IMAX Corporation, together with its subsidiaries, operates as an entertainment technology company worldwide. It offers cinematic solution comprising proprietary software, theater architecture, intellectual property, and specialized equipment. The company offers IMAX Digital Re-Mastering (DMR), a proprietary technology that digitally enhances the image resolution, visual clarity, and sound quality of motion picture films for projection on IMAX screens; IMAX theater systems to exhibitor customers through sales, leases, and joint revenue sharing arrangements; digital projection systems; a digital theater control systems; and a digital audio systems. It also provides proactive and emergency maintenance services to the IMAX network; licenses film content and distributes large-format documentary films; film post-production and quality control services for large-format films, and digital post-production services; owns and operates IMAX theaters; and rents 2D and 3D large-format film and digital cameras, as well as offers production advice and technical assistance services to documentary and Hollywood filmmakers. The company markets its theater systems through a direct sales force and marketing staff to science and natural history museums, zoos, aquaria, and other educational and cultural centers, as well as theme parks, private home theaters, tourist destination sites, fairs, and expositions. It owns or otherwise has rights to trademarks and trade names, which include IMAX, IMAX Dome, IMAX 3D, IMAX 3D Dome, Experience It in IMAX, The IMAX Experience, An IMAX Experience, An IMAX 3D Experience, IMAX DMR, DMR, IMAX nXos, and Films To The Fullest. As of December 31, 2020, the company had a network of 1,650 IMAX theater systems comprising 1,562 commercial multiplexes, 12 commercial destinations, and 76 institutional facilities operating in 81 countries and territories. IMAX Corporation was founded in 1967 and is headquartered in Mississauga, Canada.
IPO Year:
Exchange: NYSE
Website: imax.com
Date | Price Target | Rating | Analyst |
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5/16/2025 | $36.00 | Buy | B. Riley Securities |
7/24/2024 | $23.00 | Buy | Seaport Research Partners |
4/21/2023 | $22.00 → $24.00 | Outperform | Barrington Research |
12/5/2022 | $20.00 → $23.00 | Buy | B. Riley Securities |
10/12/2022 | $25.00 → $20.00 | Buy | B. Riley Securities |
5/24/2022 | $25.00 | Buy | Rosenblatt |
10/22/2021 | $27.00 | Overweight | Wells Fargo |
7/28/2021 | $24.00 → $20.00 | Neutral | JP Morgan |
B. Riley Securities resumed coverage of IMAX with a rating of Buy and set a new price target of $36.00
Seaport Research Partners initiated coverage of IMAX with a rating of Buy and set a new price target of $23.00
Barrington Research reiterated coverage of IMAX with a rating of Outperform and set a new price target of $24.00 from $22.00 previously
B. Riley Securities reiterated coverage of IMAX with a rating of Buy and set a new price target of $23.00 from $20.00 previously
B. Riley Securities reiterated coverage of IMAX with a rating of Buy and set a new price target of $20.00 from $25.00 previously
Rosenblatt initiated coverage of IMAX with a rating of Buy and set a new price target of $25.00
Wells Fargo initiated coverage of Imax with a rating of Overweight and set a new price target of $27.00
JP Morgan reiterated coverage of IMAX with a rating of Neutral and set a new price target of $20.00 from $24.00 previously
Goldman Sachs downgraded Imax from Neutral to Sell and set a new price target of $18.60 from $19.60 previously
The Benchmark Company reiterated coverage of IMAX with a rating of Buy and set a new price target of $25.00 from $24.00 previously
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Global entertainment platform delivers strong start to 2025 including Q1 Revenues of $87 million (+10% YoY), Net Income of $8 million (+52% YoY) at a 9% margin and Total Adjusted EBITDA(1) of $37 million (+15% YoY) at a 43% margin. Demand for The IMAX Experience® is accelerating with significant systems growth in Q1 driven by system signings of 95 (+87 systems YoY) and system installations of 21 (+40% YoY). IMAX sets Q1 box office record of $298 million(2) (+12% YoY) propelled by the diversity of its global content slate highlighted by "Ne Zha 2," the highest grossing IMAX release of all time in China. IMAX captures 20% of strong Domestic opening for "Sinners" to kick-off eight co
IMAX Corporation (NYSE:IMAX) today announced it will hold a conference call to discuss its first quarter 2025 financial results on Wednesday, April 23rd at 4:30 p.m. Eastern Time. This call is being webcast and can be accessed at https://www.imax.com/content/investor-relations. To access the call via telephone, interested parties will need to pre-register by going to the following link: https://edge.media-server.com/mmc/p/v2tq6sxa where you will be provided with a dial-in number and unique pin. To avoid delays, we encourage participants to dial into the conference call ten minutes ahead of the scheduled start time. A replay of the call will be available via webcast on IMAX's investor rela
Global entertainment platform delivers Q4 Net Income of $5 million (+112% YoY), at a 5.7% margin, EPS(1) of 10 cents (+100% YoY), Adjusted EPS of 27 cents (+59% YoY) and Total Adjusted EBITDA(2) of $37 million (+48% YoY) at a 40% margin. Full-Year Net Income of $26 million (+3% YoY) at a 7.4% margin, Total Adjusted EBITDA of $139 million (-4% YoY) at a 39.4% margin (in line with guidance of high 30's) and Cash from Operations of $71 million (+21% YoY). IMAX delivers 146 system installations for the full year, at the high-end of initial installation guidance of 120 to 150. To start 2025, IMAX smashes box office record for Chinese New Year slate with $130 million and counting — already
IMAX Corporation (NYSE:IMAX) today announced it will hold a conference call to discuss its fourth quarter and full-year 2024 financial results on Wednesday, February 19th at 4:30 p.m. Eastern Time. This call is being webcast and can be accessed at https://www.imax.com/content/investor-relations. To access the call via telephone, interested parties will need to pre-register by going to the following link: https://register.vevent.com/register/BI5416215ae6134b378b06870a2fb47726 where you will be provided with a dial-in number and unique pin. To avoid delays, we encourage participants to dial into the conference call ten minutes ahead of the scheduled start time. A replay of the call will b
Global entertainment platform delivers Net Income of $14 million (+16% YoY), EPS(1) of 26 cents (+18% YoY), and Cash from Operations of $35 million (+23% YoY) Strong profitability highlighted by Total Adjusted EBITDA(2) of $39 million at a 42% margin; and Adjusted EPS(1)(2) of 35 cents, matching a third quarter record Network growth accelerates as IMAX expects to deliver on high-end of full-year installation guidance, with 49 system installs (+63% YoY) worldwide in Q3 Sales activity robust as system signings climb to 119 to-date — outpacing 129 signings for full-year 2023 Strong, diverse year-end slate including "Gladiator II," "Wicked," "Moana 2," and "Mufasa: The Lion King" p
IMAX Corporation (NYSE:IMAX) today announced it will hold a conference call to discuss its third quarter 2024 financial results on Wednesday, October 30th at 4:30 p.m. Eastern Time. This call is being webcast and can be accessed at https://www.imax.com/content/investor-relations. To access the call via telephone, interested parties will need to pre-register by going to the following link: https://register.vevent.com/register/BId903a31ed4674fefba1f8b3fdf34072c where you will be provided with a dial-in number and unique pin. To avoid delays, we encourage participants to dial into the conference call ten minutes ahead of the scheduled start time. A replay of the call will be available via we
Global entertainment platform delivers solid results, including Revenue of $89 million, Net Income of $3.6 million, EPS(1) of 7 cents, Total Adjusted EBITDA(2) of $31 million and Adjusted EPS(1) of 18 cents.Signings for new and upgraded IMAX systems grow to 87 (+89%) in the quarter; system installations climb to 24 (+20%) as Company raises installation guidance to 130 to 150 systems for full-year 2024 vs. 128 in full-year 2023.June surge of film hits pushes quarterly Global Box Office to $196 million; third quarter off to strong start with "Twisters" and this weekend's "Deadpool & Wolverine."Quarterly revenue bolstered by sale of IMAX original documentary "The Blue Angels" as Company further
