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Re: jtomm post# 113569

Friday, 08/23/2024 11:01:58 AM

Friday, August 23, 2024 11:01:58 AM

Post# of 129715
Anyone still have MITQ? They've quietly racked up 4 pretty nice orders since June-

https://finance.yahoo.com/news/moving-image-technologies-mit-awarded-110000789.html
https://finance.yahoo.com/news/moving-image-technologies-upgrade-alamo-110000871.html
https://finance.yahoo.com/news/moving-image-technologies-upgrade-alamo-130800375.html
https://finance.yahoo.com/news/moving-image-technologies-upgrade-premium-110000873.html

MITQ is a low floater that trades just above cash value. Financial results have been stinky in recent quarters (the stock does trade around .60). And fiscal Q4 due next month prob more of the same. They said back on the Q3 CC in May, that Q4 would see lower revenues & gross margins. So that's not great. The large order from early June mentioned above could help the end of Q4, but prob not enough to save the quarter. So maybe no rush to buy ahead of what is likely to be meh Q4 numbers at best. BUT there should be plenty of optimism regarding the current quarter (fiscal Q1) given the recent string of orders. Wouldn't take much to push this low floater over $1 before yearend imo. I picked up a few shares and will be accumulating.

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