In Q4 2024, Moving iMage Technologies delivered a revenue contribution of $6.35 million, up 10% year over year and 63% quarter over quarter, bringing the fiscal Q4 revenue to $6.35 million and the full-year 2024 revenue to $20.0 million. Gross profit for the quarter was $1.43 million with a 22.5% gross margin, while the company posted a GAAP net loss of $0.42 million for the quarter and a full-year GAAP net loss of $1.40 million, reflecting the episodic impact of industry-wide Hollywood strikes earlier in the year and a legacy mix that pressured margins. Management underscored ongoing cost discipline, including $600k of annualized expense reductions targeted for fiscal 2025, plus a completed buyback program (approximately 1.0 million shares overall). These actions are designed to improve operating leverage and allow MITQ to break even at a lower revenue threshold (about $21 million, contingent on gross margin). The firm is advancing high-margin recurring revenue initiatives (MiT Translator, CineQC, eCaddy) and growth platforms (eSports, LEA-powered A/V upgrades, and European expansion). The industry backdrop in 2024 improved in June as cinema demand rebounded, with a clear upgrade cycle emerging as projectors/servers age and replacement opportunities rise. While near-term visibility remains tied to cinema spending cycles, MITQ’s diversified product roadmap and capital allocation strategy position it for a path to higher profitability and cash generation as the industry recovers.