announce Second-Quarter 2022 Financial Results And Host Conference Call
11 Jul 22
IMAX Bolts to $23 Million Debut for "Thor: Love and Thunder"
11 Jul 22
IMAX Announces Extension of Current Share-Repurchase Program
30 Jun 22
Analyst ratings and price targets
Current price
Average target
$25.00
Low target
$25.00
High target
$25.00
Benchmark
Maintains
$25.00
B. Riley Securities
Maintains
$25.00
Rosenblatt
Initiated
$25.00
Calendar
28 Jul 22
16 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Cost of revenue | |||||
Operating income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 110.11M | 110.11M | 110.11M | 110.11M | 110.11M | 110.11M |
Cash burn (monthly) | 17.4M | 8.67M | 372.67K | (no burn) | 503.33K | (no burn) |
Cash used (since last report) | 27.32M | 13.61M | 585.2K | n/a | 790.39K | n/a |
Cash remaining | 82.8M | 96.5M | 109.53M | n/a | 109.32M | n/a |
Runway (months of cash) | 4.8 | 11.1 | 293.9 | n/a | 217.2 | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
10 Jun 22 | Douglas Kevin | Common Stock | Grant | Acquire A | No | No | 0 | 7,348 | 0 | 3,968,458 |
10 Jun 22 | Demirian Eric A | common shares | Payment of exercise | Dispose F | No | No | 16.26 | 3,934 | 63.97K | 51,290 |
10 Jun 22 | Demirian Eric A | common shares | Option exercise | Acquire M | No | No | 0 | 7,348 | 0 | 55,224 |
10 Jun 22 | Demirian Eric A | restricted share units common shares | Option exercise | Dispose M | No | No | 0 | 7,348 | 0 | 0 |
10 Jun 22 | Demirian Eric A | restricted share units common shares | Grant | Acquire A | No | No | 0 | 7,348 | 0 | 7,348 |
10 Jun 22 | Steve Pamon | common shares | Option exercise | Acquire M | No | No | 0 | 7,348 | 0 | 12,933 |
10 Jun 22 | Steve Pamon | restricted share units common shares | Option exercise | Dispose M | No | No | 0 | 7,348 | 0 | 0 |
10 Jun 22 | Steve Pamon | restricted share units common shares | Grant | Acquire A | No | No | 0 | 7,348 | 0 | 7,348 |
10 Jun 22 | Leebron David W | common shares | Option exercise | Acquire M | No | No | 0 | 7,348 | 0 | 108,501 |
10 Jun 22 | Leebron David W | restricted share units common shares | Option exercise | Dispose M | No | No | 0 | 7,348 | 0 | 0 |
Institutional ownership, Q1 2022
83.4% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 152 |
Opened positions | 17 |
Closed positions | 16 |
Increased positions | 42 |
Reduced positions | 57 |
13F shares | Current |
---|---|
Total value | 881.01M |
Total shares | 46.78M |
Total puts | 992.1K |
Total calls | 2.88M |
Total put/call ratio | 0.3 |
Largest owners | Shares | Value |
---|---|---|
Douglas Kevin | 3.84M | $68.43M |
BLK Blackrock | 2.76M | $52.23M |
Nantahala Capital Management | 2.67M | $50.51M |
Alliancebernstein | 2.5M | $47.41M |
IVZ Invesco | 2.22M | $41.97M |
MCQEF Macquarie | 2.13M | $40.29M |
Massachusetts Financial Services | 1.95M | $36.87M |
Renaissance Technologies | 1.76M | $33.4M |
BEN Franklin Resources | 1.52M | $28.77M |
Wellington Management | 1.38M | $26.16M |
Financial report summary
?Risks
- The success of the IMAX network is directly related to the availability and success of IMAX DMR films, and other films released to the IMAX network, as well as the continued purchase or lease of IMAX Theater Systems and other support by movie exhibitors, for which there can be no guarantee.
- The Company faces cyber-security and similar risks, which could result in the disclosure, theft, or loss of confidential or other proprietary information, including intellectual property, damage to the Company’s brand and reputation, legal exposure and financial losses. The Company must also comply with a variety of data privacy regulations and failure to comply with such regulations may affect the Company’s financial performance.
