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Moving iMage Technologies (MITQ)
:MITQ
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Moving iMage Technologies
(NYSE MKT:MITQ)
56Neutral
Moving iMage Technologies (MITQ) vs. S&P 500 (SPY)
Market Cap
$7.03M
Dividend YieldN/A
Average Volume (3M)119.56K
Price to Earnings (P/E)―
Beta (1Y)-0.54
Revenue Growth-2.48%
EPS Growth21.51%
CountryUS
Employees32
SectorTechnology
Sector Strength43
IndustryCommunication Equipment
Share Statistics
EPS (TTM)-0.15
Shares Outstanding9,896,850
10 Day Avg. Volume300,771
30 Day Avg. Volume119,556
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.28
Price to Cash Flow (P/CF)18.90
P/FCF Ratio18.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Moving iMage Technologies Business Overview & Revenue Model
Company DescriptionMoving iMage Technologies, Inc., a digital cinema company, designs, manufactures, integrates, installs, and distributes proprietary and custom designed equipment, and other off the shelf cinema products for cinema requirements in the United States and internationally. Its products and services focus on the integration needs associated with the building, modernization, and equipping of motion picture exhibition theatres. The company provides automation systems for digital cinema applications; proprietary rack mount pedestals; in-house designed and assembled suite of products to support boothless theatre designs and alternative auditorium configurations; and in-house designed and assembled lighting products and dimmers, as well as distributes digital cinema projectors and servers. It also offers premium sound systems and enclosures; demand controlled ventilation systems that automatically shuts down projector exhaust fans; and reclining seats and armrests, concession tables and trays, tablet arms, cup holders, and step and aisle lighting products for theaters and other public venues. In addition, the company provides software solutions, such as CineQC, a cinema presence management and remote-control system. Further, it offers custom engineering, systems design, integration and installation, and digital technology services, as well as software solutions for 3D, digital cinema, and audio visual integration; project management and systems design services for theatre upgrades and new theatre builds; furniture, fixture, and equipment services to commercial cinema exhibitors for new construction and remodels; and cinema equipment installations and after-sale maintenance services. The company was founded in 2003 and is based in Fountain Valley, California.
How the Company Makes MoneyMoving iMage Technologies generates revenue through the sale of its cinema equipment and related services. Key revenue streams include the direct sale of digital projection and audio systems, customized seating, and screens to cinema operators. The company also earns income through its service offerings, which include design consultation, installation, and ongoing maintenance contracts. Furthermore, MITQ may engage in strategic partnerships and collaborations with cinema chains and technology providers, enhancing its market position and revenue potential.
Moving iMage Technologies Financial Statement Overview
Summary
Moving iMage Technologies presents a mixed financial picture. The company shows revenue stability but struggles with profitability and efficient asset management. While the balance sheet reflects low leverage, indicating financial prudence, the cash flow improvements are promising but need to be sustained. Continuous focus on cost control and operational efficiency is crucial for future growth.Income Statement
The income statement shows consistent revenue figures with minor fluctuations, indicating stability. However, the company has been unable to achieve profitability, as evidenced by negative net income and EBIT margins over the periods. The recent TTM data reflects a gross profit margin of 23.2%, but the net profit margin is negative, highlighting ongoing challenges in managing costs and achieving operational efficiency.45
Neutral
Balance Sheet
The balance sheet reveals a relatively stable equity position, with the latest TTM data showing a positive stockholders' equity. The debt-to-equity ratio is low, indicating limited leverage, which could be a strength. However, the equity ratio has seen a decline, suggesting a need to enhance asset efficiency or equity management.50
Neutral
Cash Flow
The cash flow statement indicates some improvement, with positive operating cash flow in the latest TTM period. The free cash flow is also positive, suggesting better cash management. However, historical patterns of negative free cash flow and operating cash flow to net income ratios indicate ongoing challenges in converting revenue into cash.55
Neutral
| Breakdown | |||||
| TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 18.93M | 20.14M | 20.21M | 18.35M | 7.25M | 16.37M | Gross Profit |
| 4.39M | 4.68M | 5.31M | 4.46M | 1.69M | 4.33M | EBIT |
| -1.74M | -1.56M | -1.98M | -1.76M | -1.50M | -620.00K | EBITDA |
| -1.56M | -1.22M | -1.45M | -1.19M | -181.00K | -406.00K | Net Income Common Stockholders |
| -1.57M | -1.37M | -1.80M | -928.00K | -1.28M | -1.15M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 5.32M | 5.28M | 6.62M | 6.70M | 1.27M | 1.06M | Total Assets |
| 10.03M | 10.52M | 13.33M | 14.85M | 5.72M | 5.70M | Total Debt |
| 1.24M | 151.00K | 431.00K | 0.00 | 3.80M | 2.65M | Net Debt |
| -4.07M | -5.13M | -6.18M | -2.34M | 2.53M | 1.59M | Total Liabilities |
| 4.84M | 4.81M | 5.75M | 5.44M | 7.73M | 6.67M | Stockholders Equity |
| 5.20M | 5.71M | 7.58M | 9.41M | -2.01M | -969.00K |
| Cash Flow | Free Cash Flow | ||||
| 606.00K | -808.00K | 254.00K | -3.41M | -1.63M | -578.00K | Operating Cash Flow |
| 606.00K | -796.00K | 269.00K | -3.39M | -1.63M | -576.00K | Investing Cash Flow |
| 0.00 | -12.00K | 4.31M | -4.96M | -2.00K | 126.00K | Financing Cash Flow |
| 100.47M | -530.00K | -304.00K | 9.41M | 1.84M | 926.00K |
Moving iMage Technologies Technical Analysis
Positive
0.76
Price Trends
0.63
Positive
0.66
Positive
0.63
Positive
Market Momentum
<0.01
Negative
70.35
Negative
59.77
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MITQ, the sentiment is Positive. The current price of 0.76 is above the 20-day moving average (MA) of 0.59, above the 50-day MA of 0.63, and above the 200-day MA of 0.63, indicating a bullish trend. The MACD of <0.01 indicates Negative momentum. The RSI at 70.35 is Negative, neither overbought nor oversold. The STOCH value of 59.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MITQ.
