MiT's Q4 Loss Narrows Y/Y, Revenues Rise on Cinema Demand Recovery

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 ...