Moving iMage Technologies, Inc. Reports Earnings Results for the Full Year Ended June 30, 2023
September 26, 2023 at 04:30 pm IST
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Moving iMage Technologies, Inc. reported earnings results for the full year ended June 30, 2023. For the full year, the company reported sales was USD 20.21 million compared to USD 18.35 million a year ago. Net loss was USD 1.8 million compared to USD 1.35 million a year ago.
Basic loss per share from continuing operations was USD 0.16 compared to USD 0.13 a year ago.
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.