Imax Corp (NYSE:IMAX)
$ 16.96 0.03 (0.18%) Market Cap: 892.52 Mil Enterprise Value: 1.11 Bil PE Ratio: 35.33 PB Ratio: 3.45 GF Score: 77/100

Imax Corp at Bank of America Media, Communications and Entertainment Conference Transcript

Sep 13, 2023 / 06:50PM GMT
Release Date Price: $18.15 (-2.47%)
Jessica Jean Reif Ehrlich Cohen
BofA Securities, Research Division - MD in Equity Research

All right. We'll get started with Rich Gelfond, the CEO of IMAX Corporation. And it's really great to have you back with us.

Questions & Answers

Jessica Jean Reif Ehrlich Cohen
BofA Securities, Research Division - MD in Equity Research

So Rich, you've managed your business extremely well throughout all the turbulence since 2020, and it's been a hells ride. What does the market not understand about IMAX?

Richard Lewis Gelfond
IMAX Corporation - CEO & Director

A lot, but I'll make it brief. Because we show movies around the world in theaters, the market somehow thinks we're an exhibitor, but we have less in common with exhibition than almost any industry. I know IMAX has a very strong balance sheet, no net debt. IMAX licenses technology to theaters. We also license movies from studios, and our model is based on license revenue almost completely.

We're almost like a technology software company because

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