- Imax’s second-quarter revenue reached $91.7 million, marking a 3.1% increase year-over-year, surpassing estimates of $90.8 million.
- Content solutions revenue declined 3.2% year-over-year to $34.0 million, slightly missing the $34.9 million estimate.
- Technology products and services revenue grew by 9.3% year-over-year to $55.6 million, exceeding expectations of $51.5 million.
- The gross margin improved to 58.5% from 49.4% year-over-year, nearly meeting the estimated 58.6%.
- Adjusted net income soared 51% year-over-year to $14.6 million, outperforming the estimated $9.81 million.
- Adjusted EBITDA per credit facility rose 37% year-over-year to $36.7 million, above the $31.9 million forecast.
- The adjusted EBITDA margin increased to 42.6% from 34.8% year-over-year, higher than the anticipated 37.8%.
- Income from operations surged to $14.3 million compared to $2.87 million year-over-year, surpassing the $13.4 million estimate.
- Imax’s total number of commercial multiplex theaters rose 2.6% year-over-year to 1,750, falling short of the 1,776 projections.
- The company’s cash and cash equivalents increased by 19% year-over-year to $109.3 million, below the expectation of $124.7 million.
- Analyst recommendations include 10 buys, 1 hold, and 1 sell.
A look at IMAX Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| 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, a company known for its end-to-end cinematic solutions, has a mixed outlook based on the Smartkarma Smart Scores. While it excels in Growth with a score of 5, indicating strong potential for expansion, it falls short in Dividend with a score of 1, suggesting a lower focus on dividend payouts. The company also scores moderately in Value with a score of 2, Resilience with a score of 3, and Momentum with a score of 4. These scores paint a picture of a company with high growth prospects but limited focus on dividends.
IMAX Corporation’s emphasis on innovation and growth in the cinematic industry positions it well for long-term success, as reflected in its strong Growth score. However, investors may need to carefully consider their dividend expectations when investing in IMAX, given its low Dividend score. With moderate scores in Value, Resilience, and Momentum, IMAX Corp shows potential for sustained growth but may face challenges in some areas. Overall, the company’s unique cinematic solutions and technology-driven approach offer a promising outlook for the future.
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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