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Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

Segment Reporting Information by Reportable Segment

The following table presents the Company’s revenue and gross margin by reportable segment for the three months ended March 31, 2023 and 2022:

		Revenue(1)								Gross Margin
(In thousands of U.S. Dollars)		2023				2022				2023				2022
Content Solutions		$	32,101			$	20,988			$	17,995			$	12,625
Technology Products and Services			51,667				37,863				29,891				18,416
Sub-total for reportable segments			83,768				58,851				47,886				31,041
All Other(2)			3,178				1,185				2,165				730
Total		$	86,946			$	60,036			$	50,051			$	31,771

(1)The Company’s largest customer represents 9% of total Revenues for the three months ended March 31, 2023 (2022 — 11%). No single customer comprises more than 10% of the Company’s total Accounts Receivable as of March 31, 2023 and December 31, 2022.

(2)All Other includes the results from IMAX Enhanced, SSIMWAVE, and other ancillary activities.

Summary of Revenues By Geographic Area

The following table summarizes the Company’s revenues by geographic area for the three months ended March 31, 2023 and 2022:

		Three Months Ended March 31,
(In thousands of U.S. Dollars)		2023					2022
United States		$	26,753				$	19,067
Greater China			26,566					21,476
Asia (excluding China)			10,652					5,767
Western Europe			10,168					7,061
Canada			7,196					1,772
Latin America			1,603					1,886
Russia/the CIS & Ukraine(1)			135					1,010
Rest of the World			3,873					1,997
Total		$	86,946				$	60,036

(1)In addition to Russia, the Company has IMAX Systems in the Commonwealth of Independent States (“CIS”) which are Azerbaijan, Belarus, Kazakhstan, and Kyrgyzstan. Commencing in March 2022, in response to the ongoing conflict between Russia and Ukraine and resulting sanctions, the Company suspended its operations in Russia and Belarus. As of March 31, 2023, the IMAX network includes 54 systems in Russia, eight systems in Ukraine, and one system in Belarus.

United States and Greater China each comprises greater than 10% of the Company’s total revenues for the three months ended March 31, 2023 and 2022.

X

- Definition

Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
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