MITQ Earnings Prediction
The chart below shows how MITQ performed 10 days before and after its earnings report, based on data from the past quarters. Typically, MITQ sees a -1.75% change in stock price 10 days leading up to the earnings, and a -8.02% change 10 days following the report. On the earnings day itself, the stock moves by +1.55%. This data can give you a slight idea of what to expect for the next quarter's release.
MITQ Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
3.89M
3.98%
19.14%
Gross Margin
17.38%
-37.59%
-25.25%
Operating Margin
-16.68%
18.63%
-34.38%
Net Margin
-15.45%
36.36%
-36.47%
EPS
-0.06
-50.00%
-14.29%
No Data Available
MITQ Earnings Analysis
Moving iMage Technologies, Inc. Corporation (MITQ.A) Earnings Conference Call
Positive
Revenue Increase Analysis: Revenue increased by 4% to $3.9 million compared to last year.
Gross Profit Margin Performance: The company reported a gross profit margin of 17.4% in the quarter, reflecting strong operational performance.
Strong Liquidity Position: Cash and cash equivalents were $5.9 million at the end of the third quarter, indicating solid liquidity.
Market Position Enhancement: The company successfully completed testing with the top 5 cinema circuits, enhancing its market position.
New Product Growth Potential: The introduction of new products, including the E-caddy concept, is expected to drive significant growth in the upcoming year.
Negative
Gross Profit Decline: Gross profit decreased to $0.7 million from $1 million last year, indicating a significant decline in profitability.
Gross Margin Decline: Gross margin was down 1050 basis points to 17.4% in the quarter, resulting from an unfavorable product mix due to an order to resell seats, which had a low double-digit gross margin.
Operating Loss Increase: GAAP operating loss was $0.6 million versus a loss of $0.4 million last year, demonstrating worsening financial performance.
Increased Net Loss Per Share: Both GAAP and non-GAAP net loss was $0.6 million or $0.06 per share versus GAAP and non-GAAP net loss of $0.4 million and $0.04 per share last year, indicating increased losses per share.
Revenue and Margin Decline: We expect revenue and gross margin to be down in fiscal Q4 as we complete the remainder of the order to resell the seats, reflecting ongoing challenges.
MITQ FAQs
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MITQ Earning Call Sentiment
Moving iMage Technologies, Inc. (MITQ) Q3 2024 Earnings Call Transcript
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00:00
00:00
MITQ.A
-3.4%Positive
The earnings call reveals declining financial performance, with a 21% revenue drop and reduced margins. Despite optimistic guidance and strategic initiatives, there are significant risks, including industry recovery challenges, competitive pressures, and leadership transition risks. The lack of a share repurchase program and flat operating expenses further dampen sentiment. The absence of a Q&A session limits additional insights. These factors suggest a negative stock price movement.