Moving iMage Technologies (MITQ) reported Q3 FY2024 results with revenue of $3.89 million, up 4% year over year, but produced a negative EBITDA and net income of $0.60 million and a $0.60 per share loss. Gross profit was $0.657 million, yielding a gross margin of 17.4%, down from the prior year due to an unfavorable mix (notably including an order to resell seats with a low-double-digit margin). Management emphasized a deliberate pivot toward higher-margin, scalable growth engines to smooth cyclicality in FF&E projects and lift overall margins as emerging products scale. The company contends that the cinema market remains challenged by industry headwinds from strikes and reduced box office activity in 2024, but remains poised for longer‑term upside through MiTranslator, CineQC, Move Esports, and E‑caddy, complemented by LEA partnership opportunities and ongoing corporate development activity. MITQ closed Q3 with ~$5.95 million in cash and negligible net debt, providing runway to fund R&D and selective project opportunities while the legacy FF&E business recovers with industry normalization. The near-term outlook anticipates continued pressure on revenue and gross margin in Q4 as remaining FF&E seat orders wind down, with several high-margin initiatives expected to expand progressively in 2025 and beyond, subject to cinema industry recovery and the pace of product ramp plans.