Moving Image Technologies Inc Stock Price, News & Analysis

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.

Moving iMage Technologies (NYSE American: MITQ) has been awarded a project to remodel and upgrade Flix Brewhouse's new 7-screen cinema in Albuquerque, New Mexico, set to open in late 2024. The project includes installing MiT's proprietary manufactured products, such as bases, automations, ALF lights, ALMS dimmers, and HI/VI/CC equipment. Additionally, the cinema will feature cutting-edge 2K and 4K laser projection from NEC, Dolby CP950 audio processors with QSC power amplifiers and Klipsch speakers, new screens, and aisle lighting. MiT will oversee project management, integration, and installation to ensure optimal system performance.

Moving iMage Technologies ($MITQ) has secured projects to upgrade premium large format (PLF) auditoriums with immersive sound systems for two customers. Horizon Cinemas will upgrade two locations in Maryland with Dolby Atmos systems, while Schulman Theatres will implement two DTS-X IAB auditoriums in Texas. These upgrades reflect a growing trend among theater owners to invest in advanced audio technologies, aiming to enhance the cinematic experience and potentially charge premium ticket prices.

MiT will provide installation, calibration, and certification services for these projects. The company views these partnerships as a demonstration of theater owners' commitment to delivering exceptional experiences through immersive audio technology, capitalizing on the industry's recovery.

Moving iMage Technologies ($MITQ) has announced a significant upgrade project for Alamo Drafthouse's recently acquired Las Colinas, Texas location. The project includes the installation of seven state-of-the-art Barco SP4K RGB projectors, Alchemy servers, and MiT's proprietary manufactured products such as advanced automation systems and power filtering IS-30 units. Additionally, new screens will be installed to complement the high-definition projection system.

This upgrade aims to enhance the movie-going experience by providing exceptional image clarity, color accuracy, and streamlined content management. The collaboration between MiT and Alamo Drafthouse demonstrates their commitment to delivering top-tier cinematic technology and a superior visual experience for audiences.

Moving iMage Technologies ($MITQ) has announced a significant upgrade project for Alamo Drafthouse's recently acquired Richardson, Texas location. The project includes the installation of seven state-of-the-art Barco SP4K RGB projectors, Alchemy servers, and a Dolby Atmos immersive sound system with 46 discrete speaker channels and 36,000W of QSC power. MiT will also provide its proprietary automation systems and power filtering IS-30 units, along with new screens to complement the high-definition projection system.

This comprehensive upgrade aims to enhance the movie-going experience significantly, offering exceptional image clarity, color accuracy, and immersive sound. The Richardson location is set to reopen this Friday, showcasing these cutting-edge technologies that promise a more vibrant and engaging cinematic experience for audiences.

Moving iMage Technologies (NYSE American: MITQ), a leading tech and services firm for entertainment venues, announced a multi-million dollar contract for a new Alamo Drafthouse Cinema in Indianapolis.

Set to open in Summer 2024, the Georgetown location represents the 44th Alamo site equipped by MiT.

The project will feature MiT's proprietary products, including energy management solutions, bases, dimmers, automation systems, and ADA equipment.

Additionally, it will have cutting-edge 4K laser projection from Barco and comprehensive AV distribution and processing from QSC.

MiT will manage and integrate the project, ensuring optimal performance.

The opening will offer movie enthusiasts a state-of-the-art cinematic experience.