IMAX Corporation (NASDAQ: IMAX) is a recent featured stock from Jim Oberweis, Jr. Here, the money manager and editor of The Oberweis Report explains why his clients own 600,000 shares.
"IMAX specializes in motion picture technologies and large-format film presentations. IMAX designs and manufactures large-format digital and film-based theater systems.
"The company sells or leases such systems to its customers, and converts two-dimensional '2D' and three-dimensional '3D' Hollywood feature films for exhibition on such systems around the world.
"Its theater systems are based on proprietary and patented technology. There were 351 theaters in the IMAX network at the end of 2008, and the company estimates there will be approximately 440 at the end of this year.
"IMAX theater systems combine advanced, high-resolution projectors with film handling equipment and automated theater control systems, sound system components.
"The systems also utilizes screen components as large as eight stories high (approximately 80 feet) that extend to the edge of a viewer's peripheral vision to create immersive audio-visual experiences.
"As a result, audiences feel as if they are a part of the on-screen action. In the company's latest reported second quarter, sales increased approximately 94% to $41.0 million from $21.2 million in the second quarter of last year.
"IMAX Corporation reported earnings per share of $.05 in the latest reported second quarter versus a loss in the same quarter of last year."
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