- The Company conducts business internationally, which exposes it to uncertainties and risks that could negatively affect its operations, sales, and future growth prospects.
- The Company faces risks in connection with its significant presence in China and the continued expansion of its business there.
- Consolidation among commercial exhibitors and studios reduces the breadth of the Company’s customer base, and could result in a narrower market for the Company’s products and reduced negotiating leverage. A deterioration in the Company’s relationship with key partners could materially and adversely affect the Company’s business, financial condition or results of operation. In addition, an adverse economic impact on a significant customer’s business operations could have a corresponding material adverse effect on the Company.
- Failure to respond adequately or in a timely fashion to changes and advancements in digital technology could negatively affect the Company’s business.
- The Company may not be able to adequately protect its intellectual property, and competitors could misappropriate its technology or brand, which could weaken its competitive position.
- The Company may be subject to claims of infringement of third-party intellectual property rights that are costly to defend, result in the diversion of management’s time and efforts, require the payment of damages, limit the Company’s ability to use particular technologies in the future or prevent the Company from marketing its existing or future products and services.
- The Company’s operating results and cash flow can vary substantially from period to period and could increase the volatility of its share price.
- The Company’s theater system revenue can vary significantly from its cash flows under IMAX Theater System sales or lease agreements.
- The Company’s inability to enter into renewals of new sales and lease agreements on favorable terms or at all would adversely affect its cash flows and operating results.
- The Company’s revenues from existing customers are derived in part from financial reporting provided by its customers, which may be inaccurate or incomplete, resulting in lost or delayed revenues.
- There is collection risk associated with payments to be received over the terms of the Company’s theater system agreements.
- The Company may be subject to impairment losses on its film assets if such assets do not meet management’s estimates of total revenues.
- The Company may be subject to impairment losses on its inventories if they become obsolete.
- Because the Company is incorporated in Canada, it may be difficult for plaintiffs to enforce against the Company liabilities based solely upon United States federal securities laws.
- The credit agreement governing the Company’s senior secured credit facility contains significant restrictions that limit its operating and financial flexibility.
- The Company may be unable to raise the funds necessary to repurchase the Convertible Notes for cash following a fundamental change, or to pay the cash amounts due upon conversion, and the Company’s other indebtedness may limit its ability to repurchase the Convertible Notes or pay cash upon their conversion.
- The loss of one or more of the Company’s key personnel, or its failure to attract and retain its employee population, could adversely affect its business.
- Regulatory and market responses to climate change concerns may negatively impact our business and increase our operating costs.
- The Company’s business and financial results could be adversely affected by weather conditions and natural disasters.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. junior Avg
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New words:
Branch, camera, captured, celebration, Codification, consent, craft, dividend, double, Dragon, evidenced, Fest, Fleming, Fox, Game, Hansan, HSBC, IMAXTM, Lion, LiveTM, notice, optimistic, preceded, proposed, repeated, Shiva, shot, Sing, Star, Summer, sunset, Super, Venice, Water
Removed:
appealed, calendar, environment, launched, outflow, Paramount, record, recover, reduced, ruled, ruling, worth
Financial reports
Current reports
8-K
Imax Corporation Reports Second Quarter 2022 Results
28 Jul 22
8-K
