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Moving Image Technologies Inc (MITQ)
:MITQ
Earnings Data
Report Date
May 20, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
―Last Year’s EPS
-0.06Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: -9.72%
|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.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.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.
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MITQ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MITQ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 13, 2025 | $0.72 | $0.74 | +2.78% |
| Nov 14, 2024 | $0.63 | $0.60 | -4.76% |
| Sep 26, 2024 | $0.56 | $0.57 | +1.79% |
| May 15, 2024 | $0.53 | $0.54 | +1.89% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Moving Image Technologies Inc (MITQ) report earnings?
Moving Image Technologies Inc (MITQ) is schdueled to report earning on May 20, 2025, TBA Not Confirmed.
What is Moving Image Technologies Inc (MITQ) earnings time?
Moving Image Technologies Inc (MITQ) earnings time is at May 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MITQ EPS forecast?
Currently, no data Available
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