NEW YORK, July 11, 2024 /PRNewswire/ -- IMAX Corporation (NYSE:IMAX) today announced it will hold a conference call to discuss its second quarter 2024 financial results on Thursday, July 25th at 8:30 a.m. Eastern Time. This call is being webcast and can be accessed at https://www.imax.com/content/investor-relations. To access the call via telephone, interested parties will need to pre-register by going to the following link: https://register.vevent.com/register/BIaceefcc683494a839687115352a98934 where you will be provided with a dial-in number and unique pin. To avoid delays,
Global entertainment platform delivers Revenue of $79 million and strong profitability, including Net Income of $3.3 million up 33% YoY and Total Adjusted EBITDA Margin(1) of 40.5% up more than 300 basis points YoY.IMAX system installations climb +67% YoY to 15 in Q1; sales activity gaining momentum with 17 signings for new and upgraded IMAX systems worldwide year-to-date.IMAX Global Box Office (GBO) of $261 million marks Company's third highest grossing Q1 ever, driven by "Dune: Part Two", "Godzilla x Kong: New Empire"; IMAX-exclusive "Queen Rock Montreal"; and local language releases, which contributed 21% of quarterly GBO.IMAX delivers 5.9% of Domestic Box Office in Q1 — Company's highest
NEW YORK, April 11, 2024 /PRNewswire/ -- IMAX Corporation (NYSE:IMAX) today announced it will hold a conference call to discuss its first quarter 2024 financial results on Thursday, April 25th at 8:30 a.m. Eastern Time. This call is being webcast and can be accessed at https://www.imax.com/content/investor-relations. To access the call via telephone, interested parties will need to pre-register by going to the following link: https://register.vevent.com/register/BI46ca10609420421dbc164d6f147fe1ff where you will be provided with a dial-in number and unique pin. To avoid delays,
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IMAX Sets the Pace for Formula One Epic's Strong Debut with Massive 23% of Domestic Box Office IMAX Corporation (NYSE:IMAX) today announced an outsized opening weekend for Apple Original Films and Warner Bros. Pictures' "F1®: The Movie" — delivering a $28 million global debut. Filmed for IMAX and presented entirely in IMAX-exclusive expanded aspect ratio, "F1®: The Movie" vastly outperformed in IMAX, with the IMAX network accounting for 23% of the film's North American bow and over 19% of its global debut, the fourth-best global result ever. "With the most realistic racing sequences ever committed to film, ‘F1®: The Movie' quite simply demands to be experienced in IMAX and audiences aro
Helios, the largest cinema chain in Poland, and IMAX are launching a new partnership with two new IMAX with Laser locations across Poland. The two locations will open in Gdynia and Szczecin, opening in time for the premiere of "Avatar: Fire and Ash", the third part of the acclaimed saga. The announcement was made today at the annual CineEurope 2025 exhibitor conference in Barcelona, Spain. "We are truly excited to begin this cooperation with IMAX – a global leader in cinematic innovation. This is an important step in the development of our premium offering, and a direct response to the growing expectations of audiences seeking spectacular, high-end cinema experiences," said Tomasz Jagie
IMAX Corporation (NYSE:IMAX) today announced an increase of $100 million in the Company's share repurchase program along with a one-year extension through June 30, 2027. This expansion brings the Company's total share repurchase authorization to $500 million, of which approximately $250 million remains available. The Company has repurchased a total of 15.1 million of its common shares (or approximately a 23% net reduction in shares outstanding) for an aggregate purchase price of $249.3 million pursuant to the current share-repurchase program since it commenced on July 1, 2017. Repurchases under the Company's share-repurchase program may be made either in the open market or through priva
IMAX Leads Strong Global Bow with a Stunning 20% of the Domestic Opening For the Filmed for IMAX Epic IMAX Corporation (NYSE:IMAX) today announced that the highly anticipated "Mission: Impossible — The Final Reckoning" delivered a $31 million debut in the IMAX global network through Monday — the biggest IMAX global opening in the nearly thirty-year history of Tom Cruise's iconic action franchise. The Filmed for IMAX release — featuring more IMAX-exclusive expanded aspect ratio footage than any "Mission: Impossible" film — saw a stunning 14.2% of its global box office from less than 900 IMAX screens. The historic performance comes even with "Mission: Impossible — The Final Reckoning" yet
