IMAX Imax
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)
Eastman Kodak • GoPro • Ballantyne Strong • Ikonics • Hawkeye Systems • Life Clips • Canon • Moving iMage ...
SEC CIK
Corporate docs
IRS number
980140269
IMAX stock data
()
Press releases
IMAX Corporation Reports Second Quarter 2021 Results
27 Jul 21
IMAX Lands $12 Million Global Opening For "Black Widow"
11 Jul 21
IMAX Corporation To Announce Second-Quarter 2021 Financial Results And Host Conference Call
6 Jul 21
IMAX China To Announce First-Half 2021 Financial Results and Host Conference Call
6 Jul 21
IMAX Races to Top Domestic Opening of Pandemic Era With $5.5 Million Debut of "F9"
27 Jun 21
Calendar
27 Jul 21
29 Jul 21
31 Dec 21
Financial summary
Quarter (USD) |
Jun 21 | Mar 21 | Dec 20 | Sep 20 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
Annual (USD) |
Dec 20 | Dec 19 | Dec 18 | Dec 17 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
Financial data from Imax earnings reports.
| Cash burn rate (estimated) | Burn method: Change in cash | Burn method: Operating income/loss | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 214.13M | 214.13M | 214.13M | 214.13M | 214.13M | 214.13M |
| Cash burn (monthly) | 17.89M | 8.74M | 984K | 4.64M | 2.02M | 1.6M |
| Cash used (since last report) | 17.75M | 8.67M | 976.58K | 4.6M | 2.01M | 1.58M |
| Cash remaining | 196.37M | 205.45M | 213.15M | 209.52M | 212.12M | 212.54M |
| Runway (months of cash) | 11.0 | 23.5 | 216.6 | 45.2 | 104.9 | 133.2 |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 10 Jun 21 | Weissman Kenneth Ian | restricted share units common shares | Grant | Aquire A | No | No | 0 | 1,706 | 0 | 1,706 |
| 10 Jun 21 | Douglas Kevin | Common Stock | Grant | Aquire A | No | No | 0 | 5,585 | 0 | 3,961,110 |
| 10 Jun 21 | Steve Pamon | common shares | Option exercise | Aquire M | No | No | 0 | 5,585 | 0 | 5,585 |
| 10 Jun 21 | Steve Pamon | restricted share units common shares | Option exercise | Dispose M | No | No | 0 | 5,585 | 0 | 0 |
| 10 Jun 21 | Steve Pamon | restricted share units common shares | Grant | Aquire A | No | No | 0 | 5,585 | 0 | 5,585 |
| 10 Jun 21 | Leebron David W | common shares | Option exercise | Aquire M | No | No | 0 | 5,585 | 0 | 101,153 |
| 10 Jun 21 | Leebron David W | restricted share units common shares | Option exercise | Dispose M | No | No | 0 | 5,585 | 0 | 0 |
| 10 Jun 21 | Leebron David W | restricted share units common shares | Grant | Aquire A | No | No | 0 | 5,585 | 0 | 5,585 |
| 10 Jun 21 | Settle Dana R | common shares | Option exercise | Aquire M | No | No | 0 | 5,585 | 0 | 39,160 |
| 10 Jun 21 | Settle Dana R | restricted share units common shares | Option exercise | Dispose M | No | No | 0 | 5,585 | 0 | 0 |
Institutional ownership Q1 2021
Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.
73.2% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 148 |
| Opened positions | 32 |
| Closed positions | 16 |
| Increased positions | 44 |
| Reduced positions | 45 |
13F shares |
Current |
|---|---|
| Total value | 1.67B |
| Total shares | 43.43M |
| Total puts | 209.3K |
| Total calls | 327.6K |
| Total put/call ratio | 0.6 |
Largest owners |
Shares | Value |
|---|---|---|
| Douglas Kevin | 3.83M | $69.02M |
| BLK Blackrock | 3.11M | $62.51M |
| IVZ Invesco | 2.63M | $52.8M |
| FMR | 2.37M | $47.71M |
| Alliancebernstein | 2.31M | $46.39M |
| Renaissance Technologies | 2.03M | $40.76M |
| Dimensional Fund Advisors | 1.63M | $32.75M |
| Primecap Management | 1.63M | $32.67M |
| BEN Franklin Resources | 1.55M | $31.13M |
| Nantahala Capital Management | 1.45M | $29.2M |
Financial report summary
?Risks
- The Company has experienced a significant decrease in its revenues, earnings, and cash flows due to the COVID-19 global pandemic and its business, financial condition and results of operations may continue to be significantly harmed in future reporting periods.
Management Discussion
- The Company’s business and future prospects are evaluated by Richard L. Gelfond, its Chief Executive Officer (“CEO”), using a variety of factors and financial and operational metrics including: (i) the signing, installation and financial performance of theater system arrangements, particularly joint revenue sharing arrangements and those involving laser-based projection systems; (ii) film performance and the securing of new film projects, particularly IMAX DMR films; (iii) the continuing ability to invest in and improve the Company’s technology to enhance the differentiation of The IMAX Experience versus other cinematic experiences; (iv) revenues and gross margins earned by the Company’s segments, as discussed below; (v) consolidated earnings from operations, as adjusted for unusual items; (vi) the overall execution, reliability and consumer acceptance of The IMAX Experience; (vii) the success of new business initiatives; and (viii) short- and long-term cash flow projections.
