Moving Image Technologies Inc Stock Price, News & Analysis

Moving iMage Technologies (MITQ) reported Q1 FY2025 results with revenue decreasing 20.8% to $5.3 million compared to $6.6 million in Q1 FY2024. The company posted a gross profit of $1.4 million with a 26.1% margin, and an operating loss of $0.1 million. Despite current quarter challenges, management expressed optimism about industry recovery, citing strong summer box office performance and increased theater investments in premium technologies. The company ended the quarter with $5.2 million in cash and expects improved performance in the second half of fiscal 2025.

Moving iMage Technologies (NYSE American: MITQ) has announced its first quarter fiscal 2025 earnings conference call, scheduled for Thursday, November 14, 2024, at 11:00 a.m. Eastern Time. The earnings release will be posted at approximately 7:00 a.m. Eastern Time on the same day. The company will discuss financial and operational results for the quarter ended September 30, 2024. A telephone replay will be available until November 28, 2024. MITQ is a leading provider of technology, products, and services for the Motion Picture Exhibition industry, with ventures in live entertainment venues and Esports.

Moving iMage Technologies (NYSE American: MITQ) has announced a correction to its First Quarter Fiscal 2025 earnings call schedule. The conference call will now take place on Thursday, November 14, 2024, at 12:00 p.m. Eastern Time, instead of the previously announced 11:00 a.m. The company will release its earnings report at approximately 7:00 a.m. Eastern Time on the same day.

The call will be accessible via toll-free and international dial-in numbers, with a Call me™ feature available 15 minutes before the start time. A webcast replay will be available until November 28, 2024. Moving iMage Technologies is a leading provider of technology and services for the Motion Picture Exhibition industry, with ventures in live entertainment and Esports.

Moving iMage Technologies (MITQ) announced a strategic executive succession plan, promoting Francois Godfrey to President and Chief Operating Officer while appointing him to the Board of Directors. Godfrey, who joined MiT in early 2022 as VP of Business Development and Sales, succeeds Phil Rafnson as President, while Rafnson retains his role as Chairman and CEO. Additionally, Bevan Wright, EVP of Operations, will transition from the Board to an advisory board position while maintaining his operational role. Godfrey brings over 20 years of experience in business development, sales, and strategic planning from previous leadership positions at Christie Digital Systems, Barco, Ballentyne Strong, and QSC Audio.

Moving iMage Technologies (MITQ), a technology and services provider for cinema, Esports, stadiums, arenas, and out-of-home entertainment venues, has released its annual shareholder letter from Chairman, CEO and President Phil Rafnson. The letter aims to communicate with shareholders about the company's performance and outlook.

Moving iMage Technologies (NYSE American: MITQ) announced its participation in the 17th annual LD Micro Main Event on October 29th at 2 pm PT at the Luxe Sunset Boulevard Hotel. Brian Siegel, VP of Investor Relations and Strategic Communications, and Joe Delgado, EVP of Sales and Marketing, will represent the company.

Joe Delgado stated they will introduce a new corporate presentation and update investors on the cinema industry's recovery post-strikes and their new high-margin, recurring revenue initiatives. He emphasized the company's compelling valuation, trading below cash with no debt.

The presentation can be viewed virtually by registering online. Chris Lahiji, LD Micro's Founder, highlighted the event's significance for the small and micro-cap industry, describing it as an essential gathering for establishing future groundwork.

Moving iMage Technologies (NYSE AMERICAN: MITQ) announced its Q4 and fiscal year 2024 results, highlighting challenges due to industry disruptions caused by actors and writers strikes. Despite this, the company made progress on new initiatives expected to drive future growth. Key points include:

- Q4 revenue increased 10.0% to $6.3 million
- Full-year revenue decreased 0.3% to $20.1 million
- Full-year GAAP Net Loss of $1.4 million ($0.13 per share)
- Repurchased over 758,000 shares during the year

The company is optimistic about the cinema industry's future, citing a $2.2 billion investment in upgrades by major chains over the next three years. MiT expects to benefit from this trend and an upcoming projector upgrade cycle. The company is also preparing to commercialize new high-margin recurring revenue products like MiTranslator and E-Caddy.

Moving iMage Technologies (NYSE American: MITQ) has announced its upcoming conference call to discuss financial and operational results for the fourth quarter and full year fiscal 2024, ended June 30, 2024. The call is scheduled for Thursday, September 26, 2024, at 11:00 a.m. Eastern Time. The earnings release will be posted at approximately 7:00 a.m. Eastern Time on the same day and will be accessible through the company's investor relations website.

The conference call will be available via toll-free and international dial-in numbers, as well as through a webcast. A telephone replay will be available until October 10, 2024. Moving iMage Technologies is a leading manufacturer and integrator of technology solutions for entertainment applications, focusing on motion picture exhibitions, sports venues, and eSports.

Moving iMage Technologies (NYSE American: MITQ) has announced its upcoming fourth quarter and full year fiscal 2024 results conference call and webcast. The event is scheduled for Friday, September 27, 2024, at 11:00 a.m. Eastern Time. The earnings release will be posted at approximately 7:00 a.m. Eastern Time on the same day and will be accessible through the company's investor relations website.

Key details for the conference call include:

• Toll-Free: 1-877-407-4021
• Toll/International: 1-201-689-8472
• Webcast link: https://viavid.webcasts.com/starthere.jsp?ei=1690918&tp_key=c12f77c83d

A telephone replay will be available until October 11, 2024, at 11:59 p.m. ET. Moving iMage Technologies is a leading provider of technology, products, and services for the Motion Picture Exhibition industry, with expanding ventures into live entertainment venues and Esports.