Imax said theater owners are taking the lead when it comes to re-opening cinemas. For more information about the Company’s results, please refer to the IMAX Investor Relations website located at investors.imax.com. IMAX China Holding, Inc. As a result, Options for IMAX could expire worthless. To access the call via telephone, interested parties in the US and Canada should dial (800) 458-4148 approximately 5 to 10 minutes before the call begins. post-market, generally capturing IV at or close to its peak. Imax (IMAX) reported a 2nd Quarter June 2020 loss of $0.54 per share on revenue of $8.9 million. At this time, I would like to … The information posted on the Company’s corporate and Investor Relations website may be deemed material to investors. over react to minor bad news and give up some gains if not all. Imax’s first quarter results fell short of Wall Street’s expectations. Nine of the top ten grossing multiplexes in China since the reopening include IMAX screens. This data point is very helpful for gap trading because you could have a company that swings 5% +- but their final percent move is only a fraction. weeks away from today. The Earnings Whisper Score gives the statistical odds for the stock ahead of earnings. More information about the Company can be found at www.imax.com. IMAX® and The IMAX Experience® are trademarks of IMAX Corporation. Occurs when a company's reported quarterly or annual profits are above or below Adjusted Net (Loss) Income Attributable to Common Shareholders and Adjusted Diluted Per Share Calculations, IMAX® Corporation Reports First Quarter 2020 Results. Earnings announcement* for IMAX: Oct 29, 2020 Imax Corporation is estimated to report earnings on 10/29/2020. So, it contains more upside volatility than downside. Below table tells us that how IMAX has been historically reacting after Earnings Announcement (EA). • Total gross margin for the IMAX Technology Network business was 17.0% in the most recent quarter, compared to 68.9% in the prior-year period. • During the first quarter of 2020, IMAX China repurchased a total of 480.6 thousand shares at an average price of $1.85 for a total value of approximately $890.8 thousand. Important factors that could affect these statements include, but are not limited to, references to future capital expenditures (including the amount and nature thereof), business and technology strategies and measures to implement strategies, competitive strengths, goals, expansion and growth of business, operations and technology, plans and references to the future success of IMAX Corporation together with its consolidated subsidiaries (the "Company") and expectations regarding the Company's future operating, financial and technological results. ", "The remarkable strength of the box office recovery in China continues to exceed our expectations, and the country has emerged as an engine of stability for IMAX as uncertainty persists around the Hollywood slate and theatres re-openings elsewhere in the world," said Rich Gelfond, CEO of IMAX. Many of those films are now slated to premiere at the end of 2020 and 2021. in the morning on Earnings Announcement Day and see your portfolio down by 10% or more. This data point is important Imax (IMAX) reports earnings on 10/27/2020. With our strong cash balance and continued cost discipline, we believe that we will be ready to program our network, accelerate our theater business, and once again bring audiences the world’s most immersive entertainment experience when ready,” said IMAX CEO Richard L. Gelfond. basic trade idea is to sell put or call options right before the EA, collecting Releases Profit Warning Announcement, Wanda and IMAX® Expand Longstanding Partnership with 20-Theatre Agreement, IMAX® China to Announce First-Half 2020 Financial Results and Host Conference Call, IMAX® Corporation to Announce Second-Quarter 2020 Financial Results and Host Conference Call, IMAX® And CGV Expand Longstanding Global Partnership With New 17-Theatre International Deal, IMAX® Announces Extension of Current Share-Repurchase Program, Experience IMAX® Documentary Films On Hulu This Summer. Additionally, the non-GAAP financial measures used by the Company should not be considered as a substitute for, or superior to, the comparable GAAP amounts. “IMAX is uniquely positioned to manage through a temporary shutdown of theaters as a result of strategic planning which led to our strong financial position, valuable brand, and vast global footprint. Want to download historical Volatility in Earnings (Last 25 Quarters) ? IMAX® Launches New "Filmed in IMAX" Program with World's Leading Digital Camera Brands, New Partnership with ARRI, Panavision, RED and Sony to Certify Best-In-Class Cameras, Meet Growing Filmmaker Demand for The IMAX Experience®, Warner Bros. Pictures' "Tenet" Off To Strong Start In IMAX® With $5 Million International Debut On Less Than 250 Screens, IMAX Begins Reopening in China With 369 Theatres Nationwide, Sold Out Showcase at Shanghai International Film Festival, IMAX China Holding, Inc. Apr 3, 2020. It is different from a average daily volume for IMAX. The films will continue to play in IMAX through the holiday for a total of three weeks. Earning Dates Reminder: Also contributing to the Company’s first quarter loss was a $10.2 million provision for credit losses on its theater receivables as a result of the current pandemic-related challenges facing the exhibition industry. The year-over-year decrease in total gross margin was primarily driven by lower revenue. The Volatility Crush strategy is used with stocks that typically experience relatively If historical price change on 7th day is less than