Amen on the MITQ call. I also clicked on the PR link and it took me to an old replay. And this was a corrected PR like you said. They should fire their investor relations firm immediately.
I joined the call late after that mishap. Sounded like they mostly read through the PR and there were no questions. Think they said something about some cost cuts ($600K worth?) that will help fiscal 2025. But I get the impression they'll be around breakeven for awhile. Very tough Q1 comp coming up too. But then should be set up for favorable comps in Q2 & Q3.
This one still has low float potential to shoot higher. But I'm in no rush to add after today's report/CC. At least they've got some strong tailwinds at their back. The news last week about $2.2 BILLION being spent over the next 3 years on theater upgrades...bodes extremely well for MITQ...would be hard to screw things up...but including an accurate link to your conference call seemed pretty easy too.
MITQ presenting at LD Micro in a couple weeks. Interesting blurb from management in today's PR...hopefully others will agree-
Joe Delgado, Executive Vice President of Sales and Marketing, stated: "We look forward to introducing our new corporate presentation and updating investors on both the status of the recovery in the cinema industry post-actors'/writers' strikes and our exciting new, high margin, recurring revenue initiatives that we believe will drive our growth over the next several years. We believe that our current valuation, trading below cash with no debt ,is extremely compelling and we look forward to making our case to investors at the Main Event."
Also it looks like they switched from Business Wire to Newsfile for their PRs.
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