Revenue Performance - Q3'25 revenue decreased by 8.2% to 3.890M in Q3'24, primarily due to customer delays in project commencement [4]. - Q4'25 revenue is expected to be approximately 387K to 676K in Q3'24, reflecting a focus on higher margin projects [4]. - Q3'25 gross margin percentage improved to 29.8% from 17.4% in Q3'24 due to the absence of lower margin revenue [4]. - Q3'25 operating loss improved to (649K) in Q3'24, mainly due to gross margin improvement [4]. - Q3'25 net loss improved to (0.02) per share, compared to (0.06) per share in Q3'24 [4]. Financial Position - Net cash remained steady at 0.54 per common share, with no long-term debt as of March 31, 2025 [4]. - The company has built a base of 9M in largely recurring annual revenue, with a solid pipeline of contracted projects [7]. Business Development - Recent business wins include a $9M projector technology refresh contract over three years for a long-term exhibition customer [6]. - The company is focused on controlling overhead, product and service margins, and investment pace to achieve positive cash flow and profitability [7].
Moving iMage Technologies(MITQ) - 2025 Q3 - Quarterly Results