NYSE$IMAX

IMAX Corp · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

IMAX reported Q1 2024 earnings with revenue of $79 million and strong profitability.

IMAX Corporation reported a decrease in revenue to $79 million, but a net income increase of 33% year-over-year to $3.3 million. The company's global box office reached $261 million, marking its third-highest grossing Q1 ever. IMAX's strategic expansion is fueled by its technology driving content creation as much as content delivery.

  • Revenue was $79 million with strong profitability.
  • Net Income was $3.3 million, up 33% year-over-year.
  • System installations climbed +67% year-over-year to 15 in Q1.
  • Global Box Office (GBO) was $261 million, the Company’s third highest grossing Q1 ever.

Headline financials

Total Revenue

$79.1M

Previous: $86.9M-9.0%
EPS

$0.06

Previous: $0.16-62.5%
Adjusted EBITDA Margin

40.5%

No prior period
Total Adjusted EBITDA

$32.1M

No prior period
Diluted Shares Outstanding

53.4M

No prior period
System Installations

15

No prior period
Total System Network

1.8K

No prior period
Total System Backlog

442

No prior period
Total System Signings

8

No prior period
Capital Expenditures

-$1.1M

Previous: -$364K-203.3%
Free Cash Flow

$2.17M

Previous: $2.09M+3.8%
Net Income

$3.27M

Previous: $2.45M+33.4%
Operating Income

$12.1M

Previous: $11.4M+5.8%
Gross Profit

$46.9M

Previous: $50.1M-6.3%
R&D Expense

$1.79M

No prior period
Stock-Based Comp

$4.7M

Previous: $5.1M-7.8%

Revenue & EPS history

IMAX · Revenue · Quarterly

$79.1M

Q1 2024-9%vs Q1 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

IMAX · $100M total across 2 segments · Q3 2023

  • Technology Products
    $56.2M
  • Content Solutions
    $44.2M

Forward guidance

IMAX is very well-positioned to accelerate growth and margin expansion with a promising slate for the duration of the year, 2025, and 2026, and strong sales activity across key global markets we’re targeting for expansion.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

+1.2%

Avg return

Earnings day

+1.3%

Avg return

5 days after

+1.6%

Avg return

30 days after

52%

34 / 65 earnings

Positive

+18.6%

Q3 2017

Best reaction

-22.4%

Q2 2010

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.1%-4.0%+6.1%
Q4 2025+14.7%+12.8%+0.1%
Q3 2025+1.0%+2.2%+12.4%
Q1 2025-3.3%+1.2%+11.9%
Q4 2024-1.1%-3.0%-1.7%
Q3 2024+15.7%+15.2%+25.3%
Q2 2024+12.7%+15.8%+19.9%
Q1 2024-2.9%-9.3%-4.3%
Q4 2023+12.0%+7.7%+3.3%
Q3 2023-0.3%-0.4%-9.1%
Q2 2023+11.5%+8.9%+10.4%
Q1 2023+8.0%+4.6%-11.3%
Q4 2022+9.1%+8.9%+7.6%
Q3 2022-5.9%-2.4%+24.8%
Q2 2022-2.3%-2.5%-8.9%
Q1 2022+4.9%+9.4%+15.3%
Q4 2021+7.0%+4.7%-1.5%
Q3 2021-8.9%-4.7%-17.0%
Q2 2021-5.6%-7.6%-11.6%
Q1 2021-7.0%-4.5%-2.6%
Q4 2020+13.5%+6.9%-3.2%
Q3 2020-2.2%-1.2%+31.3%
Q2 2020-11.2%-10.7%+22.3%
Q1 2020-7.8%-7.8%+0.2%
Q4 2019+0.6%-3.0%-38.1%
Q3 2019+3.1%+3.3%+2.5%
Q2 2019+2.1%+0.0%-2.0%
Q1 2019-3.4%-2.5%-11.7%
Q4 2018+9.0%+10.5%+9.1%
Q3 2018-4.9%-5.8%-10.1%
Q2 2018-1.6%-5.8%+8.6%
Q1 2018-2.6%-1.9%-9.9%
Q4 2017-10.8%-11.4%-18.8%
Q3 2017+18.6%+15.5%+17.9%
Q2 2017-2.8%-1.4%-13.4%
Q1 2017-0.9%-3.3%-15.8%
Q4 2016+6.5%+5.2%+10.4%
Q3 2016+2.6%+1.1%+13.3%
Q2 2016+14.3%+9.9%-0.4%
Q1 2016-1.3%
Q4 2015-9.2%
Q3 2015+0.8%
Q2 2015-3.9%
Q1 2015+0.8%
Q4 2014+6.9%
Q3 2014+3.2%
Q2 2014+7.2%
Q1 2014-8.0%
Q4 2013+2.3%
Q3 2013+4.5%
Q2 2013+2.7%
Q1 2013-5.3%
Q4 2012+3.3%
Q3 2012+3.1%
Q2 2012-3.3%
Q1 2012-2.8%
Q4 2011-1.4%
Q4 2009-1.4%
Q3 2011+16.9%
Q3 2010+16.9%
Q2 2011-22.4%
Q2 2010-22.4%
Q4 2010+8.6%
Q1 2011+8.6%
Q1 2010-6.5%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro