Moving iMage Technologies Announces Second Quarter Fiscal 2024 Results [Yahoo! Finance]
Moving iMage Technologies, Inc. (MITQ)
Company Research
Source: Yahoo! Finance
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, 2023. "As expected, our second quarter results were down versus last year, reflecting the end to the Shuttered Venue Operators Grant, or SVOG, spending and the impact of the writers' and actors' strikes, which negatively impacted the box office and our customers' ability to build budgets for 2024," said Phil Rafnson, chairman and chief executive officer, MiT. "As a result of these delays, we saw no major projects move forward during the quarter, however, we did see continued benefits from the ongoing technology upgrade cycle." Second Quarter Highlights (Fiscal 2024 versus Fiscal 2023) Revenue decreased 32.6% to $3.3 million compared to $4.8 million; Gross Profit decreased to $0.8 million compared to $1.3 million; Gross Margin of 23.2%; GAAP Operating Loss of ($0.8) million compared to ($0.1) million; GAAP N
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- Moving iMage Technologies (MiT) Announces Stock Repurchase Program and 10b5-1 Stock Trading PlanBusiness Wire
- Moving iMage Technologies, Inc. (AMEX:MITQ) Q2 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Moving iMage Technologies Announces Second Quarter Fiscal 2024 ResultsBusiness Wire
- Moving iMage Technologies to Report Second Quarter Fiscal 2024 Results on February 14, 2024 [Yahoo! Finance]Yahoo! Finance
MITQ
Sec Filings
- 4/2/24 - Form 8-K
- 3/14/24 - Form 8-K
- 3/5/24 - Form 8-K
- MITQ's page on the SEC website