NYSE$IMAX
IMAX Corp · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
IMAX reported Q4 2020 results driven by strong recovery of Asian box office.
IMAX's Q4 2020 results were driven by a strong recovery in the Asian box office, particularly in China and Japan. The company reported revenues of $56.0 million, a gross margin of $20.3 million, and a net loss attributable to common shareholders of ($21.2) million, or ($0.36) per diluted share. IMAX ended the quarter with $317 million in cash and cash equivalents.
- Strong box office across Asia drove IMAX results, offering encouraging signs of pent-up demand among global audiences with a robust Hollywood slate scheduled ahead
- IMAX posted another quarter of sequential improvement in key financial metrics, validating the Company’s superior asset-light business model and strategic market position in the entertainment industry
- IMAX ended the quarter with $317 million of cash and cash equivalents
- IMAX installed 71 systems and signed agreements for 65 systems for the full year, demonstrating continued partner demand for IMAX® theater systems, contributing to a strong 527 system backlog despite the COVID-19 pandemic
Headline financials
Revenue & EPS history
IMAX · Revenue · Quarterly
$56M
Revenue by segment
IMAX · $100M total across 2 segments · Q3 2023
- Technology Products$56.2M—56.0%
- Content Solutions$44.2M—44.0%
Forward guidance
IMAX is optimistic about a strong and sustainable recovery in the global film industry in the second half of 2021, driven by strong demand in Asia, a promising Hollywood blockbuster pipeline, and accelerating vaccinations in North America and Europe.
Tailwinds
- Strong demand for The IMAX Experience in Asia
- Extremely promising pipeline of Hollywood blockbusters
- Accelerating pace of vaccinations in North America and Europe
- Global footprint offers access to open markets and thriving local language film industries
- Premium experience and strong brand help ensure that passionate, engaged fans will be among the first to return to theaters
Headwinds
- COVID-19 related partial closure of the Company’s network
- Continued delays in the Hollywood film slate
- Heightened collection risk associated with certain movie studios in foreign markets
- Risk associated with investments and operations in foreign jurisdictions
- Potential impact of increased competition in the markets within which the Company operates
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 Q4 2020
+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
| Quarter | Report date | Reaction (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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