Content analysis
?
| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. senior Avg
|
|
New words:
Alibaba, August, began, Belle, Black, Carnage, Century, Cruise, delisting, Die, Disney, dissolution, Doctor, Dune, Enlight, entry, Escape, Green, Gun, Guy, intended, Jungle, Legend, lessor, Lotte, MATRIX, Maverick, merger, MGM, Mogadishu, profit, Reminiscence, resurgence, RMB, Snake, Squad, subside, Suicide, surpassing, territory, Toho, unbilled, Untitled, Venom, Walt, Widow
Removed:
administered, awarded, bankruptcy, breakdown, characterized, decline, deferring, directed, disease, distancing, evolution, hypothetical, instituted, introduced, mainland, materialize, measurement, operated, Organization, permanent, physical, preliminary, relate, represent, safety, significance, taxable, treasury, unobservable, worsening
Financial reports
10-Q
2021 Q2
Quarterly report
27 Jul 21
10-Q
2021 Q1
Quarterly report
29 Apr 21
10-K
2020 FY
Annual report
4 Mar 21
10-Q
2020 Q3
Quarterly report
29 Oct 20
10-Q
2020 Q2
Quarterly report
28 Jul 20
10-Q
2020 Q1
Quarterly report
30 Apr 20
10-K
2019 FY
Annual report
19 Feb 20
10-Q
2019 Q3
Quarterly report
31 Oct 19
10-Q
2019 Q2
Quarterly report
30 Jul 19
10-Q
2019 Q1
Quarterly report
26 Apr 19
Current reports
8-K
Imax Corporation Reports Second Quarter 2021 Results
27 Jul 21
8-K
IMAX Announces Extension of Current Share-Repurchase Program
25 Jun 21
8-K
Amendments to Articles of Incorporation or Bylaws
9 Jun 21
8-K
Departure of Directors or Certain Officers
18 May 21
8-K
Imax Corporation Reports First Quarter 2021 Results
29 Apr 21
8-K
Departure of Directors or Certain Officers
15 Apr 21
8-K
Departure of Directors or Certain Officers
30 Mar 21
8-K
IMAX Corporation Announces Proposed Convertible Senior Notes Offering
19 Mar 21
8-K
Imax Corporation Reports Fourth Quarter and Full Year 2020 Results
4 Mar 21
8-K
Departure of Directors or Certain Officers
6 Jan 21
Registration and prospectus
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
S-8 POS
Registration of securities for employees (post-effective amendment)
11 Jun 13
25
Voluntary exchange delisting
9 Feb 11
8-A12B
Registration of securities on exchange
30 Jan 11
RW
Registration withdrawal request
23 Jan 11
S-3ASR
Automatic shelf registration
23 Jan 11
S-3
Shelf registration
20 Jan 11
Proxies
DEF 14A
Definitive proxy
27 Apr 21
PRE 14A
Preliminary proxy
16 Apr 21
DEF 14A
Definitive proxy
29 Apr 20
DEF 14A
Definitive proxy
29 Apr 19
DEF 14A
Definitive proxy
30 Apr 18
DEF 14A
Definitive proxy
19 Apr 17
DEF 14A
Definitive proxy
20 Apr 16
DEF 14A
Definitive proxy
20 Apr 15
DEF 14A
Definitive proxy
21 Apr 14
PRE 14A
Preliminary proxy
9 Apr 14
Other
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
SD
Conflict minerals disclosure
31 May 18
Ownership
4
IMAX / Michael MacMillan ownership change
14 Jun 21
4
IMAX / Darren D Throop ownership change
14 Jun 21
4
IMAX / Eric A Demirian ownership change
14 Jun 21
4
IMAX / Steve Pamon ownership change
14 Jun 21
4
IMAX / DAVID W LEEBRON ownership change
14 Jun 21
4
IMAX / DANA R SETTLE ownership change
14 Jun 21
3
IMAX / Steve Pamon ownership change
14 Jun 21
4
IMAX / KEVIN DOUGLAS ownership change
14 Jun 21
4
IMAX / Megan Colligan ownership change
10 Jun 21
4
IMAX / Kenneth Ian Weissman ownership change
10 Jun 21
Patents
APP
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.
APP
Utility
Stereo Image Projection with High Intra-frame Contrast
3 Jun 21
A projection system can direct stereo image content to a display surface using an internally located stereo polarization modulator while avoiding intra-frame contrast degradation from using a stereo polarization modulator.
APP
Utility
Methods and Systems of Vibrating a Screen
25 Mar 21
Screen vibration systems are provided that can vibrate theatre screens using acoustical, electromagnetic, or another type of energy while reducing the presence of image artifacts that may otherwise be visible as result of vibrating the screen.
APP
Utility
Enhancing Image Data with Appearance Controls
4 Mar 21
A digital image sequence with multiple image frames can be enhanced.
GRANT
Utility
Despeckling system for projected light
16 Feb 21
Speckle artifacts as viewed in images projected on a display surface by a projector can be reduced.
Transcripts
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
2019 Q4
Earnings call transcript
19 Feb 20
2019 Q3
Earnings call transcript
31 Oct 19
2019 Q2
Earnings call transcript
31 Jul 19
2019 Q1
Earnings call transcript
26 Apr 19
Reddit threads
Daily Discussion Thread - July 27th, 2021
27 Jul 21
Daily Discussion Thread - July 26th, 2021
26 Jul 21
Investing at 17
25 Jul 21
Observations of an AMC theater.
19 Jul 21
Here is a Market Recap for today Tuesday, July 13, 2021
13 Jul 21
Which stocks have NOT fully recovered from COVID yet?
12 Jul 21
Cineplex CGX discussion. Bullish LFG
9 Jul 21
Cqnadian Small Cap Picks
7 Jul 21
AMC CEO states cancellation of voting on share increases in 2021
6 Jul 21
Announcements x Daily Discussion for Jul-02-2021
2 Jul 21