- Imax reported a revenue of $92.7 million in Q4, showing a 7.7% increase year-over-year, but it fell short of the $101.4 million estimate.
- Content solutions revenue reached $25.5 million, marking a 34% increase from the previous year and just under the $25.8 million estimate.
- Technology products and services revenue was $64.0 million, up 2.5% year-over-year, but below the $73.6 million forecast.
- The company’s gross margin improved to 52.2%, compared to 51% last year, but did not meet the 56.4% estimate.
- Adjusted EPS was 27 cents, meeting the estimate and showing an increase from 17 cents in the previous year.
- Adjusted net income was $14.5 million, an impressive 56% increase year-over-year, but short of the $16.4 million estimate.
- Adjusted EBITDA per credit facility was $34.2 million, falling below the expected $36.9 million.
- The adjusted EBITDA margin improved significantly to 40.1%, from 29% last year, surpassing the 34.7% estimate.
- Income from operations rose to $9.51 million, compared to $2.74 million in the previous year, but was less than the $19.2 million estimate.
- The total number of commercial multiplex theaters increased by 2.5% year-over-year to 1,735, slightly under the estimated 1,767.
- Cash and cash equivalents rose by 32% from the previous year to $100.6 million, just shy of the $101.2 million estimate.
- Analyst ratings include 8 buys, 1 hold, and 1 sell recommendation for the company.
A look at IMAX Corp Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 1 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 2.8 |
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 cutting-edge cinematic solutions, has a promising long-term outlook based on its Smartkarma Smart Scores. With a strong Growth score of 4 and Momentum score of 5, IMAX is positioned well for future expansion and market performance. The company’s focus on technological advancement and innovative film formats sets a solid foundation for sustained growth in the entertainment industry.
Despite lower scores in Value and Dividend at 2 and 1 respectively, IMAX’s resilience score of 2 indicates its ability to weather challenges and adapt to changing market conditions. This, combined with its impressive Growth and Momentum scores, suggests that IMAX Corp has the potential to remain a key player in the cinematic industry over the long term, continuing to provide audiences with enhanced movie experiences.
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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