IMAX Corporation reports second quarter 2008 financial results; announces first digital systems...

TORONTO, Aug. 7 /CNW/ - IMAX Corporation (NASDAQ: IMAX; TSX: IMX) today reported that it recorded a net loss per diluted share of $0.29 for the second quarter of fiscal 2008, compared to a net loss of $0.11 per diluted share for the second quarter of fiscal 2007. At the same time, the Company announced that the roll out of its IMAX(R) Digital system technology launched as scheduled, with the successful delivery and installation of its first three digital projection systems at three AMC Entertainment, Inc. ("AMC") theatres located in the Baltimore/Washington D.C. area, during the second quarter. IMAX Co-Chairmen and Co-CEOs Richard L. Gelfond and Bradley J. Wechsler commented, "We are very pleased with the significant strategic progress made thus far in 2008, despite the fact that, as we have previously discussed, our... [read full story]