Giant screen exhibitor Imax has unveiled its second-quarter financials, the first fully impacted by the coronavirus pandemic.
On Tuesday, Imax reported a loss of $26 million attributable to shareholders, compared to a year-earlier $11.4 million profit.
The adjusted loss per share for the second quarter was 44 cents, compared to per-share earnings of 32 cents in 2019, and the quarterly revenue was $8.9 million, down 92 percent from $104.8 million in 2019.
During the latest financial quarter, virtually all the theaters in Imax's global network were closed down by the COVID-19 pandemic.