M
MOVING iMAGE TECHNOLOGIES INC.
MITQCIK 0001770236NYSEEmerging GrowthPhotographic Equipment & SuppliesDelawareFY ends Jun 30
Period
FY 2025
Revenue
—
Net Income
$-948.0K
Total Assets
$10.89M
Equity
$4.86M
Shares Out
9.95M
Op. Cash Flow
$437.0K
Business
MOVING iMAGE TECHNOLOGIES INC. provides technology, products and services to movie theater operators and sports and entertainment venues, focusing on design, integration, installation and project management for new builds, refurbishments and upgrades. It offers proprietary and third‑party products and solutions including ADA‑compliant accessibility devices, cinema projectors and media servers, audio systems, LED lighting and power management, Direct View LED screens, and enterprise software like CineQC. Key business activities include product design and manufacturing, technical services, project management and FF&E delivery, and software/SaaS offerings. The company sells directly to exhibitors and through domestic and international value‑added resellers to theater owners and venue operators globally.
Summary from filing dated 2025-09-26
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Net sales | 18 | 20 | — | — | — | |
| Cost of goods sold | 14 | 15 | — | — | — | |
| Gross profit | 5 | 5 | 5 | 4 | 2 | |
| Research and development | 203,000 | 277,000 | 261,000 | 238,000 | 152,000 | |
| Selling and marketing | 2 | 2 | 3 | 2 | 1 | |
| General and administrative | 4 | 4 | 4 | 4 | 2 | |
| Total operating expenses | 6 | 6 | 7 | 6 | 3 | |
| Operating (loss) | −1 | −2 | −2 | −2 | −2 | |
| Unrealized gain on marketable securities | 0 | 0 | — | — | — | |
| Interest and other income, net | 138,000 | 185,000 | — | — | — | |
| Total other income | 138,000 | 185,000 | 177,000 | −417,000 | −916,000 | |
| Net (loss) | −948,000 | −1 | — | — | — | |
| Weighted average shares outstanding: basic and diluted (Note 4) (in shares) | 10 | 10 | 11 | 11 | 6 | |
| Net (loss) income per common share basic and diluted (in dollars per share) | −0.1 | −0.13 | −0.16 | −0.13 | −0.11 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-07-31 |
|---|---|---|---|---|---|---|
| Cash | 6 | 5 | 7 | 2 | — | |
| Accounts receivable, net | 1 | 1 | 905,000 | 2 | — | |
| Inventories, net | 2 | 3 | 4 | 4 | — | |
| Prepaid expenses and other | 162,000 | 470,000 | 451,000 | 864,000 | — | |
| Total Current Assets | 9 | 10 | 12 | 13 | — | |
| Right-of-use asset | 1 | 144,000 | 415,000 | — | — | |
| Property and equipment, net | 15,000 | 28,000 | 28,000 | 22,000 | — | |
| Intangibles, net | 364,000 | 422,000 | — | — | — | |
| Other assets | 15,000 | 16,000 | 16,000 | 16,000 | — | |
| Total Long-Term Assets | 1 | 610,000 | 939,000 | 1 | — | |
| Total Assets | 11 | 11 | 13 | 15 | — | |
| Accounts payable | 3 | 2 | 2 | 2 | — | |
| Accrued expenses | 362,000 | 320,000 | 618,000 | 655,000 | — | |
| Customer refunds | 379,000 | 399,000 | — | — | — | |
| Customer deposits | 1 | 2 | — | 3 | 1 | |
| Lease liabilitycurrent | 227,000 | 151,000 | 280,000 | — | — | |
| Unearned warranty revenue | 35,000 | 31,000 | — | — | — | |
| Total Current Liabilities | 5 | 5 | 6 | 5 | — | |
| Lease liabilitynon-current | 918,000 | 0 | 151,000 | — | — | |
| Total Long-Term Liabilities | 918,000 | 0 | 151,000 | 22,000 | — | |
| Total Liabilities | 6 | 5 | 6 | 5 | — | |
| Common stock, $0.00001 par value, 100,000,000 shares authorized, 9,939,080 and 9,896,850 shares issued and outstanding at June 30, 2025 and June 30, 2024, respectively | 0 | 0 | — | — | — | |
| Additional paid-in capital | 12 | 12 | 12 | 13 | — | |
| Accumulated deficit | −7 | −6 | −5 | −3 | — | |
| Total Stockholders Equity | 5 | 6 | 8 | 9 | — | |
| Total Liabilities and Stockholders Equity | 11 | 11 | 13 | 15 | — |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-06-30 | FY 2024 2024-06-30 | FY 2023 2023-06-30 | FY 2022 2022-06-30 | FY 2021 2021-06-30 |
|---|---|---|---|---|---|---|
| Provision for credit losses | −142,000 | 251,000 | 389,000 | −218,000 | 73,000 | |
| Inventory reserve | 307,000 | 522,000 | 149,000 | — | — | |
| Depreciation expense | 13,000 | 12,000 | 9,000 | 19,000 | 132,000 | |
| Amortization expense | 58,000 | 58,000 | — | — | — | |
| Right-of-use amortization | 252,000 | 271,000 | — | — | — | |
| Stock compensation expense | 96,000 | 66,000 | — | — | — | |
| Accounts receivable | −274,000 | −394,000 | 868,000 | −1 | 282,000 | |
| Inventories | 744,000 | 780,000 | −535,000 | −2 | 60,000 | |
| Prepaid expenses and other | 309,000 | −19,000 | 413,000 | 348,000 | −444,000 | |
| Accounts payable | 748,000 | 754,000 | −76,000 | −328,000 | −783,000 | |
| Accrued expenses and customer refunds | 20,000 | 68,000 | — | — | — | |
| Unearned warranty revenue | 4,000 | 5,000 | — | — | — | |
| Customer deposits | −550,000 | −2 | — | — | — | |
| Lease liabilities | −200,000 | −280,000 | −250,000 | — | — | |
| Net cash provided by (used in) operating activities | 437,000 | −796,000 | 269,000 | −3 | −2 | |
| Purchases of property and equipment | 0 | −12,000 | −15,000 | −20,000 | −2,000 | |
| Net cash (used in) investing activities | 0 | −12,000 | 4 | −5 | 548,000 | |
| Share Buyback | 0 | −530,000 | −304,000 | — | — | |
| Net cash (used in) financing activities | 0 | −530,000 | −304,000 | 9 | 1 | |
| Net increase (decrease) in cash | 437,000 | −1 | 4 | 1 | 211,000 | |
| Sharebuyback and cancellation for officer | 0 | 33,000 | — | — | — | |
| Right-of-use assets from new lease | 207,000 | 0 | — | — | — | |
| Right-of-use assets from lease modification | 988,000 | 0 | — | — | — |
Filings
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