Thu, May 15, 1:49 PM (65 days ago)
**Moving Image Technologies, Inc. (MITQ) Q1 2025 Financial Summary** **Financial Health and Performance:** - **Revenue:** Q1 2025 revenue was $3,571,000, an 8.2% decrease from Q1 2024 ($3,890,000) due to higher one-time sales in the previous year. - **Gross Profit:** Gross profit increased by $387,000 (57.2%) to $1,063,000 in Q1 2025, with a gross margin of 29.8% compared to 17.4% in Q1 2024. - **Operating Expenses:** Total operating expenses were $1,333,000 in Q1 2025, slightly higher than $1,325,000 in Q1 2024. - **Net Loss:** Net loss decreased by $361,000 to $240,000 in Q1 2025, compared to $601,000 in Q1 2024. **Cash Flow:** - **Operating Activities:** Net cash provided by operating activities was $91,000 in Q1 2025, a significant improvement from $(324,000) in Q1 2024. - **Investing Activities:** No cash used in investing activities in Q1 2025, compared to $(12,000) in Q1 2024. - **Financing Activities:** No cash used in financing activities in Q1 2025, compared to $(334,000) in Q1 2024 for share repurchases. **Trends and Uncertainties:** - **COVID-19 Impact:** The company continues to face challenges due to the COVID-19 pandemic, including supply chain delays, inflationary pressures, and labor shortages. - **Industry Recovery:** The cinema industry is still recovering, with a majority of theaters open but facing competition from streaming platforms. - **Future Operations:** The company plans to invest in sales and support operations, target new customers, and promote brand awareness. They aim to maintain gross margins by focusing on increased sales volume and reducing operating costs. **Management's Outlook:** - **Cash Preservation:** The company believes it has sufficient cash to sustain operations for at least 12 months. - **Growth Opportunities:** The company is evaluating opportunities to expand operations and expects continued decreases in total operating expenses. - **Risk Factors:** The company faces risks related to economic conditions, customer order levels, competition, and technological changes. **Stock Performance:** - **Share Price:** The weighted average share price has fluctuated, with options granted at varying exercise prices. - **Stock Repurchases:** No share repurchases were made in Q1 2025, compared to 418,745 shares repurchased in Q1 2024. **Conclusion:** Moving Image Technologies, Inc. showed improved financial performance in Q1 2025, with increased gross profit and reduced net loss. However, the company continues to face industry challenges and uncertainties. Management is focused on growth opportunities and maintaining financial stability.