Moving iMage Technologies Hosts Fourth Quarter Fiscal 2025 Conference Call September 26, 2025 at 11am ETSeptember 19, 2025 7:51 AM EDT | Source: Moving iMage TechnologiesFountain Valley, California--(Newsfile Corp. - September 19, 2025) - Moving iMage Technologies, Inc. (NYSE American: MITQ), a leading provider of cutting-edge out-of-home entertainment technology and services for cinema, Esports, stadiums and arenas and other venues, will report Q4 and year end fiscal 2025 results before the m ...

Core Insights - Moving iMage Technologies reported Q3'25 revenue of $3.57 million, an 8.2% decline from $3.89 million in Q3'24, primarily due to customer delays in project commencement [5] - The company achieved a gross profit of $1.06 million in Q3'25, up from $676,000 in Q3'24, with a gross margin percentage increase to 29.8% from 17.4% [5] - Net loss improved to $240,000, or $0.02 per share, compared to a net loss of $601,000, or $0.06 per share, in the same quarter last year [5][16] - The company maintained a steady net cash position of $5.4 million at the end of the quarter, with no long-term debt [5] Q3'25 Highlights - The company is focused on building its project pipeline and reducing expenses while targeting higher-margin opportunities [3] - A significant contract was secured for a $9 million projector technology refresh over three years for a long-term exhibition customer [3] - The company anticipates Q4'25 revenue of approximately $5.2 million, driven by larger projects being pushed into FY 2026 [7] Financial Performance - Q3'25 net sales were $3.57 million, down from $3.89 million in Q3'24, while cost of goods sold decreased to $2.51 million from $3.21 million [13] - Operating loss improved to $270,000 in Q3'25 from $649,000 in Q3'24, reflecting better gross margins [14] - For the nine months ended March 31, 2025, net sales totaled $12.26 million, down from $13.79 million in the same period last year [13] Future Outlook - The company is optimistic about the long-term potential of the cinema technology refresh cycle, which involves replacing legacy systems with advanced technology [3] - Ongoing customer dialogues indicate a strong demand for new laser projection systems, which are expected to enhance customer experience and reduce operating costs [3] - The company is focused on controlling overhead and improving product and service margins to position itself for future growth [6]