MITQ SNDX ORDER NEWS https://finance.yahoo.com/news/moving-image-technologies-announces-first-120000961.html
MSGM GAMING MOMO
Running to $7.....
$MITQ Careful Book value is only $0.95
Could've got $1.22....oh well...Don't see it going back to $1.10....
I picked up 5000 also ....after hours at $1.28...Hopefully this gets a Squeeze on Monday.
Less than 11 mil shares are outstanding. Maybe this was shorted?
Share buy back ? seems to me they're just dumping shares ????
Moving iMage Technologies (MiT) Board of Directors Authorizes $1 Million Share Repurchase Program
FOUNTAIN VALLEY, Calif.--(BUSINESS WIRE)-- Moving iMage Technologies (NYSE: MITQ) (“MiT”), a leading digital cinema technology company, today announced that its Board of Directors authorized a share repurchase program permitting the Company to purchase up to an aggregate of $1 million of common stock over the next 12 months.
“Since coming public last July, our financial performance and fundamentals have steadily improved, while our stock price has not reflected this performance,” said Phil Rafnson, chief executive officer. “With a strong, debt-free balance sheet that had nearly $1 per share in cash as of our most recent earnings report and revenue guidance of 155-169% growth for fiscal 2022, we believe the stock is significantly undervalued. Given this gap in perception, our board of directors has approved a $1 million buyback over the next 12 months.”
Purchases made under the program will be made from time to time, at the Company’s discretion, in the open market, through privately negotiated transactions or through other manners as permitted by federal securities laws. The timing, manner, price and amount of any repurchases will be determined by the Company and will be subject to economic and market conditions, stock price, applicable legal requirements and other factors.
The earnings were great. The $1.50 hits were nice just wondering if it will break ad hold it today.
We got it CJ > going gangbusters!
Hey dawg! > 1.44
Management will host a webcast to review the Company's results and forward expectations. Investors can submit questions ahead of time to firstname.lastname@example.org or ask questions through the webcast portal in real time.
Webcast Date/Time: Tuesday, May 17, 2022, 11:00 a.m. Eastern Time
Webcast Location: https://investors.movingimagetech.com/
Toll Free: 1-844-512-2921
Replay PIN Number: 13730078
Replay Start: Tuesday, May 17, 2022, 2:00 p.m. ET
Replay Expiry: Tuesday, May 31, 2022, 11:59 p.m. ET
.85 to $1.20, not bad for MITQ, something's brewing, mini squeeze!
Classic case of criminal naked shorting. 91 million shares transactions on a sub 10 million outstanding. That's not reasonable supply demand or liquidity by the MMS. Control and naked shorting. Permitted by the sec, but they'll cry a river when their fat cats get hurt as seen on AMC GME. Rigged and dirty.. Stock should have been several dollars up but nope. Caught short plain and simple..
SNDBX promotes, creates and manages exciting gaming and e-Sports leagues for amateur gamers of all ages by partnering with local movie theater operators to use auditoriums to host weekly events. The 10-week leagues include two weeks of playoffs, live coaching and skills sessions conducted by experts, exclusive content and training, theater discounts and prize pack giveaways.
new came out yesterday 4:14PM
MITQ……Moving iMage Technologies Receives Multiple Purchase Orders for Equipment Upgrades
Source: Business Wire
Moving iMage Technologies (NYSE American: MITQ) (“MiT”), a leading digital cinema technology company, today announced it recently received three procurement contracts for upgrades.
These purchase orders are part of a nascent upgrade cycle for aging digital cinema technology and equipment and are fueled by the Shuttered Venue Operators Grant (SVOG) distributed under the Cares Act. The SVOG is an SBA grant assisting eligible venues affected by COVID-19, including motion picture theatre operators. As of November 29, 2021, motion picture operators have received over $1.9 billion in initial funding and $0.6 billion in supplemental funding to help them recover from the impact of COVID-19.
”The SVOG grants are helping facilitate a much-needed upgrade cycle for theatre technologies and amenities that was delayed due to the onset of COVID-19,” said Joe Delgado, executive vice president, sales and marketing for MiT. “We look forward to helping our customer base emerge even stronger from this pandemic by improving the customer experience through technology and comfort upgrades.”
Flix Brewhouse, a growing regional circuit known for its amenities, including in-theatre craft brewing, has given a circuit-wide purchase order to MiT to upgrade its digital cinema media servers from GDC Technologies. The new generation of GDC’s digital cinema media servers are purpose-built servers for secure movie playback and offer higher frame rate capabilities and even streaming support.
Celebration Cinemas, a Michigan regional exhibitor, has given a circuit-wide purchase order for Dolby CP950 audio processors that support Dolby 5.1 and Dolby 7.1 surround sound and include an expansion slot to upgrade to Dolby Atmos sound.
Elvis Cinemas has issued a purchase order for the acquisition and installation of VIP recliners for their Denver, Littleton and Arvada Colorado locations.
About Moving iMage Technologies
Moving iMage Technologies is a leading manufacturer and integrator of purpose-built technology solutions and equipment to support a wide variety of entertainment applications, with a focus on motion picture exhibition. MiT offers a wide 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 emerging entertainment technology. MiT’s Caddy Products division designs and sells proprietary cup-holder and other seating-based products and lighting systems for theaters and stadiums. For more information, visit www.movingimagetech.com.
Moving iMage Technologies (MiT) to Present at Sidoti Virtual Microcap Investor Conference
Source: Business Wire
Moving iMage Technologies (NYSE AMERICAN: MITQ) (“MiT”), a leading digital cinema technology company, today announced Joe Delgado, executive vice president will present and host one-on-one meetings with investors at the Sidoti Virtual Microcap Investor Conference, taking place on December 8-9, 2021.
Presentation Date: December 8, 2021
Presentation Time: 9:45 a.m. ET
Free Registration: www.sidoti.com/events
Live Access: https://sidoti.zoom.us/webinar/register/WN_f5hy-nHmT_WbmYrbtSxpAA
1:1 Meetings: Please sign up for one-on-ones through the Sidoti conference portal or by contacting Brian Siegel from Hayden IR at email@example.com
About Moving iMage Technologies
Moving iMage Technologies is a leading manufacturer and integrator of purpose-built technology and equipment to support a wide variety of entertainment applications, with a focus on motion picture exhibition. MiT offers a wide 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 emerging entertainment technology. MiT’s Caddy Products division designs and sells proprietary cup-holder and other seating-based products and lighting systems for theaters and stadiums. For more information, visit www.movingimagetech.com.
About Sidoti & Company
For over two decades, Sidoti & Company (http://www.sidoti.com) has been a premier provider of independent securities research focused specifically on small and microcap companies and the institutions that invest in their securities, with most of its coverage in the $100 million-$5 billion market cap range. The firm’s approach affords companies and institutional clients a combination of high-quality research, a small- and microcap-focused nationwide sales effort, broad access to corporate management teams, and extensive trading support. Sidoti serves 500+ institutional clients in North America.
View source version on businesswire.com: https://www.businesswire.com/news/home/20211130006088/en/
Investor Relations and Media Contacts:
Brian Siegel, IRC®, M.B.A.
Moving iMage Technologies Announces Strong Results in First Quarter Fiscal 2022
November 11, 2021
Reports year-over-year revenue growth of 98% to $3.5 Million;
Extinguished $3.1 million in debt in the quarter
Backlog of $7.7 million at the end of the quarter
Initiates fiscal 2022 revenue guidance of $12 to $15 million (67% to 108% year-over-year growth)
Moving iMage Technologies, Inc. (NYSE AMERICAN: MITQ), (MiT) a leading digital cinema technology company, today announced results for its first fiscal quarter ended September 30, 2021.
“I’m excited to announce in our first full quarter as a public company we delivered strong year-over-year revenue growth of 98%,” said Phil Rafnson, chairman and chief executive officer. “MiT benefited in the quarter from several tailwinds, including strong signs from consumers and theater operators that we are in the very early stages of recovering from the effects of the pandemic; in addition to a nascent cinema technology upgrade cycle.
“We also successfully completed our IPO, which was upsized and oversubscribed, raising net proceeds of $12.3 million, while also seeing strong bookings in the quarter, which was reflected in our backlog of $7.7 million. Finally, we introduced our ADA-compliant, multi-language translator product, which we believe has disruptive potential from both a product and recurring services perspective and is expected to provide an enhanced cinematic experience to a much broader audience.”
Fiscal First Quarter Highlights (compared to fiscal 2021)
Revenue increased 98% to $3.5 million versus $1.8 million;
GAAP operating loss of ($0.5) million, versus an operating loss of ($0.3) million;
Adjusted operating loss of ($0.4) million versus ($0.3) million;
GAAP Net loss and diluted loss per share of ($0.6) million and ($0.06) versus a net loss and loss per share of ($0.4) million and ($0.07), respectively;
Adjusted net loss and adjusted diluted loss per share was ($0.4) million and ($0.04) versus ($0.4) million and ($0.07), respectively;
Backlog of $7.7 million;
Cash and cash equivalents of $11.0 million.
