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Moving iMage Technologies, Inc. - MITQ STOCK NEWS

Welcome to our dedicated page for Moving iMage Technologies news (Ticker: MITQ), a resource for investors and traders seeking the latest updates and insights on Moving iMage Technologies stock.

Moving iMage Technologies, Inc. (MITQ) is a premier manufacturer and high-level distributor specializing in equipment for the motion picture exhibition industry. Based in Fountain Valley, California, the company operates out of a 28,000 sq ft facility that houses its corporate offices, engineering and manufacturing units, distribution channels, and service and support divisions. The company leverages a global network of service partners and OEM manufacturers to enhance its reach and capabilities.

Moving iMage Technologies offers a diverse range of products and services aimed at modernizing and optimizing cinema experiences. These include custom engineering, systems design, and integration and installation services tailored to meet contemporary cinematic requirements. Additionally, the company provides cutting-edge digital technology solutions for 3D and digital cinema, and audio-visual integration.

Through its RYDT Entertainment Systems division, Moving iMage Technologies delivers turnkey FFE (Furniture, Fixtures, and Equipment) solutions for both new constructions and remodels. This division covers procurement, design, consulting, installation, and project management, ensuring a seamless and high-quality execution of projects.

Moreover, the company also offers software solutions designed to enhance operational efficiency and theater management. With its comprehensive range of services and innovative product offerings, Moving iMage Technologies is well-positioned to meet the evolving needs of the motion picture exhibition industry.

Stay updated with the latest news and developments about Moving iMage Technologies to understand their market performance and the impact of their innovations in the cinema industry.

News

Moving iMage Technologies Announces First Quarter Fiscal 2024 Results

Rhea-AI Summary
MITQ - Moving iMage Technologies, Inc. reports a 13% increase in revenue, 17% increase in gross profit, and a gross margin of 27.4% for the first quarter of the fiscal year. The company also achieved GAAP and Non-GAAP EPS of $0.04. Phil Rafnson, chairman and CEO, expressed satisfaction with the double-digit growth in revenue, gross margin expansion, and profits.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.73%
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earnings
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Moving iMage Technologies to Present and Conduct 1:1 Meetings at The Sidoti Virtual MicroCap Conference on November 15 and 16th

Rhea-AI Summary
MITQ: Moving iMage Technologies to Present at Sidoti MicroCap Conference on November 15, 3:15 p.m. E.T. Investors Can Request 1:1 Meetings. Register to Watch Virtually
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End-of-Day
0.83%
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News

Moving iMage Technologies Announces Golden Ticket Cinemas Selects LEA Amplifiers for its Immersive Auditoriums

Rhea-AI Summary
MITQ: Moving iMage Technologies Announces New Customer Golden Ticket Cinemas and LEA Professional Power Amplifiers Selection for Immersive Auditoriums in North Carolina
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Rhea-AI Sentiment
End-of-Day
0.83%
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none
News

Moving iMage Technologies to Report First Quarter 2024 Results on November 13, 2023

Rhea-AI Summary
Moving iMage Technologies (NYSE American: MITQ) will report financial and operational results for its first quarter fiscal 2023 ended November 13, 2023. The earnings release will be posted on November 13, 2023, at 7:00 a.m. ET. The earnings call will take place on November 13, 2023, at 12:00 p.m. ET. Dial-in and webcast information will be provided for participants to access the event. Telephone replay will be available until November 27, 2023, with the access ID 13742538.
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Rhea-AI Sentiment
End-of-Day
-0.95%
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CORRECTING and REPLACING Moving iMage Technologies to Report First Quarter 2024 Results on November 14, 2023

Rhea-AI Summary
Moving iMage Technologies (NYSE American: MITQ) will report financial and operational results for its first quarter fiscal 2023 on November 14, 2023. The earnings release will be posted at roughly 7:00 a.m. Eastern Time and accessible through the Company’s investor relations website. Dial-in and webcast information is provided for participants.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.95%
Tags
conferences earnings
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News

Moving iMage Technologies Announces Completion of First Full Cinema Complex Equipped with LEA Professional Smart Power Amplifiers

