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Stockhouse.com is owned by Stockhouse Publishing Ltd. © 2019 Stockhouse Publishing Ltd. All rights reserved. IMAX Technologies Incorporated is an advance information and communications technology company building solutions for the converging information and communications technology (ICT) industry in the Philippines. IMAX is partnering with Tribeca to bring the big screen to America’s backyard this summer, with the Tribeca Drive-In. The company reported an adjusted net loss of 44 cents a share in the period ending June 30, compared with earnings of 32 cents in the prior-year quarter. IMAX Corporation offers end-to-end cinematic solution combining proprietary software, theater architecture, and equipment. We also use them to share usage information with our We will not release or resell your information to third parties without your permission.By providing my email, I consent to receiving investment related electronic messages from Stockhouse. 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 … IMAX News Headlines. Services. Revenue was $8.9 million for the three months ending June 30, compared with $104.8 million a year ago Imax Corp. reported a net loss for the second quarter of 2020, as the ongoing novel coronavirus pandemic continues to impact the U.S. and many of the exhibitor’s theaters around the world.Imax reported a loss of $26 million, or a 44 cent loss per share for the second quarter. Sign-up for our insider's email. Company Profile. Get Started; Products. Imax Beats Wall Street Q2 Profit Forecast, But Revenue Slips Below $9M; Comeback Is Under Way, Company InsistsShow full articles without "Continue Reading" button for {0} hours. "Imax is now primarily a technology hardware and brand-licensing company that does not operate the vast majority of Imax theaters. Experience Weathering with You in Select IMAX® Theatres For One Week Only. Why IMAX Shares Crashed on Wednesday. Please enter your password to sign in. IMAX Corporation (NYSE:IMAX) today reported second quarter 2020 revenues of $8.9 million, gross margin (loss) of ($7.7) million, and a net (loss) … Stay in Touch! The Tribeca Drive-In is showcasing 30+ iconic movies in cities from coast to coast, Read More Mar 26, 2020 “Our model gives us the flexibility to reopen where safe, program locally relevant content to maximize revenues, and play a leadership role as the industry returns.”About 40% of the company’s global network is currently generating revenue, Gelfond estimated, including 409 theaters in China, where Hollywood films are due to debut alongside local-language fare over the coming weeks.Beirut blast halts American-Lebanese woman's final journey home6 national restaurant chains in deepest trouble amid COVID-19 include Outback Steakhouse, IHOP and Denny's Harley Quinn: Birds Of Prey | Director Cathy Yan. Scroll to top “We are seeing early signs of progress, with approximately 40% of our global network currently generating revenue.”In addition to China opening, the South Korea blockbuster “Peninsula” continues to perform well across Asia and Europe, drawing $26.5 million in global box office despite capacity limitations and highlighting solid demand among moviegoers in lower-risk markets worldwide, Gelfond continued.He said that at the end of the second quarter, Imax had $319 million in cash and recently amended its credit agreement for increased financial flexibility through September 2021. Clients. View the By providing my email, I consent to receiving messages from Stockhouse.You are already a member! Check out the IMAX® Exclusive Art for Disney & Pixar's Onward | Tickets on Sale Now. Jul 29, 2020. Imax Corp. reported a net loss for the second quarter of 2020, as the ongoing novel coronavirus pandemic continues to impact the U.S. and many of the exhibitor’s theaters around the world.

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