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Moving iMage Technologies (MITQ)
:MITQ
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Moving iMage Technologies
(NYSE MKT:MITQ)
Rating:52Neutral
Price Target:
$0.50
▼( -15.25% Downside)
Moving iMage Technologies (MITQ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$5.89M
Dividend YieldN/A
Average Volume (3M)119.40K
Price to Earnings (P/E)―
Beta (1Y)-0.74
Revenue Growth-4.85%
EPS Growth43.93%
CountryUS
Employees32
SectorTechnology
Sector Strength77
IndustryCommunication Equipment
Share Statistics
EPS (TTM)-0.02
Shares Outstanding9,933,679
10 Day Avg. Volume56,036
30 Day Avg. Volume119,396
Financial Highlights & Ratios
PEG Ratio-0.30
Price to Book (P/B)1.07
Price to Sales (P/S)0.00
P/FCF Ratio9.13
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 (MITQ) is a provider of technology and services to the cinema exhibition industry. The company offers a wide range of products and services including digital cinema equipment, software solutions, and technical support. Its offerings are designed to improve the quality and efficiency of cinema operations, supporting both traditional and emerging cinema markets.
How the Company Makes MoneyMITQ generates revenue through the sale and installation of digital cinema equipment, which includes projectors, servers, and audio systems. Additionally, the company offers software solutions that enhance cinema operations, such as theater management systems. MITQ also derives income from providing technical support and maintenance services to its clients. Significant partnerships with equipment manufacturers and cinema operators contribute to its revenue streams, enabling the company to expand its market presence and offer comprehensive solutions to its customers.
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 |
| -1.47M | -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
Negative
0.59
Price Trends
0.59
Negative
0.64
Negative
0.62
Negative
Market Momentum
<0.01
Negative
49.47
Neutral
25.32
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MITQ, the sentiment is Negative. The current price of 0.59 is above the 20-day moving average (MA) of 0.58, below the 50-day MA of 0.59, and below the 200-day MA of 0.62, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 49.47 is Neutral, neither overbought nor oversold. The STOCH value of 25.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 (61)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $11.29B | 10.07 | -7.05% | 2.96% | 7.47% | -10.75% | |
52 Neutral | $5.89M | ― | -21.35% | ― | -4.85% | 43.93% | |
48 Neutral | $11.62M | ― | -137.03% | ― | 47.05% | -22.31% | |
44 Neutral | $16.29M | ― | -400.46% | ― | 33.58% | 81.58% | |
43 Neutral | $5.93M | ― | -933.63% | ― | 72.95% | 74.56% | |
43 Neutral | $3.72M | ― | -97.40% | ― | -29.78% | 45.35% | |
37 Underperform | $8.74M | ― | -322.86% | ― | -37.74% | -79666.67% |
* Technology Sector Average
Performance Comparison
MITQ
Moving iMage Technologies
0.59
0.11
22.92%
BOXL
Boxlight
1.67
-1.85
-52.56%
SONM
Sonim Technologies
0.95
-4.15
-81.37%
SYTA
Siyata Mobile
5.40
-264.60
-98.00%
ASNS
Actelis Networks, Inc.
0.66
0.17
34.69%
MOB
Mobilicom Ltd. ADR
1.93
1.11
135.37%
Moving iMage Technologies Earnings Call Summary
Earnings Call Date:May 15, 2025
(Q3-2025)
| % Change Since: 1.72%|
Next Earnings Date:Sep 24, 2025
Earnings Call Sentiment Neutral
The earnings call highlighted significant improvements in gross margin and bottom-line results, along with stability in cash position and a positive long-term outlook for the industry. However, these positive aspects were tempered by a decline in revenue, project delays, and a reduced revenue outlook for Q4 2025, indicating a mix of both challenges and achievements.Q3-2025 Updates
Positive Updates
Improved Bottom-Line Results
Despite revenue challenges, the company delivered improved bottom-line results, reducing the operating loss to $270,000 from $649,000 year-over-year due to a substantial improvement in gross margin percentage.
Gross Margin Increase
Gross margin dollars increased by 57% to $1.063 million in Q3 2025 from $676,000 in Q3 2024, reflecting a focus on higher-margin opportunities.
Stability in Cash Position
The company maintained a steady net cash position of $5.37 million with no long-term debt, indicating a strong financial runway.
New Projects and Partnerships
The company completed significant projects, including AV integration at UCSB Pollock Theatre and a cinema build-out for Flix Brewhouse in Albuquerque.
Positive Long-term Outlook
Analysts project a 9% rise in the 2025 domestic box office, suggesting a favorable long-term outlook for the film industry.
Negative Updates
Revenue Decline
Q3 2025 revenue declined 8.2% to $3.571 million due to economic uncertainties and customer project delays.
Project Delays
Many customers are slowing decision-making on cinema infrastructure investments due to economic and policy uncertainties, causing delays in project start times.
Reduced Q4 Revenue Outlook
The company reduced its Q4 2025 revenue outlook as several expected projects have slipped into the next fiscal year.
Company Guidance
During the Moving iMage Technologies Fiscal 2025 Third Quarter Conference Call, the company reported a Q3 revenue of $3.57 million, reflecting an 8.2% decline due to economic uncertainties causing project delays. However, they reduced their operating loss to $270,000 from $649,000 the previous year, thanks to a 57% increase in gross margin dollars to $1.063 million. The company's net loss also improved, decreasing to $240,000 or $0.02 per share from $601,000 or $0.06 per share in Q3 2024. Despite challenges, their net cash position remained steady at $5.37 million, with no long-term debt and working capital exceeding $4.4 million. Looking forward, they anticipate Q4 2025 revenue of approximately $5.2 million, including a significant Caddy product sale for an NFL installation.Moving iMage Technologies Corporate Events
Regulatory Filings and Compliance
Moving iMage Technologies Issues Form 8-K Report
Neutral
May 19, 2025
Moving iMage Technologies has issued a current report on Form 8-K, which includes certain exhibits. The information in this report is not considered filed for the purposes of the Exchange Act and is not subject to its liabilities.
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.
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.