IMAX Corp. (NASDAQ: IMAX) reported Thursday that the company posted a second-quarter profit as its revenue nearly doubled.
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The company, which makes large-screen movie-theater technology, also boosted the size of its theater network.
IMAX earned $2.6 million, or 5 cents per share, compared with a loss of $12.2 million, or 29 cents per share, a year earlier. It said several items, including $1 million in fees associated with an early termination of a service contract, reduced earnings by 3 cents per share.
Revenue rose to $41 million from $21.2 million, driven by a sharp increase in revenue from digitally-remastered films and joint revenue sharing agreements.
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