IMAX Q1 revenue $60M (+55% YoY); net loss $13.6M includes $6.9M Russia provision

IMAX CORP

2023-Q1 EPS reported -$0.23 revenue$60,036,000

Global box office $173.2M (+57% YoY); domestic market share record 4.7%.
Revenue $60.0M (55% YoY); gross margin $31.8M (53% margin); Adjusted EBITDA $14.8M (up 429% YoY).
Net loss attributable to common $13.6M ($0.23/share); adjusted net loss $8.2M ($0.14/share).
Non-cash provision of $6.9M for Russia receivables due to Ukraine conflict; Russia ~3% of annual box office.
IMAX China network ~65% open (up from 52%); new deals signed in Japan and Thailand.

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