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Vincent Padois, head tutor at the Pierre and Marie Curie University who teaches robotics and is babysitting the Paris ICub, makes a demonstration with ICub robot, a ?hybrid embodied cognitive system for a humanoid robot" about 1 metre (3.2 feet) high, at the Pierre and Marie Curie University in Paris September 4, 2009. Six versions of ICub exist in laboratories across Europe, where scientists are painstakingly tweaking its electronic brain to make it capable of learning, just like a human child and hoping it will learn how to adapt its behaviour to changing circumstances, offering new insights into the development of human consciousness. REUTERS/Philippe Wojazer

Pictures of the year: Technology

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    IMAX loss deepens on digital technology costs

    TORONTO
    Thu Aug 7, 2008 11:25am EDT

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    TORONTO (Reuters) - Giant-screen movie theater firm Imax Corp (IMX.TO)(IMAX.O) reported a deeper second-quarter loss on Thursday as it continued to invest in its transition to digital technology.

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    Mississauga, Ontario-based Imax also said it delivered and installed its first digital projection systems at three AMC Entertainment theaters in the United States.

    The company lost $12.2 million, or 29 cents a share, in the period ended June 30, compared with a loss of $4.5 million, or 11 cents a share, in the year-earlier period.

    Revenue slipped to $21.2 million from $27.1 million, the company said.

    Investors appeared disappointed by the results, driving Imax shares 50 Canadian cents, or 6.1 percent, lower to C$7.69 on the Toronto Stock Exchange on Thursday morning.

    The second-quarter results reflected "investments made to transition the company to a digital platform, two fewer system installations for which we could recognize revenue as well as difficult year-over-year comparisons to last year's highly successful 'Spider-Man 3'," the company said.

    Imax said the latest Batman film, "The Dark Knight", and strength in its second-half film slate will offset the year-to-date softness.

    Imax said it remains on track to install about 50 digital systems by year-end.

    ($1=$1.05 Canadian)

    (Reporting by Jennifer Kwan and Wojtek Dabrowski; Editing by Peter Galloway)
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