Imax saw sales dip in the fourth quarter to $86 million from $98 million, in line with Wall Street forecasts, as the company focused on the full year and its accelerated global expansion. The stock has popped more than 8% in after-market trading on the numbers and outlook. Adjusted ebitda (earnings before interest, taxes, depreciation
IMAX Earnings
Imax blew past Wall Street forecasts with sales up 32% at $98 million for the second quarter ended in June. Adjusted EPS was 26 cents a share – up 271%. The company swung to a net profit of $8.35 million (15 cents a share) from a loss of $2.85 million (negative 5 cents) the year
Imax said today it expects to return to its pre-pandemic gross box office level of $1.1 billion in 2023, even as it reported revenue of $98 million for last year’s fourth quarter, down 10% from the year before. Earnings per share fell to 19 cents from 31 cents. CEO Rich Gelfond attributed the dip to the Chinese