Welcome to our dedicated page for Moving Image Technologies news (Ticker: MITQ), a resource for investors and traders seeking the latest updates and insights on Moving Image Technologies stock.
Moving iMage Technologies, Inc. ("MiT") (NYSE American: MITQ) is described by the company as a provider of technology and services for out-of-home entertainment environments, with a focus on cinemas, Esports venues, arenas, stadiums, screening rooms, postproduction facilities, and high-end home theaters. The news flow around MITQ highlights both its operating performance and its project activity in the cinema and entertainment technology markets.
On this news page, readers can review company-issued updates such as quarterly and annual financial results, including revenue, gross profit, operating income or loss, and net income or loss as reported in press releases and referenced in Form 8-K filings. These items provide insight into MiT’s financial condition, margins, and expense trends over time.
In addition to earnings-related announcements, MiT regularly reports on project wins and technology deployments. Recent news has described cinema technology refresh initiatives using laser projection and immersive audio, collaborations on private screening room concepts, and work on cinema and performing arts venues. The company also issues releases on material agreements, such as its contract to install Barco laser projectors for a long-time cinema exhibition customer and its acquisition of the Digital Cinema Speaker Series (DCS) loudspeaker product line from QSC.
Investors and industry observers can use this page to follow MiT’s updates on project pipelines, equipment contracts, product line expansions, and other developments disclosed through press releases and related SEC current reports. For those tracking MITQ, the news feed offers a consolidated view of the company’s reported financial results, operational milestones, and strategic transactions in the cinema and entertainment technology space.
Moving iMage Technologies (MITQ) reported a strong year-over-year revenue growth of 113%, reaching $3.4 million for its fiscal second quarter ending December 31, 2021. The company also noted an impressive 44% sequential increase in backlog, totaling $11.1 million. Management has raised its fiscal 2022 revenue guidance to $14-$16 million, indicating a growth rate of 93%-121%. Despite operational losses, cash and cash equivalents stood at $9.0 million, reflecting a solid liquidity position.
Moving iMage Technologies (AMEX: MITQ) is set to report its financial and operational results for the Second Quarter Fiscal 2022, concluding on December 31, 2021. The earnings release will be available on their investor relations website on February 9, 2022, at 7:00 AM Eastern. Management will conduct a webcast for investors, who can also submit questions in advance. Details for replaying the webcast are provided, along with contact information for investor relations.
Moving iMage Technologies (AMEX: MITQ) recently secured three significant contracts to upgrade digital cinema technology. These procurements, supported by the Shuttered Venue Operators Grant (SVOG) under the Cares Act, aim to enhance customer experiences in theaters affected by COVID-19. Notable orders include upgrades for Flix Brewhouse's media servers, Dolby audio processors for Celebration Cinemas, and VIP recliners for Elvis Cinemas locations. The SVOG has disbursed over
Moving iMage Technologies (AMEX: MITQ), a digital cinema technology leader, is set to present at the Sidoti Virtual Microcap Investor Conference on December 8, 2021, at 9:45 a.m. ET. Joe Delgado, executive vice president, will host one-on-one meetings with investors during this event. Interested attendees can register for free and join the live presentation through the provided links. MiT specializes in cinema technology solutions, including custom engineering and enterprise software for entertainment applications.
Moving iMage Technologies (MITQ) reported a remarkable 98% year-over-year revenue growth to $3.5 million for the first fiscal quarter ended September 30, 2021. The company successfully extinguished $3.1 million in debt and reported a backlog of $7.7 million. For fiscal 2022, MITQ forecasts revenue between $12 million and $15 million, indicating a projected growth of 67% to 108% year-over-year. The IPO raised $12.3 million and the company introduced a new ADA-compliant translator product.
Moving iMage Technologies (MITQ) will announce its financial results for Fiscal Q1 2022, concluding on September 30, 2021. The earnings release, which will be filed on Form 8-K, is scheduled for November 11, 2021, at approximately 4:10 p.m. ET. An earnings webcast will follow at 4:30 p.m., offering insights into the results, future outlook, and Q&A for investors. MiT specializes in custom technology solutions for entertainment, focusing on cinema and has a notable division for proprietary seating products.
Moving iMage Technologies (NYSE American: MITQ), a digital cinema technology leader, announced a factory open house on January 20, 2022, featuring technology demonstrations after the ICTA Seminars in Los Angeles from January 17-19, 2022. The highlight is their innovative multi-language translator system, which targets the 70 million non-native English speakers in the U.S., enhancing accessibility and audience engagement. The system includes AR glasses and a subscription service, facilitating multi-language screenings and ADA compliance for a broader cinema experience.
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Moving iMage Technologies (NYSE: MITQ) will present at the 14th annual LD Micro Main Event on October 14, 2021, at 6:00 AM PST. Co-founder Joe Delgado will discuss the company's technological role in cinema and live events, and the anticipated market recovery in 2022 and beyond. The conference, held virtually from October 12-14, features around 150 companies, each presenting for 25 minutes. For registration and event details, visit here.
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