Latest news with #MiT
Yahoo
07-05-2025
- Business
- Yahoo
Moving iMage Technologies Hosts Third Quarter Fiscal 2025 Conference Call May 15, 2025 at 11am ET
Fountain Valley, California--(Newsfile Corp. - May 7, 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, will report Q3 fiscal 2025 results before the market opens on May 15th and host an investor call at 11:00 am ET. Following prepared remarks, management will take investor questions. Conference Call Details Date/Time: Thursday May 15th at 11:00am ET Toll-Free Number: 1-877-407-4018 Toll/International Number: 1-201-689-8471 Call me™: Participants can use Guest dial-in numbers above and be answered by an operator OR click the Call me™ Link for instant telephone access to the event. Call me™ link will be made active 15 minutes prior to scheduled start time. Transcript: Posted online here 48 hours after the event Questions can be submitted in advance via Email to: mitq@ Telephone Replay Access ID: 13753795 Replay Dial-In: 1-844-512-2921 or 1-412-317-6671 Replay Expiration: Thursday May 29, 2025 at 11:59 p.m. ET About Moving iMage Technologies ( With a focus on innovation, service, and quality, Moving iMage Technologies ("MiT) is a trusted partner in delivering state-of-the-art out-of-home entertainment environments. Founded in 2003, MiT provides products, integrated systems design, custom engineering, proprietary products, software, and installation services for cinemas, screening rooms, postproduction facilities, high-end home theaters, Esports venues, arenas, stadiums, and other entertainment spaces. MiT manufactures a broad line of digital cinema peripherals in the U.S., including automation systems, projector pedestals/bases, projector lifts, hush boxes, direct-view LED frames, lighting fixtures and dimmers, power management devices, operations software, and Esports platforms. It also distributes and integrates cinema equipment from Barco, Sharp (NEC) Digital Cinema, Christie Digital, LEA Professional, Dolby, GDC, JBL/Crown, LG, Meyer Sound, Q-SYS, QSC, Samsung and others. MiT's Caddy Products division designs and sells cupholders, concession trays, and venue accessories that enhance concession sales and improve the guest experience. Follow us on X: @movingimagenews Follow us on LinkedIn: MiT on LinkedIn MITQ Investor Relations Contacts Chris Eddy or David Collins Catalyst IR mitq@ or 212-924-9800 To view the source version of this press release, please visit
Associated Press
13-02-2025
- Business
- Associated Press
Moving iMage Technologies (MiT) Returns to Revenue Growth and Narrows Losses
Improved industry environment and technology refresh cycle drove year-over-year revenue growth for MiT Higher gross margin and cost reductions led to improvement in net loss Customer spending expected to continue to improve throughout 2025 Fountain Valley, California--(Newsfile Corp. - February 13, 2025) - Moving iMage Technologies, Inc. (NYSE American: MITQ), ('MiT'), $MITQ, a leading technology and services company for cinema, Esports, stadiums, arenas and other out-of-home entertainment venues, today announced results for its second quarter ended December 31, 2024. Phil Rafnson, Chairman and Chief Executive Officer of MiT commented: 'Industry trends indicate a strengthening cinema industry spending environment, which we believe is still in the early stages of a broader recovery. Theaters are not only rebounding but starting to invest in the future, and our solutions continue to play a key role in their modernization efforts. While fiscal Q2 is traditionally our seasonally weakest quarter, we benefited from a return to revenue growth, expanded gross margins and, combined with the cost reductions we implemented at the beginning of the fiscal year, we improved our net loss year-over-year. Notably, we secured multiple orders tied to the ongoing technology refresh cycle, particularly for laser projectors and advanced sound solutions like Dolby Atmos immersive audio for premium large format (PLF) auditoriums. These investments signal growing confidence among theater owners who are prioritizing premium technology upgrades to enhance the moviegoing experience and drive long-term audience engagement.' Fiscal 2025 Commentary Francois Godfrey, President and Chief Operating Officer of MiT commented: 'The 2024 holiday box office was encouraging with a more than 40% surge over the previous year, and we look forward to the possibility of improved demand for our offerings beginning as early as the end of our fiscal year. To ensure we are positioned to capture as much as this spend as possible when the time comes, we are increasing our marketing activities to ensure the industry fully understands the breadth of our capabilities, while keeping our costs in check. Our near-term priority remains driving to higher, more consistent revenue growth and attaining profitability in our core business, creating a strong foundation for investing in our planned growth initiatives that we believe have the potential to drive higher levels of future growth.' Dial-in and Webcast Information Date/Time: Thursday, February 13, 2025 at 11:00 a.m. Eastern Time Toll-Free: 1-877-407-4018 Toll/International: 1-201-689-8471 Call me™: Participants can use Guest dial-in #s above and be answered by an operator OR click the Call me™ Link for instant telephone access to the event. Call me™ link will be made active 15 minutes prior to scheduled start time. Webcast: Telephone Replay Replay Dial-In: 1-844-512-2921 or 1-412-317-6671 Replay Expiration: February 27, 2025 at 11:59 p.m. ET Access ID: 13751755 Telephone Replays will be made available after conference end time. About Moving iMage Technologies Moving iMage Technologies (NYSE American: MITQ) is a leading provider of technology, products, and services for the Motion Picture Exhibition industry, with expanding ventures into live entertainment venues and Esports. We design and manufacture a wide range of proprietary products in-house, including developing potentially disruptive SaaS and subscription-based solutions. Committed to excellence and innovation, Moving iMage Technologies aims to revolutionize the out of home entertainment experience with cutting-edge technology and superior service. For more information, visit Forward-Looking Statements All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words 'believe,' 'anticipate,' 'expect,' 'plan,' 'intend,' 'estimate,' 'target' and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks and should be consulted along with this release. To the extent permitted under applicable law, we assume no obligation to update any forward-looking statements. Contact: Brian Siegel, IRC, MBA Vice President, Investor Relations and Strategic Communications for MiT Senior Managing Director, Hayden IR (346) 396-8696 [email protected] MOVING IMAGE TECHNOLOGIES, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands except share and per share amounts) [This table cannot be displayed. Please visit the source.] MOVING IMAGE TECHNOLOGIES, INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (in thousands except share and per share amounts) (unaudited) [This table cannot be displayed. Please visit the source.] MOVING IMAGE TECHNOLOGIES, INC. (in thousands) (unaudited) [This table cannot be displayed. Please visit the source.]