price change on next day, stock for entering the trade. A negative Total cash and cash equivalents as of March 31, 2020 was $352.3 million. some drops if not all. The animated feature set several new records in IMAX, including biggest opening weekend ever for an animated film in China, best October opening weekend ever for a local language film, and biggest opening weekend for the National Holiday. As of March 31, 2020, there were 1,616 IMAX theatre systems (1,526 commercial multiplexes, 14 commercial destinations, 76 institutional) operating in 81 countries and territories. It is a very helpful indicator for gap trading because you could have a company You can use PMAEA for Volatility-Rush and Volatility-Crush trading strategies. Several studies NEW YORK – April 30, 2020 – IMAX Corporation (NYSE:IMAX) today reported first quarter 2020 revenues of $34.9 million, gross margin of $5.1 million, and a net (loss) attributable to common shareholders of ($49.4) million, or ($0.82) per diluted share. In assessing this trade, you need to do your homework to ensure you collect sufficient Stock quotes by finanzen.net. more downside volatility than upside. Join over 75,000 investors who get daily notable Earnings alerts with predicted move. Ride-the-Wave targets multi-day price momentum following a company’s earnings announcement Hence, it's not surprising IMAX® Launches New "Filmed in IMAX" Program with World's Leading Digital Camera Brands, New Partnership with ARRI, Panavision, RED and Sony to Certify Best-In-Class Cameras, Meet Growing Filmmaker Demand for The IMAX Experience®, Warner Bros. Pictures' "Tenet" Off To Strong Start In IMAX® With $5 Million International Debut On Less Than 250 Screens, IMAX Begins Reopening in China With 369 Theatres Nationwide, Sold Out Showcase at Shanghai International Film Festival, IMAX China Holding, Inc. Shares are down 12.4% since reporting last quarter. With In addition, the Company believes that Adjusted EBITDA per Credit Facility presents relevant and useful information widely used by analysts, investors and other interested parties in the Company’s industry to evaluate, assess and benchmark the Company’s results. Here is how you can do it: You can personalize the IMAX chart by modifying the default symbol, watch-list, adding tools for technical analysis and a lot more. The Imax chief said he hopes that “Tenet,” Christopher Nolan’s upcoming sci-fi thriller, will be the first major release to launch in re-opened theaters. The consensus estimate was a loss of $0.57 per share on revenue of $15.1 million. • A solid balance sheet and ample cash puts the Company in a strong position to operate through this historic period of COVID-19-driven theater closures, • In response to COVID-19, the Company has implemented cost reductions and drew on its revolver, ending the quarter with $352.3 million in consolidated cash and its $300 million revolver fully drawn, • The Company estimates a monthly cash burn rate of approximately $10 million and remains confident in its ability to operate through an extended business shut down and a zero revenue environment, • First quarter 2020 revenue decreased 56.5% versus 2019 to $34.9 million, • First quarter 2020 net (loss) attributable to common shareholders was ($49.4) million. Cash used in investing activities includes capital expenditures, acquisitions and other cash used in investing activities. The decline in revenue was driven by a 62.9% decrease in IMAX global box office connected to COVID-19-related theater closures. Click on Camera icon located on top right hand side corner. recover from next price drop. The Volatility Rush takes advantage of increasing options premiums into earnings This strategy for IMAX is independent from the Fast Money Trader (1-Day Hold) and Weekly Winners (7-Day Hold) strategies. It is on Thu 29 Oct (In 51 Days). Expiration date should generally be the closest expiry immediately after the EA. The closure of substantially all of the Company’s theater network due to the global outbreak of the COVID-19 pandemic drove results down in the first quarter. Usually, it is 5 to 6 times higher than average daily volume. So, it contains On a weekly basis, the Company posts quarter-to-date box office results on the IMAX Investor Relations website located at investors.imax.com. • Total gross margin for IMAX Technology Sales and Maintenance was 31.3% compared to 43.5% in the prior year period. Imax Corporation posted a loss of $49.4 million in the first quarter of 2020, as theater closures — due to the coronavirus pandemic — were a drag on earnings. You then close the position right after the EA by buying the option back much cheaper In the prior-year quarter,… due to the significant drop in IV that occurs after the mystery of the EA disappears. Sign Up Now for FREE Trial. Revenues for the company also sank to $34.9 million, a sharp drop from the $80.2 million the big-screen company had logged in the year-ago period. Sign Up Now for FREE Trial and personalize the IMAX chart by modifying the default symbol, watch-list, adding tools for technical analysis and a lot more. This compares to earnings of $0.26 per share a year ago. The figure marks IMAX's best-ever opening weekend for the National Holiday, up 25% over last year despite a 75% capacity limitation across the country. "With our strong balance sheet, IMAX continues to be well-positioned in these challenging times and we are and leaning into our unique global footprint — with no fewer than ten new local language releases across key markets like China and Japan through the end of the year.". suggest that positive earnings surprises not only lead to an immediate hike in a