Moving iMage Technologies(MITQ) - 2025 Q2 - Quarterly Results

Revenue Growth - Revenue for the second quarter increased to $3,441,000 compared to$3,265,000, representing a year-over-year growth of approximately 5.4%[4] - Gross profit improved to $936,000 with a gross margin of 27.2$759,000 in the previous year[8] - Operating loss narrowed to ($561,000) from ($830,000), indicating a reduction in losses[8] - Net loss decreased to ($527,000) with a loss per share of ($0.05), compared to a net loss of ($794,000) and a loss per share of ($0.07) in the prior year[8] Financial Position - The company held cash of $5,316,000 as of December 31, 2024, an increase from$5,278,000 at the end of the previous fiscal year[10] - Total current liabilities decreased to $3,799,000 from$4,813,000, indicating improved financial management[10] Market Trends - The holiday box office saw a more than 40% surge compared to the previous year, indicating a strengthening cinema industry[3] - The company is increasing marketing activities to capture improved demand for its offerings as the industry recovers[3] - Multiple orders were secured for technology upgrades, including laser projectors and Dolby Atmos solutions, reflecting growing confidence among theater owners[2] Future Outlook - The company aims to achieve higher, more consistent revenue growth and profitability in its core business to support future growth initiatives[3]