Shares of Imax IMAX fell 2% in after-market trading after the company reported Q2 results.
Quarterly Results
Earnings per share fell 237.50% over the past year to ($0.44), which beat the estimate of ($0.47).
Revenue of $8,855,000 decreased by 91.55% from the same period last year, which missed the estimate of $11,850,000.
Looking Ahead
Imax hasn't issued any earnings guidance for the time being.
Imax hasn't issued any revenue guidance for the time being.
Conference Call Details
Date: Jul 28, 2020
Time: 04:30 PM
ET Webcast URL: https://edge.media-server.com/mmc/p/dyixd93t
Recent Stock Performance
Company's 52-week high was at $22.88
Company's 52-week low was at $6.01
Price action over last quarter: Up 8.18%
Company Profile
Imax is now primarily a technology hardware and brand-licensing company that does not operate the vast majority of Imax theaters. Instead, the firm generates revenue via selling and leasing the required proprietary equipment and via fees for digitally remastering standard films into the proprietary Imax format. The firm has expanded from 210 commercial theaters in 2008 to over 950 today and increased the annual number of Imax releases from 13 in 2007 to 46 in 2015.
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