Fiscal 2022 Commentary
“We believe that fiscal 2021 was a trough year. We used this period to lean out our operations and expand our proprietary product offerings in preparation for the industry’s recovery from the pandemic, and I am encouraged to see industry optimism gaining momentum in recent months. When combined with the billions of dollars in government grants to venue operators, a nascent technology upgrade cycle, new theater construction, theatre upgrades and refurbishment of existing theaters to enhance the overall movie-going experience, I believe we are well-positioned to capitalize on the opportunity ahead. Our relationships within the industry are strong, and we are well-positioned with both the growing small and mid-size theater operators as well as the major circuits, and we believe the first quarter of fiscal 2022 was reflective of this and a sign of even better things to come from both the industry and MiT. As such, we are introducing our initial fiscal 2022 revenue guidance of $12 to $15 million, or 67% to 108% growth over fiscal 2021, and we expect to deliver positive cash flow from operations as well,” concluded Rafnson.
Earnings Announcement and Supplemental Information
MiT’s earnings release will be filed on Form 8-K and posted on the MiT investor relations website (https://investors.movingimagetech.com/) at approximately 4:10 p.m. Eastern on November 11, 2021.
Management will host an earnings webcast beginning at 4:30 p.m. Eastern. Management’s presentation of the results, outlook and strategy will be followed by webcast Q&A with investors.
The call will also be webcast through the investor relations portion of the Company’s website at https://investors.movingimagetech.com/
I thought you said this was a 12.00 stock!!! I'm out! It's done nothing but go down.
I'm in!!!! @2.64!!
This is a $12-$15 stock. No debt, profitable next year, sales up 100% and a float only 7m. A small, only 5x sales is a $7.50 PPS.
MITQ.....No position yet, 10 q out...look at this....
Results of Operations
Three months ended September 30, 2021 compared to year ended September 30, 2020
Three Months Ended September 30,
Net sales increased 97.7% to $3.474 million for the three months ended September 30, 2021 from $1.757 million for the three months ended September 30, 2020 primarily due to the recovery from the impact of COVID-19 on the exhibition industry. Backlog at September 30, 2021 and 2020 was $7.7 million and $9.3 million, respectively. Backlog represents orders expected to be realized in the next 6 months.
Today it's all about traders. Next week investors gradually take MITQ to higher price levels . We may see $5.00+ next week.
Agree, MITQ getting noticed today. Both traders and investors seeing plenty of upside going forward.
Cinemas need to upgrade to state of the art technology and MITQ has it, customers like AMC are now cash loaded, will funnel $ straight to companies like Moving iMage.
Yes, very good fundamental catalysts; It's a keeper!
This is a $12-$15 stock. IPO in July in the $20s. No debt, profitable next year and a float only 7m is being loaded. A small, only 5x sales is a $7.50 PPS.
Skillful trades > The Company offers a range of technical, design and consulting services such as custom engineering, systems design, integration and installation, and digital technology, as well as software solutions for operations enhancement and theatre management. The Company also provides furniture, fixture and equipment services (FF&E), to commercial cinema exhibitors for new construction and remodels, including design, consulting, installation and project management as well as procurement of seats, lighting, acoustical treatments, screens, projection and sound.
A lot of shares changing hands. Too much buying without PPS up much. Flipped for a little. Watching again.
Hell of a Spec play here.
-Shares OS: 10.6m
-Shares Float: 7.2m
-Market Cap: $35m
-Profitable next year
Our relationships within the industry are strong, and we are well-positioned with both the growing small and mid-size theater operators as well as the major circuits, and we believe the first quarter of fiscal 2022 was reflective of this and a sign of even better things to come from both the industry and MiT. As such, we are introducing our initial fiscal 2022 revenue guidance of $12 to $15 million, or 67% to 108% growth over fiscal 2021, and we expect to deliver positive cash flow from operations as well," concluded Rafnson.
Growing sales 100%, even if this would trade at only a 5x sales multiple it’s a $7 PPS.
Got a few myself.
A leading digital cinema technology company going to be cash flow positive and only 10m OS. I’m in..
Extreme premarket volume. Start PPS climb back up.
Nice earnings, low float, was $27 in July. Will be cash flow positive in 2022.
As such, we are introducing our initial fiscal 2022 revenue guidance of $12 to $15 million, or 67% to 108% growth over fiscal 2021, and we expect to deliver positive cash flow from operations as well,” concluded Rafnson.