IMAX Announces Extension of Current Share-Repurchase Program
30 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
10 Jun 22
8-K/A
Departure of Directors or Certain Officers
29 Apr 22
8-K
Imax Corporation Reports First Quarter 2022 Results
28 Apr 22
8-K
Departure of Directors or Certain Officers
19 Apr 22
8-K
Entry into a Material Definitive Agreement
28 Mar 22
8-K
Imax Corporation Reports Q4 and Full-year 2021 Results
23 Feb 22
8-K
Imax Corporation Reports Third Quarter 2021 Results
28 Oct 21
8-K
Entry into a Material Definitive Agreement
29 Jul 21
Registration and prospectus
S-8 POS
Registration of securities for employees (post-effective amendment)
18 Aug 21
S-8 POS
Registration of securities for employees (post-effective amendment)
18 Aug 21
S-8 POS
Registration of securities for employees (post-effective amendment)
18 Aug 21
S-8 POS
Registration of securities for employees (post-effective amendment)
18 Aug 21
S-8 POS
Registration of securities for employees (post-effective amendment)
18 Aug 21
S-8 POS
Registration of securities for employees (post-effective amendment)
18 Aug 21
S-8
Registration of securities for employees
4 Jun 20
S-8
Registration of securities for employees
6 Jun 16
S-3ASR
Automatic shelf registration
20 Feb 14
S-8
Registration of securities for employees
11 Jun 13
Other
SD
Conflict minerals disclosure
31 May 22
SD
Conflict minerals disclosure
1 Jun 21
SD
Conflict minerals disclosure
29 May 20
UPLOAD
Letter from SEC
29 Mar 20
CORRESP
Correspondence with SEC
26 Mar 20
UPLOAD
Letter from SEC
18 Mar 20
UPLOAD
Letter from SEC
29 Jul 19
CORRESP
Correspondence with SEC
23 Jul 19
UPLOAD
Letter from SEC
9 Jul 19
SD
Conflict minerals disclosure
29 May 19
Ownership
4
IMAX / DAVID W LEEBRON ownership change
14 Jun 22
4
IMAX / Darren D Throop ownership change
14 Jun 22
4
IMAX / Michael MacMillan ownership change
14 Jun 22
4
IMAX / DANA R SETTLE ownership change
14 Jun 22
4
IMAX / Eric A Demirian ownership change
14 Jun 22
4
IMAX / Steve Pamon ownership change
14 Jun 22
4
IMAX / KEVIN DOUGLAS ownership change
14 Jun 22
3
IMAX / Natasha Fernandes ownership change
11 May 22
4
IMAX / Joseph Sparacio ownership change
3 May 22
4
IMAX / Jacqueline Bassani ownership change
18 Mar 22
Patents
Utility
Cinema light emitting screen and sound system
5 Jul 22
Light emitting displays can be used in cinemas for cinema presentations that integrate a sound system to achieve immersive conditions in cinema theatres.
Utility
Cinema Light Emitting Screen and Sound System
16 Jun 22
Light emitting displays can be used in cinemas for cinema presentations that integrate a sound system to achieve immersive conditions in cinema theatres.
Utility
Wireless content delivery for a tiled LED display
31 May 22
An active display (102) can be used in a theatre environment (100) in which content to be displayed by the active display (102) can be delivered wirelessly using emitters (118).
Utility
Wide color gamut LED pixel with screen-door reduction and high LED selection yield
7 Dec 21
An active display can have an increased color gamut and include a group of LED packets that each form a sub-pixel and that together form a pixel for the display.
Utility
Light Conditioning of Direct View Display for Cinema
8 Jul 21
Systems for displaying images in a cinema setting can include components to reduce screen-door effect.
Transcripts
2022 Q2
Earnings call transcript
29 Jul 22
2022 Q1
Earnings call transcript
29 Apr 22
2021 Q4
Earnings call transcript
24 Feb 22
2021 Q3
Earnings call transcript
29 Oct 21
2021 Q2
Earnings call transcript
28 Jul 21
2021 Q1
Earnings call transcript
29 Apr 21
2020 Q4
Earnings call transcript
5 Mar 21
2020 Q3
Earnings call transcript
29 Oct 20
2020 Q2
Earnings call transcript
28 Jul 20
2020 Q1
Earnings call transcript
30 Apr 20
Reddit threads
IMAX AND Cinemark. This is the way.
9 Aug 22
💎 in the rough: IMAX
1 Aug 22
Daily Discussion Thread - July 28th, 2022
28 Jul 22
Daily Discussion Thread - July 27th, 2022
27 Jul 22
Daily Discussion Thread - July 26th, 2022
26 Jul 22
Daily Discussion Thread - July 25th, 2022
25 Jul 22
Should I get back into the casino?
22 Jul 22
Met AMC CEO Adam Aron
14 Jul 22
Daily Discussion - Thursday June 30 2022
30 Jun 22
Who the - - - - can still say movie theaters are dead and have no future?
26 Jun 22