Largest Deal For New IMAX Locations Ever Signed In Australia EVT (ASX: EVT) and IMAX Corporation (NYSE:IMAX) today announced a significant expansion of their fast-growing partnership, with an agreement for four new state-of-the-art IMAX® with Laser systems across Australia. The agreement represents the largest deal ever for new IMAX locations in Australia and triples the IMAX network with EVT. Three locations are set to open before the end of 2026, with an additional location set to open in 2027. EVT has rapidly grown its offering, becoming the largest operator of IMAX locations in Australia. EVT's existing IMAX footprint includes the iconic IMAX Sydney in Darling Harbour - which has cons
New Agreement Includes Bringing IMAX 70mm Film to Iconic L.A. LIVE Entertainment Complex Regal Cinemas and IMAX (NYSE:IMAX) today announced an expansion of their longstanding partnership with an agreement for four new IMAX® with Laser locations in the United States' biggest metropolitan areas. Included in the agreement, Regal will open a new IMAX theatre at the iconic L.A. LIVE entertainment complex in Downtown Los Angeles, with an IMAX 70mm film projector and 80-foot screen that will be among the largest in the city. The agreement will also bring new IMAX locations to three of IMAX's highest grossing metropolitan areas in the country, including Regal Greenway Grand Palace in Downtown Hou
IMAX Corporation (NYSE:IMAX) today announced that the Company will participate in the 53rd Annual J.P. Morgan Global Technology, Media and Communications Conference. Event: 53rd Annual J.P. Morgan Global Technology, Media and Communications Conference Location: Boston, MA Fireside Date: Wednesday, May 14th Virtual Fireside Time: 1:40 p.m. ET IMAX Executive: Natasha Fernandes, CFO In addition, IMAX will participate in one-on-one investor meetings at the conference. A live webcast of the fireside chat will be made available on the IMAX investor relations website at investors.imax.com. About IMAX Corporation IMAX, an innovator in entertainment technology, combines proprietary software, ar
OTTAWA, Ontario, April 24, 2025 (GLOBE NEWSWIRE) -- Calian® Group Ltd. (TSX:CGY), a trusted provider of mission-critical solutions for defence, space and healthcare, today announced the appointment of Eric Demirian to its Board of Directors. Since 2003, Demirian has served as President of Parklea Capital Inc., a boutique financial and strategy advisory firm, and of Demicap Inc., a private investment firm. He was previously Executive Vice President at Group Telecom Inc. (2000–2003) and a partner at PricewaterhouseCoopers LLP (1983–2000), where he led the Information and Communications Practice. Demirian holds a Bachelor of Business Management from Toronto Metropolitan University and is a C
Global entertainment platform delivers strong start to 2025 including Q1 Revenues of $87 million (+10% YoY), Net Income of $8 million (+52% YoY) at a 9% margin and Total Adjusted EBITDA(1) of $37 million (+15% YoY) at a 43% margin. Demand for The IMAX Experience® is accelerating with significant systems growth in Q1 driven by system signings of 95 (+87 systems YoY) and system installations of 21 (+40% YoY). IMAX sets Q1 box office record of $298 million(2) (+12% YoY) propelled by the diversity of its global content slate highlighted by "Ne Zha 2," the highest grossing IMAX release of all time in China. IMAX captures 20% of strong Domestic opening for "Sinners" to kick-off eight co
IMAX Corporation (NYSE:IMAX) today announced it will hold a conference call to discuss its first quarter 2025 financial results on Wednesday, April 23rd at 4:30 p.m. Eastern Time. This call is being webcast and can be accessed at https://www.imax.com/content/investor-relations. To access the call via telephone, interested parties will need to pre-register by going to the following link: https://edge.media-server.com/mmc/p/v2tq6sxa where you will be provided with a dial-in number and unique pin. To avoid delays, we encourage participants to dial into the conference call ten minutes ahead of the scheduled start time. A replay of the call will be available via webcast on IMAX's investor rela
