IMAX Corporation (IMAX) has released an update.
IMAX Corporation showcased a remarkable financial performance in 2023, achieving over 25% year-over-year growth in revenue, net income, and adjusted earnings metrics, with net income rising to $25 million from a previous loss. The company also reported a surge in system sales and installations, contributing to a near record global box office of $1.1 billion. Cash from operations saw a significant increase, more than tripling from the previous year, reflecting the company’s robust demand and strategic content diversification.
For further insights into IMAX stock, check out TipRanks’ Stock Analysis page.
