MITQ Q4 Loss Narrows Y/Y, Laser & LED Upgrades Aids

In fourth-quarter fiscal 2025, Moving iMage Technologies, Inc. (MITQ) incurred a net loss of 2 cents per share, narrower than a loss of 4 cents per share in the prior-year quarter, thanks to significant expense reductions.The company posted revenues of $5.9 million, a 7.3% decline from $6.4 million in the year-ago period, primarily reflecting reduced customer project activity. Gross profit fell to $1.2 million versus $1.4 million last year, with gross margin narrowing to 20.4% from 22.5%. Net loss narrowed ...