New Agreement Includes Bringing IMAX 70mm Film to Iconic L.A. LIVE Entertainment Complex Regal Cinemas and IMAX (NYSE:IMAX) today announced an expansion of their longstanding partnership with an agreement for four new IMAX® with Laser locations in the United States' biggest metropolitan areas. Included in the agreement, Regal will open a new IMAX theatre at the iconic L.A. LIVE entertainment complex in Downtown Los Angeles, with an IMAX 70mm film projector and 80-foot screen that will be among the largest in the city. The agreement will also bring new IMAX locations to three of IMAX's highest grossing metropolitan areas in the country, including Regal Greenway Grand Palace in Downtown Hou
OTTAWA, Ontario, April 24, 2025 (GLOBE NEWSWIRE) -- Calian® Group Ltd. (TSX:CGY), a trusted provider of mission-critical solutions for defence, space and healthcare, today announced the appointment of Eric Demirian to its Board of Directors. Since 2003, Demirian has served as President of Parklea Capital Inc., a boutique financial and strategy advisory firm, and of Demicap Inc., a private investment firm. He was previously Executive Vice President at Group Telecom Inc. (2000–2003) and a partner at PricewaterhouseCoopers LLP (1983–2000), where he led the Information and Communications Practice. Demirian holds a Bachelor of Business Management from Toronto Metropolitan University and is a C
Veteran Executive of Netflix, Illumination Entertainment and New Regency Productions to Drive Content Strategy across Expanding Portfolio of Films, Experiences, and Events IMAX Corporation (NYSE:IMAX) today named Jonathan Fischer as Chief Content Officer — a role in which he will oversee the Company's content strategy across Hollywood and international films, IMAX Documentaries, IMAX Live, and originals and experiences across music, gaming, sports, and more. Most recently, Fischer served as Vice President of Content Strategy & Analysis, Global Films for Netflix. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241010094317/en/IMAX
Largest Exhibitor in Saudi Arabia to Open Four New IMAX® With Laser Locations, including Two in Riyadh and One in Jeddah's Mall of Arabia NEW YORK and RIYADH, Saudi Arabia, July 16, 2024 /PRNewswire/ -- IMAX Corporation (NYSE:IMAX) and muvi Cinemas, the largest exhibitor in Saudi Arabia, today announced their first-ever collaboration with an agreement for four new, state-of-the-art IMAX® with Laser systems across some of the biggest commercial centers in the country. Under the agreement, muvi Cinemas will bring two IMAX systems to Saudi Arabia's capital and most populous city,
New Collaboration Brings State-of-the Art IMAX with Laser to Thriving Turkish Cinema Market for First Time NEW YORK and ISTANBUL, April 24, 2024 /PRNewswire/ -- CineNOVA and IMAX Corporation (NYSE:IMAX) today announced a new partnership to install four new state-of-the-art IMAX® with Laser systems in Turkey. This agreement is the first collaboration between the two companies and will bring the first-ever premium IMAX with Laser systems to the country, marking a significant milestone for the market. The deal will bring the IMAX Experience to several key cities across Turkey, including Istanbul and Ankara, with installation for two of the locations scheduled to commence in 2024, and the remain
New Collaboration Marks IMAX's Largest Agreement for New Locations in India in Five Years LAS VEGAS, April 10, 2024 /PRNewswire/ -- IMAX Corporation (NYSE:IMAX) and Miraj Cinemas today announced an exciting new partnership, agreeing to install three new state-of-the-art IMAX® with Laser systems at key locations across India. This deal marks the first-ever collaboration between the two companies and IMAX's largest expansion in India in five years. Miraj Cinemas will add three new IMAX systems to key locations across India, including one in Mumbai – set to open in 2024 – one in Jaipur, and a third location to be determined at a later date.
New Agreement Furthers Rapid Expansion of IMAX across Southeast Asia LAS VEGAS, April 9, 2024 /PRNewswire/ -- IMAX Corporation (NYSE:IMAX) and Major Cineplex today announced plans to expand their partnership with an agreement for three new state-of-the-art IMAX® with Laser locations. The deal will add systems to key locations across Thailand, including one in the bustling area of Bang Kapi, Bangkok — set to open in 2024 — and two additional locations in Bangkok set to open in 2026 and 2027. The announcement was made today at the annual CinemaCon 2024 exhibition conference in L