- Moving iMage Technologies (MITQ, Financial) reported Q3 2025 revenue of $3.57 million, an 8.2% decline from the previous year.
- The company achieved a gross profit increase to $1.06 million, improving the gross margin to 29.8%.
- MITQ maintained a strong cash position of $5.4 million with no long-term debt.
Moving iMage Technologies (MITQ) announced its financial results for the third quarter of fiscal year 2025, reporting a revenue of $3.57 million. This represents an 8.2% decrease compared to the same quarter in 2024, primarily attributed to customer delays in project commencements which are anticipated to recover later in Q4 2025 or FY 2026.
Despite the decline in revenue, MITQ demonstrated significant improvements in profitability metrics. The gross profit advanced to $1.06 million, up $387,000 from the previous year, resulting in a gross margin growth to 29.8% from 17.4%. This improvement was driven by the company's strategic focus on higher-margin opportunities and the removal of lower-margin cinema equipment sales from their portfolio.
The operating loss was reduced significantly to $270,000, down from $649,000 in Q3 2024. Similarly, net losses decreased to $240,000, or $0.02 per share, compared to $601,000, or $0.06 per share, in the previous year.
Crucially, MITQ maintained a robust cash balance of $5.4 million, equating to about $0.54 per share, and continues to operate without any long-term debt. This financial stability positions the company well to navigate project delays and uncertainties in the economic climate.
Among its recent accomplishments, MITQ secured a significant $9 million contract for a projector technology refresh, which will be executed over three years. Additionally, the company was selected to design and implement a state-of-the-art, seven-screen theater complex at Cannon Beach in Arizona.
Looking ahead, MITQ anticipates revenue for Q4 2025 of approximately $5.2 million, acknowledging the shifts in project timelines into FY 2026. The company remains confident in its long-term potential, bolstered by a sturdy base of $8 to $9 million in largely recurring annual revenue and a pipeline of projects expected to materialize in the coming fiscal year.
