Moving iMage Technologies, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended December 31, 2023
February 14, 2024 at 07:00 am
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Moving iMage Technologies, Inc. reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was USD 3.27 million compared to USD 4.84 million a year ago. Net loss was USD 0.794 million compared to net income of USD 0.046 million a year ago. Basic loss per share from continuing operations was USD 0.07. Diluted loss per share from continuing operations was USD 0.07.
For the six months, sales was USD 9.9 million compared to USD 10.7 million a year ago. Net loss was USD 0.355 million compared to USD 0.049 million a year ago. Basic loss per share from continuing operations was USD 0.03. Diluted loss per share from continuing operations was USD 0.03.
Moving iMage Technologies, Inc. is a manufacturer and integrator of purpose-built technology solutions and equipment to support a variety of entertainment applications, with a focus on motion picture exhibitions, sports venues and e-sports. The Company offers a range of services to movie theater operators and other critical screening and viewing rooms. The Company offers a range of products and services, including custom engineering, systems design, integration and installation, enterprise software solution, digital cinema, A/V integration, as well as customized solutions for entertainment technology. The Company's Caddy Products division designs and sells proprietary cup-holders and other seating-based products and lighting systems for theaters and stadiums. It also offers CineQC, a quality assurance and remote access software solution meant to enhance cinema operations. It also resells third-party products as part of its project management services or a la carte.
MOVING IMAGE TECHNOLOGIES, INC. 