Reported Q: Q1 2025 Rev YoY: -20.8% EPS YoY: -106.1% Move: -0.83%
Moving iMage Technologies
MITQ
$0.680 -0.83%
Exchange AMEX Sector Technology Industry Communication Equipment
Q1 2025
Published: Nov 14, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for MITQ

Reported

Report Date

Nov 14, 2024

Quarter Q1 2025

Revenue

5.25M

YoY: -20.8%

EPS

0.00

YoY: -106.1%

Market Move

-0.83%

Previous quarter: Q4 2024

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Earnings Highlights

  • Revenue of $5.25M down 20.8% year-over-year
  • EPS of $0.00 decreased by 106.1% from previous year
  • Gross margin of 26.1%
  • Net income of -25.00K
  • ""I'm encouraged by the progress we've achieved in our first quarter of fiscal 2025, particularly as the industry begins to rebound from the challenges posed by the Hollywood strikes over the past year."" - Phil Rafnson
MITQ
Company MITQ

Executive Summary

MITQ reported Q1 2025 revenue of $5.25 million, down 20.8% year over year and 17.3% sequentially, with a gross margin of 26.1% and an operating loss of $68 thousand. The quarter featured ongoing industry volatility from Hollywood strikes in the prior year, but management signaled a reset and early signs of a box-office resurgence that could support a longer-term upgrade cycle in cinema technology. The company completed meaningful cost reductions, delivering flat operating expenses versus the prior year and breakeven EPS despite a difficult year-ago comparator. Management is prioritizing revenue growth through the technology refresh cycle, LEA Professional distribution in cinema markets, and new growth avenues in Esports and E-Caddy. A leadership transition positions Francois Godfrey as President & COO, with a plan to share a medium-term growth plan in the February earnings call. The near-term outlook remains cautious due to seasonality in Q2 and the uncertain pace of order flow, but the long-run opportunity set appears favorable if the upgrade cycle and new initiatives scale as anticipated.

Key Performance Indicators

Revenue
Decreasing
5.25M
QoQ: -17.28% | YoY: -20.84%
Gross Profit
Decreasing
1.37M
26.12% margin
QoQ: -3.99% | YoY: -24.57%
Operating Income
Decreasing
-68.00K
QoQ: 85.25% | YoY: -117.71%
Net Income
Decreasing
-25.00K
QoQ: 93.99% | YoY: -105.69%
EPS
Decreasing
0.00
QoQ: 93.70% | YoY: -106.08%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2026 5.58 0.05 -12.1% View
Q3 2025 3.57 -0.02 -8.2% View
Q2 2025 3.44 -0.05 +5.4% View
Q1 2025 5.25 0.00 -20.8% View
Q4 2024 6.35 -0.04 +10.0% View