Moving iMage Technologies Names Bart Bedard as CFO
Rhea-AI Summary
Moving iMage Technologies (NYSE American: MITQ) appointed Bart Bedard as Chief Financial Officer effective April 30, 2026. Bedard succeeds Bill Greene, who retired and will provide consulting support during the transition. Bedard has over 30 years of US and international finance experience and holds a BA in Accounting, an MBA, and an inactive CPA license. He has led financial reporting, audits, budgeting, compliance, and cost-saving initiatives, and recently consulted for private equity-backed companies with revenues between $50M and $1B. Management said Bedard will support scaling the company’s DCS cinema loudspeaker business alongside its cinema technology and systems integration offerings.
Positive
- Bart Bedard appointed CFO, providing experienced financial leadership
- 30+ years of finance and accounting experience for CFO role
- Consulting pipeline: recent work with companies earning $50M–$1B
- Transition support from retiring CFO Bill Greene as consultant
Negative
- None.
Key Figures
Market Reality Check
Peers on Argus
MITQ fell 5.04% while peers showed mixed moves: SONM up about 9.6%, CLRO down about 8.9%. With only one peer moving down and another up, this points to stock-specific reaction rather than a sector-wide move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Apr 06 | Product showcasing | Positive | +8.3% | Showcased DCS loudspeakers and LEA amplifiers at CinemaCon with investor event. |
| Mar 25 | Customer agreement | Positive | +1.2% | Signed three-year strategic loudspeaker deployment deal with Alamo Drafthouse Cinema. |
| Feb 26 | Project completion | Positive | +7.1% | Completed EVO Entertainment theater upgrade with laser projection and digital sound systems. |
| Feb 12 | Earnings update | Positive | -1.9% | Reported Q2 revenue growth, margin improvement, narrower loss, and DCS acquisition details. |
| Feb 10 | Conference call date | Neutral | -0.8% | Announced timing and access details for upcoming Q2 fiscal 2026 earnings call. |
Operational and customer-win news has often aligned with positive price moves, while earnings produced a modest negative divergence.
Over recent months, MITQ highlighted expansion of its cinema technology footprint and the DCS loudspeaker line. On Feb 26, an EVO Entertainment upgrade drove a 7.06% gain. A three‑year Alamo Drafthouse agreement on Mar 25 saw a 1.18% rise, and CinemaCon showcasing on Apr 06 lifted shares 8.3%. In contrast, Q2 earnings on Feb 12 with improved revenue and margins led to a -1.88% move, showing occasional selling into fundamentally better results.
Market Pulse Summary
This announcement details a planned CFO transition, with veteran finance executive Bart Bedard assuming the role and the prior CFO remaining in an advisory capacity. Context from recent filings highlights revenue growth, margin improvement, and ongoing material weaknesses in financial controls. Investors may monitor how the new CFO oversees reporting, budgeting, and the expansion of the DCS loudspeaker business, along with future earnings and governance updates for evidence of execution progress.
AI-generated analysis. Not financial advice.
Fountain Valley, California--(Newsfile Corp. - April 30, 2026) - Moving iMage Technologies, Inc. (NYSE American: MITQ) ("MiT"), a leading provider of advanced out-of-home entertainment technology and services for cinemas, stadiums, arenas, esports, and immersive venues worldwide, today announced the appointment of Bart Bedard as Chief Financial Officer. Mr. Bedard fills the role held by Bill Greene who has retired from the company. Mr. Greene has agreed to serve in a consulting role to support the transition as needed.
Mr. Bedard brings over 30 years of US and international financial and accounting leadership experience in CFO and senior finance positions He has a strong track record supporting strategic growth plans and identifying and implementing efficiency, cost reduction and financial controls improvement initiatives. Mr. Bedard has directed financial reporting, audits, budgeting, compliance and dozens of sourcing and other significant cost saving initiatives.
Mr. Bedard earned his BA in Accounting at Brigham Young University and an MBA from California State University, Fullerton and a Certified Public Accounting license (inactive). He began his professional career in Corporate Controller and Director of Finance roles at subsidiaries of Goodrich and L-3 Harris Technologies. He recently has served as financial consultant supporting audits and financial reporting and efficiency improvements for several private equity-backed companies with revenues between
Moving iMage President and COO, Francois Godfrey, commented, "We are excited to welcome Bart to the MiT team. We believe he brings great experience and energy to the CFO role that should benefit MiT as we work to scale our new DCS cinema loudspeaker business in tandem with our cinema technology solutions and systems integration offerings."
He added, "Bill Greene has made substantial contributions to MiT's growth and transformation. Our Board and management team extends our sincere appreciation and thanks for his service, leadership, financial stewardship and commitment to supporting this transition. We wish him all the best in his well-deserved retirement."
About Moving iMage Technologies (www.movingimagetech.com)
With a focus on innovation, service, and quality, Moving iMage Technologies ("MiT) is a trusted partner in delivering state-of-the-art out-of-home entertainment environments. Founded in 2003, MiT provides products, integrated systems design, custom engineering, proprietary products, software, and installation services for cinemas, screening rooms, postproduction facilities, high-end home theaters, Esports venues, arenas, stadiums, and other entertainment spaces.
MiT manufactures a broad line of digital cinema peripherals in the U.S., including automation systems, projector pedestals/bases, projector lifts, hush boxes, direct-view LED frames, lighting fixtures and dimmers, power management devices, operations software, and Esports platforms. It also produces and markets on a global basis the DCS line of premium cinema loudspeakers which are widely recognized as an industry standard. MiT also distributes and integrates cinema equipment from Barco, Sharp (NEC) Digital Cinema, Christie Digital, LEA Professional, Dolby, GDC, JBL/Crown, LG, Meyer Sound, Trinnov, Q-SYS, QSC, Samsung and others.
MiT's Caddy Products division designs and sells cupholders, concession trays, and venue accessories that enhance concession sales and improve the guest experience.
Forward-Looking Statements
All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words "believe," "anticipate," "expect," "plan," "intend," "estimate," "target" and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks and should be consulted along with this release. To the extent permitted under applicable law, we assume no obligation to update any forward-looking statements.
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MITQ Investor Relations Contacts
Chris Eddy or David Collins
Catalyst IR
mitq@catalyst-ir.com or 212-924-9800
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/295267