Shares of Moving iMage Technologies, Inc. (MITQ) have declined 6.7% since the company reported its earnings for the quarter ended Sept. 30, 2024. This compares to the S&P 500 index’s 2% decline over the same time frame. Over the past month, the stock has fallen 4.2% versus the S&P 500’s 0.6% growth.For the first fiscal quarter of 2025, MiT posted break-even earnings per share compared to earnings of 4 cents per share recorded in the prior-year quarter. MiT reported total revenues of $5.3 million, reflecting ...

Company Overview - Moving iMage Technologies (NYSE American: MITQ) is a leading technology and services provider for the cinema, Esports, stadiums, arenas, and other out-of-home entertainment venues [2][4]. - The company designs and manufactures a wide range of proprietary products in-house, including potentially disruptive SaaS and subscription-based solutions [4]. Upcoming Event - The company will present at the 17th annual LD Micro Main Event on Tuesday, October 29th at 2 pm PT at the Luxe Sunset Boulevard Hotel [2][3]. - Brian Siegel, Vice President of Investor Relations and Strategic Communications, and Joe Delgado, EVP of Sales and Marketing, will represent the company at the event [2]. Industry Context - Joe Delgado highlighted the importance of updating investors on the recovery status of the cinema industry following the actors' and writers' strikes [3]. - The company is focusing on new high-margin, recurring revenue initiatives that are expected to drive growth in the coming years [3]. Financial Position - The company is currently trading below cash with no debt, which is described as an extremely compelling valuation [3].

Moving iMage Technologies, Inc. (MITQ) incurred a GAAP net loss of 4 cents per share in the fourth quarter of fiscal 2024, narrowing from a loss of 12 cents per share in the same quarter of 2023. Revenues grew 10% year over year to $6.3 million from $5.8 million in the fourth quarter of fiscal 2023, driven by a recovery in cinema-related demand despite broader industry disruptions. MiT's fiscal fourth quarter financial results highlight the company's ability to recover despite external challenges, particula ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40511 MOVING IMAGE TECHNOLOGIES, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 85-1836381 State or Other Ju ...

Financial Data and Key Metrics Changes - The company experienced a 13% revenue growth in Q1 but faced a transition period with revenue flattening and gross margin decline due to industry strikes [15][16] - Q4 revenue grew 10% to $6.3 million, driven by a significant project for Alamo Drafthouse and initial orders from LEA products [15][16] - Full-year revenue remained flat at $20 million, with gross profit decreasing by 11.8% and gross margin down 300 basis points [15][16] Business Line Data and Key Metrics Changes - The core cinema business is optimistic due to a technology upgrade cycle, with over 10,000 projectors needing replacement in the next four years [8][9] - The company introduced over 200 proprietary higher-margin products, enhancing growth and margin expansion opportunities [8][9] - The LEA partnership is expected to generate significant revenue, with a total addressable market of $30 million to $63 million annually [9] Market Data and Key Metrics Changes - The eight largest cinema chains in the U.S. and Canada plan to invest over $2.2 billion in upgrades over the next three years, indicating strong market demand [6][7] - The cinema industry is entering a new upgrade cycle, with significant opportunities for projector sales as older equipment reaches end of life [6][8] Company Strategy and Development Direction - The company is focusing on emerging higher-margin recurring revenue products like MiT Translator, eCaddy, and CineQC [5][14] - Strategic investments in eSports and the eCaddy platform are seen as key growth initiatives, with potential for significant revenue generation [10][12][14] - The company aims to achieve break-even at a lower revenue threshold of approximately $21 million, aided by cost reduction measures [18] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by the actors and writers strikes but expressed confidence in the industry's recovery and the company's positioning for growth [4][5][14] - The company is optimistic about the future of cinema and entertainment, with consumers demanding high-quality immersive experiences [6][7] - Management highlighted the importance of adapting to market changes and pursuing direct sales strategies in eSports [10][11] Other Important Information - The company repurchased approximately 758,000 shares during the fiscal year, completing a buyback program of 1 million shares [17][18] - The company plans to upgrade its integrated investor relations site and increase investor engagement activities [19] Q&A Session Summary - There were no questions during the Q&A session, and the call concluded without further inquiries [21]

Zacks Investment Research has recently initiated coverage of Moving iMage Technologies, Inc. (MITQ) , a prominent provider of technology solutions for movie theaters and entertainment venues, with a neutral recommendation. The research report offers an in-depth analysis and insights into MiT's operational strategies, financial performance and market opportunities. MiT has demonstrated a strong commitment to enhancing shareholder value through strategic initiatives, including a new share repurchase program e ...

Moving iMage Technologies (NYSEMKT:MITQ) stock is on the rise Wednesday after the cinema design and installation company received a new multi-million dollar contract. According to a press release from the company, it has signed on to build a new Alamo Drafthouse project for the company's new Georgetown. This is set to open for business this summer in Indianapolis, Ind. Moving iMage Technologies notes that this new location will house a complete suite of its proprietary manufactured products. It will also fe ...

Exhibit 99.1 | | 3Q24 | 3Q23 | Change | YTD | YTD | Change | | --- | --- | --- | --- | --- | --- | --- | | in millions, except for Income (loss) per Share and percentages | | | | FY24 | FY23 | | | Total Revenue | $3.9 | $3.7 | 4.0% | $13.8 | $14.4 | -4.5% | | Gross Profit | $0.7 | $1.0 | -35.1% | $3.3 | $3.9 | -16.8% | | Gross Margin | 17.4% | 27.9% | | 23.6% | 27.1% | | | Operating Income (Loss) | ($0.6) | ($0.5) | -23.4% | ($1.1) | ($0.6) | -77.8% | | Operating Margin | -16.7% | -14.1% | | -7.9% | -4.3% | ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-40511 Moving iMage Technologies, Inc. (Exact name of Registrant as specified in its charter) Delaware 85-1836381 (State ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-40511 Moving iMage Technologies, Inc. (Exact name of Registrant as specified in its charter) (State or other jurisdic ...