Moving iMage Technologies Risk Analysis
Moving iMage Technologies disclosed 39 risk factors in its most recent earnings report. Moving iMage Technologies reported the most risks in the “Finance & Corporate” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Moving iMage Technologies Peers Comparison
Overall Rating
UnderperformOutperform
Sector (57)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | $1.36B | 50.43 | 9.10% | ― | -6.04% | 6.43% | |
66 Neutral | $2.95B | 12.14 | 67.31% | 0.32% | -0.56% | 63.92% | |
57 Neutral | $20.94B | 10.43 | -13.41% | 2.52% | 4.53% | -23.34% | |
56 Neutral | $7.03M | ― | -25.45% | ― | -2.48% | 21.51% | |
50 Neutral | $566.39M | ― | -5.27% | 0.50% | 45.67% | -100.72% | |
50 Neutral | $1.14B | ― | 20.03% | ― | -3.64% | 48.94% | |
34 Underperform | $39.11M | ― | -245.80% | ― | -5.48% | -14.32% |
* Technology Sector Average
Performance Comparison
MITQ
Moving iMage Technologies
0.76
0.20
35.71%
CNK
Cinemark Holdings
24.58
5.46
28.56%
IMAX
IMAX
24.32
8.11
50.03%
NCMI
National Cinemedia
5.72
0.56
10.85%
AMC
AMC Entertainment
2.65
-0.30
-10.17%
RDI
Reading International
1.27
-0.52
-29.05%
Moving iMage Technologies Earnings Call Summary
Earnings Call Date: Feb 13, 2025 | % Change Since: 5.56% | Next Earnings Date: May 20, 2025
Earnings Call Sentiment Neutral
The earnings call indicates a cautiously optimistic outlook for Moving iMage Technologies, with signs of recovery and growth in core cinema business and improved financial metrics. However, the impact of past industry disruptions and slow progress in new initiatives highlight ongoing challenges.Highlights
Return to Growth and Loss Reduction
Moving iMage Technologies experienced a return to year-over-year top line growth and gross margin expansion in Q2 2025. Revenue increased by 5.4% to $3.4 million, with a 23.3% increase in gross profit and a 400 basis point rise in gross margin to 27.2%.
Strong Holiday Season and Industry Resilience
The cinema industry reported a strong holiday season, with major players like AMC, Regal, and Cinemark experiencing record Thanksgiving attendance and stronger-than-anticipated demand, indicating a recovery from previous challenges.
Cost Reductions and Improved Operating Loss
Operating expenses decreased by $92,000 compared to the previous year, and operating loss improved by $269,000, showing progress in financial management and cost efficiency.
Lowlights
Impact of Hollywood Strikes
The Hollywood strikes negatively impacted the number and timing of movie releases over the past year, affecting the cinema industry's performance.
Slow Progress in Emerging Initiatives
Progress in initiatives like CineQC and eCaddy has been slower than expected, with challenges in finalizing technology upgrades and business models.
Company Guidance
During the Moving iMage Technologies Second Quarter 2025 Earnings Conference Call, the company provided optimistic guidance for the future. They reported a 5.4% increase in revenue to $3.4 million, with gross profit up 23.3% year-over-year to $936,000, resulting in a robust gross margin of 27.2%, a 400 basis point improvement from the previous year. Operating expenses decreased by $92,000 to $1.497 million, and the operating loss improved by $269,000 to a negative $561,000. In terms of net loss, there was an improvement of $267,000, reducing it to $527,000, with EPS improving from negative $0.07 to negative $0.05. The company also noted an increase in cash by $38,000, bringing it to $5.3 million. Looking ahead to the third quarter, they anticipate continued year-over-year revenue growth, gross margin expansion, and further reductions in losses, buoyed by a strong holiday box office, the onset of a technology refresh cycle, and a new customer budget cycle.Moving iMage Technologies Corporate Events
Executive/Board ChangesBusiness Operations and Strategy
Moving iMage Technologies Adjusts Stock Option Pricing
Neutral
Mar 28, 2025
On March 25, 2025, Moving iMage Technologies, Inc. announced the cancellation of previously issued share options from May 23, 2023, which were initially priced at $1.10 per share. These options, totaling 250,000 shares, were distributed among outside directors and the CFO. The Board has now reissued these options at a reduced price of $0.65 per share, reflecting a strategic adjustment in their stock option pricing.
Business Operations and StrategyRegulatory Filings and Compliance
Moving iMage Technologies’ Strategic Maneuver with Form 8-K
Neutral
Feb 13, 2025
Moving iMage Technologies has issued a Current Report on Form 8-K, highlighting changes that are not subject to the liabilities under Section 18 of the Exchange Act. This release suggests a strategic financial maneuver that may influence their operational or market-related decisions without impacting existing legal liabilities.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.