Moving iMage Technologies (NYSEAMERICAN:MITQ) Releases Earnings Results

Moving iMage Technologies (NYSEAMERICAN:MITQ) issued its quarterly earnings data on Thursday. The company reported ($0.04) earnings per share (EPS) for the quarter, FiscalAI reports. Moving iMage Technologies had a negative net margin of 1.46% and a negative return on equity of 5.42%. The business had revenue of $3.79 million for the quarter.

Here are the key takeaways from Moving iMage Technologies’ conference call:

• The company completed the DCS loudspeaker acquisition (funded with ~$1.5M cash), has onboarded inventory and systems, established warehouses in California, the Netherlands and China, and signed distribution with 25+ dealers to sell DCS in 50+ countries.
• Q2 results showed improvement — revenue rose 10% to $3.3M, gross profit increased 24% to $1.16M with gross margin up to 30.7%, and both operating and net losses narrowed versus prior year.
• The balance sheet remains solid with net cash of $3.9M, working capital of $4.46M and no long-term debt, though cash fell from $5.3M and inventory rose due to the DCS purchase.
• Near-term outlook is cautious and seasonal — management expects Q3 revenue of about $3M with modest initial DCS ramp and says long-term demand depends on cinema CapEx timing and content pipelines.

Moving iMage Technologies Stock Up 0.4%

MITQ stock opened at $0.67 on Friday. The business’s 50-day moving average price is $0.70 and its 200-day moving average price is $0.81. The stock has a market cap of $6.66 million, a P/E ratio of -22.33 and a beta of 0.52. Moving iMage Technologies has a twelve month low of $0.50 and a twelve month high of $1.66.

Institutional Investors Weigh In On Moving iMage Technologies

Several large investors have recently added to or reduced their stakes in the stock. OneAscent Financial Services LLC bought a new stake in shares of Moving iMage Technologies during the fourth quarter valued at approximately $66,000. Citadel Advisors LLC purchased a new position in Moving iMage Technologies during the 3rd quarter worth $33,000. Finally, Renaissance Technologies LLC increased its holdings in Moving iMage Technologies by 21.9% during the 4th quarter. Renaissance Technologies LLC now owns 117,300 shares of the company’s stock worth $78,000 after purchasing an additional 21,100 shares during the period. 2.23% of the stock is owned by hedge funds and other institutional investors.

About Moving iMage Technologies

Moving iMage Technologies, Inc, trading on the NYSE American under the symbol MITQ, designs, manufactures and integrates digital signage solutions for a wide range of industries. The company’s core offerings encompass both hardware and software platforms that support high-definition displays, interactive kiosks and touchscreen environments. Moving iMage’s systems are engineered to deliver dynamic content, remote monitoring and scalable network deployment to meet evolving customer needs.

Its product lineup includes commercial-grade LCD and LED displays, media players, digital signage enclosures and interactive touchscreen modules.