NYSE$IMAX

IMAX Corp · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Reported strong financial results for the Second Quarter of 2022, demonstrating its leadership position in the global resurgence of moviegoing.

IMAX reported a strong second quarter with significant year-over-year growth in key metrics. Global box office reached $247.7 million, driven by popular films like "Top Gun: Maverick" and "Doctor Strange in the Multiverse of Madness". Revenue increased to $74.0 million, and the company repurchased 2.7 million shares during the quarter.

  • Global box office reached $247.7 million, a 128.1% increase year-over-year.
  • Revenue increased to $74.0 million from $51.0 million in the second quarter of 2021.
  • The company repurchased 2.7 million shares in the second quarter.
  • IMAX China Network 91% Operational, up from 65% on April 26.

Headline financials

Total Revenue

$74M

Previous: $51M+45.2%
EPS (adj)

$0.07

Previous: -$0.12+158.3%
Adjusted EBITDA Margin

35.9%

No prior period
Capital Expenditures

-$2.93M

Previous: -$1.37M-114.9%
Free Cash Flow

-$83K

Previous: -$10.6M+99.2%
Net Income

$2.85M

Previous: -$9.21M+131.0%
Operating Income

-$101K

Previous: -$2.95M+96.6%
Gross Profit

$44M

Previous: $25.6M+72.0%
Cash & Equivalents

$110M

Previous: $214M-48.6%
Total Assets

$802M

Previous: $882M-9.1%
Stock-Based Comp

$8.6M

Previous: $6.8M+26.5%

Revenue & EPS history

IMAX · Revenue · Quarterly

$74M

Q2 2022+45.2%vs Q2 2021
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 expects to release 15 Local Language Titles across 50 Global Markets in the Third Quarter

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 Q2 2022

Historical avgQ2 2022

+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%

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