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0.00404858299595143 0.00404858299595143 0.0173352019101007 0.00892764455517497 0.00072666874286311 -0.0229419703103914 -0.0416277379840133 0.00755008823834732
Stock impact report

MITQ Q4 Loss Narrows Y/Y, Laser & LED Upgrades Aids [Yahoo! Finance]

Moving iMage Technologies, Inc. (MITQ) 
Company Research Source: Yahoo! Finance
4 cents per share in the prior-year quarter, thanks to significant expense reductions. The company posted revenues of $5.9 million, a 7.3% decline from $6.4 million in the year-ago period, primarily reflecting reduced customer project activity. Gross profit fell to $1.2 million versus $1.4 million last year, with gross margin narrowing to 20.4% from 22.5%. Net loss narrowed to $0.2 million from $0.4 million in the prior-year quarter. Fiscal 2025 Update For the full year, revenues decreased 9.9% to $18.2 million from $20.1 million, while the net loss narrowed to $1 million from $1.4 million, aided by a 9.4% drop in operating expenses. MiT incurred a net loss of 10 cents per share, narrower than a loss of 13 cents per share in fiscal 2024. Other Key Business Metrics Expense discipline remained a defining factor in the quarter. Operating expenses declined 26.5% year over year in the fiscal fourth quarter to $1.4 million, driven by reduced selling, marketing, and administrativ Show less Read more
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