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 (MITQ) delivers innovative cinema equipment and digital solutions for theaters, Esports venues, and live entertainment spaces. This news hub provides investors and industry professionals with authoritative updates on MITQ’s strategic developments, financial milestones, and technological advancements.
Access real-time announcements including product launches, financial results, and partnerships that shape the company’s role in cinema technology and out-of-home entertainment. Our curated collection ensures you stay informed about MITQ’s custom engineering projects, audiovisual integration breakthroughs, and global service expansions.
Bookmark this page for direct access to press releases and market-moving news, all organized to help you track MITQ’s progress in transforming audience experiences through cutting-edge digital solutions.
Moving iMage Technologies (MITQ) reported a remarkable 241% increase in revenue, reaching $5.8 million for the third fiscal quarter ended March 31, 2022. The company achieved a GAAP net income of $0.6 million and diluted EPS of $0.06, compared to a net loss of ($0.2 million) last year. The non-GAAP net loss decreased to ($0.1 million) with an improved loss per share of $0.00. Additionally, MITQ raised its fiscal 2022 revenue guidance to $17.5 to $18.5 million, indicating significant growth potential.
Moving iMage Technologies (NYSE American: MITQ) will announce its Third Quarter Fiscal 2022 financial results on
Moving iMage Technologies (NYSE: MITQ) will present at the Sidoti May Virtual MicroCap Conference on May 11, 2022, at 2:30 p.m. ET. Joe Delgado, executive vice president, will lead the presentation and hold one-on-one investor meetings on May 11-12, 2022. Interested parties can sign up for the meetings via the Sidoti conference portal or by contacting Brian Siegel at brian@haydenir.com. Moving iMage Technologies specializes in digital cinema technology and offers various products and services for entertainment applications.
Moving iMage Technologies (NYSE: MITQ), a leader in digital cinema technology, will present at the Planet MicroCap Showcase Investor Conference from May 3-5, 2022. Joe Delgado, executive vice president, is scheduled to speak on May 4, 2022, at 2:30 p.m. PT. Investors can access the presentation live via this link. One-on-one meetings will be held on May 5, 2022, with registration available through the conference portal or by contacting Brian Siegel at brian@haydenir.com.
Moving iMage Technologies (MITQ) has acquired QSC LLC's USL accessibility products, taking on sales, distribution, manufacturing, and servicing of these items. This acquisition supports MITQ's mission to enhance the cinematic experience for underserved communities, particularly the hearing and visually impaired. The USL product line, compliant with the Americans with Disabilities Act (ADA), aims to improve accessibility in movie theaters. Additionally, MITQ plans to introduce the MiTranslator service to assist non-English speakers in enjoying films. Terms of the acquisition were not disclosed.
Moving iMage Technologies (NYSE American: MITQ) has formed a strategic partnership with SNDBX to enhance the cinema experience through e-Sports. This collaboration enables MiT to expand into the gaming sector by offering portable gaming carts for cinema operators, optimizing their auditorium capacity and boosting concession sales. The companies will showcase the gaming technology at CinemaCon Las Vegas from April 25-28. SNDBX manages amateur gaming leagues utilizing cinema auditoriums, promoting a unique experience for local gamers.
Moving iMage Technologies (NYSE American: MITQ) congratulates Metropolitan Theatres on the grand opening of its new MetroLux 10 with IMAX in San Clemente, California. The theater features advanced technology, including 4K RGB laser projectors and proprietary MiT products, ensuring a premium viewing experience. MiT provided a complete turnkey solution for this project, highlighting their strong partnership with Metropolitan. This collaboration marks the second successful project between the two companies, reinforcing MiT's reputation in the motion picture exhibition industry.
Moving iMage Technologies (NYSE American: MITQ) announced that it received a notice from NYSE Regulation on February 23, 2022, indicating non-compliance with listing standards due to a delayed filing of its Quarterly Report on Form 10-Q for the period ending December 31, 2021. This delay is linked to the need for a restatement of financial statements for Q3 of 2020 and 2021, stemming from a material misstatement identified by auditors. The company has until August 23, 2022, to file the report, with its stock continuing to be listed under a late filer indicator during this period.
Moving iMage Technologies (NYSE: MITQ) has appointed Francois Godfrey as Vice President of Business Development – Sales. Godfrey, with over 20 years of industry experience, previously held key roles at Christie Digital Systems and Barco Inc. His responsibilities will focus on enhancing the go-to-market strategy for MiT's CineQC SaaS platform and expanding the company's reach beyond North America. This leadership change aims to leverage Godfrey's expertise to drive revenue growth for MiT's innovative technology initiatives.
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.
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