IMAX Reports 4Q Results, Net Loss Slowing
IMAX Corporation has reported a net loss per share of $0.21 for the quarter ended December 31, 2008, compared to a net loss per share of $0.25 for the fourth quarter of fiscal 2007.
During the fourth quarter of 2008, the company incurred certain charges related to the introduction of its digital projection system and the launch of new joint revenue sharing arrangement theatres. Excluding these items from the fourth quarters of 2008 and 2007, the company's loss per share was $0.11 and a loss per share of $0.21, respectively.