MOVING iMAGE TECHNOLOGIES INC. MITQ
The Company was incorporated in June 2020 initially named MiT Acquisition Corporation, which was changed to Moving iMage Technologies, Inc. in September 2020. In connection with our initial public offering, in July 2021, the holders of Moving iMage Technologies, LLC exchanged their interests for shares of the Company resulting in Moving iMage Technologies, LLC to become the Company's wholly owned subsidiary. Moving iMage Technologies, LLC, commenced operations in September 2003, and its wholly owned subsidiary, MiT Acquisition Co., LLC, acquired all of the assets of Caddy Products in July 2019.
We are a key provider of technology, products, and services to movie theater operators and sports and entertainment venues.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $18.1M | $20.1M | $20.2M | $18.4M | $7.2M | — |
| Cost of revenue | $13.6M | $15.5M | $14.9M | $13.9M | $5.6M | — |
| Gross profit | $4.6M | $4.7M | $5.3M | $4.5M | $1.7M | — |
| R&D | $203.0K | $277.0K | $261.0K | $238.0K | $152.0K | — |
| SG&A | $3.6M | $3.5M | $4.4M | $3.6M | $1.6M | — |
| Total operating expenses | $5.7M | $6.2M | $7.3M | $6.2M | $3.2M | — |
| Operating income | -$1.1M | -$1.6M | -$2.0M | -$1.8M | -$1.6M | — |
| Pre-tax income | -$948.0K | -$1.4M | -$1.8M | -$1.3M | -$645.0K | — |
| Income tax | $0 | $0 | — | — | — | — |
| Net income | -$948.0K | -$1.4M | -$1.8M | -$1.3M | -$645.0K | — |
| EPS, basic | -0.10 | -0.13 | -0.16 | -0.13 | -0.11 | — |
| EPS, diluted | — | -0.13 | -0.16 | -0.13 | -0.11 | — |
| Shares, diluted (wtd. avg.) | 9.9M | 10.5M | 10.9M | 10.6M | 5.6M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | — | $5.3M | $6.6M | $2.3M | $1.3M | $1.1M |
| Short-term investments | — | — | — | $4.4M | — | — |
| Receivables | $1.5M | $1.0M | $905.0K | $1.8M | $454.0K | — |
| Inventory | $2.1M | $3.1M | $4.4M | $4.0M | $1.5M | — |
| Total current assets | $9.4M | $9.9M | $12.4M | $13.4M | $3.4M | — |
| Property, plant and equipment | $15.0K | $28.0K | $28.0K | $22.0K | $21.0K | — |
| Goodwill | — | — | — | $287.0K | $287.0K | — |
| Other intangibles | $364.0K | $422.0K | $480.0K | $839.0K | $935.0K | — |
| Total assets | $10.9M | $10.5M | $13.3M | $14.9M | $5.7M | — |
| Accounts payable | $3.0M | $2.3M | $1.5M | $1.6M | $1.9M | — |
| Short-term debt | — | — | — | $237.0K | — | — |
| Total current liabilities | $5.1M | $4.8M | $5.6M | $5.4M | $4.7M | — |
| Long-term debt | — | — | — | $1.7M | — | — |
| Total liabilities | $6.0M | $4.8M | $5.8M | $5.4M | $6.5M | — |
| Retained earnings | -$7.2M | -$6.3M | -$4.9M | -$3.1M | -$1.7M | — |
| Total equity | $4.9M | $5.7M | $7.6M | $9.4M | -$729.0K | $101.0K |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | $437.0K | -$796.0K | $269.0K | -$3.4M | -$1.7M | — |
| Depreciation and amortisation | $13.0K | $12.0K | $9.0K | $19.0K | $132.0K | — |
| Stock-based compensation | — | $66.0K | $146.0K | $245.0K | — | — |
| Capital expenditure | $0 | $12.0K | $15.0K | $20.0K | $2.0K | — |
| Investing cash flow | $0 | -$12.0K | $4.3M | -$5.0M | $548.0K | — |
| Financing cash flow | $0 | -$530.0K | -$304.0K | $9.4M | $1.4M | — |
| Buybacks | $0 | $530.0K | $304.0K | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-25-029934.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | — | $7.2M | $18.4M | $20.2M | $20.1M | $18.1M |
| Gross profit | — | $1.7M | $4.5M | $5.3M | $4.7M | $4.6M |
| Net income | — | -$645.0K | -$1.3M | -$1.8M | -$1.4M | -$948.0K |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Director nominations Dates and mechanics for shareholders proposing directors. Item 5.08
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
- Regulation FD disclosure Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 3861
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|---|---|---|---|---|
| IMAX | IMAX CORP | $2.93B | 84.7x | 16.5% |
| KODK | EASTMAN KODAK CO | $916.3M | — | 2.5% |
| GPRO | GoPro, Inc. | $159.4M | — | -18.7% |