Rhea-AI Summary
Moving iMage Technologies (NYSE American: MITQ) announced that the Alamo Drafthouse South Lamar in Austin, Texas fully equipped its cinema with LEA Professional smart power amplifiers during its recent remodel.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.23%
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none
News

Moving iMage Technologies (MiT) Announces 10b5-1 Stock Trading Plan

Rhea-AI Summary
Moving iMage Technologies (MITQ) has entered into a 10b5-1 stock trading plan to facilitate its $1 million share repurchase program. Through June 30, 2023, the company has repurchased approximately 273,000 shares for $303,000, leaving $697,000 available for future repurchases. The stock trading plan allows for repurchases during blackout periods, expanding the number of days available for repurchases from 90 to 250 days annually.
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End-of-Day
9.2%
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News

Moving iMage Technologies Announces Participation in the LD Micro Main Event XVI

Rhea-AI Summary
Moving iMage Technologies (MITQ) to present at LD Micro Main Event XVI on October 3rd at 02:30 PM PT. Event will feature around 200 companies presenting in half-hour increments.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.5%
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none
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News

Moving iMage Technologies Announces Fourth Quarter and Full-Year Fiscal 2023 Results

Rhea-AI Summary
Moving iMage Technologies (MITQ) announces Q4 and full-year 2023 results with double-digit revenue growth and higher gross margin. Pushouts in legacy projects and accounting write-downs negatively impact GAAP operating and net losses. Fiscal 2024 guidance targets low double-digit revenue growth and break-even on a non-GAAP basis. Multiple upside opportunities include ADA compliance product refresh, LEA Professional product sales, Esports order growth, CineQC rollout, and international sales.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.5%
Tags
earnings
News

Moving iMage Technologies to Report Fourth Quarter and Full Year Fiscal 2023 Results on September 26, 2023

Rhea-AI Summary
Moving iMage Technologies (MITQ) will report Q4 and full year fiscal 2023 results on September 26, 2023. Earnings release accessible at https://investors.movingimagetech.com/.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.82%
Tags
conferences earnings

FAQ

What is the current stock price of Moving iMage Technologies (MITQ)?

The current stock price of Moving iMage Technologies (MITQ) is $0.64 as of December 24, 2024.

What is the market cap of Moving iMage Technologies (MITQ)?

The market cap of Moving iMage Technologies (MITQ) is approximately 6.3M.

What does Moving iMage Technologies, Inc. specialize in?

Moving iMage Technologies, Inc. specializes in manufacturing and distributing equipment for the motion picture exhibition industry.

Where is Moving iMage Technologies headquartered?

The company is headquartered in Fountain Valley, California.

What services does Moving iMage Technologies offer?

The company offers custom engineering, systems design, integration and installation, digital technology solutions, and software for theater management.

What is the RYDT Entertainment Systems division?

The RYDT Entertainment Systems division provides turnkey FFE solutions for new constructions and remodels, covering procurement, design, consulting, installation, and project management.

Does Moving iMage Technologies have a global presence?

Yes, the company utilizes a global network of service partners and OEM manufacturers.

What kind of digital technology solutions does Moving iMage Technologies provide?

The company offers digital technology solutions for 3D, digital cinema, and audio-visual integration.

How large is the facility of Moving iMage Technologies?

The company's facility spans 28,000 sq ft.

Does Moving iMage Technologies offer software solutions?

Yes, the company provides software solutions aimed at enhancing operational efficiency and theater management.

What makes Moving iMage Technologies unique?

The company stands out for its comprehensive range of cinema-related products and services, backed by custom engineering and a strong global network.

How can I stay updated with the latest news about Moving iMage Technologies?

You can follow the latest news and developments about Moving iMage Technologies through their official channels and stock market updates.

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Moving iMage Technologies, Inc.

NYSE:MITQ

MITQ Rankings

N/A Ranked by Market Cap
N/A Ranked by Dividends

MITQ Stock Data

6.33M
6.39M
35.42%
2.33%
0.5%
Communication Equipment
Photographic Equipment & Supplies
Link
United States of America
FOUNTAIN VALLEY