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Stock impact report

Moving iMage Technologies Announces First Quarter Fiscal 2025 Results [Yahoo! Finance]

Moving iMage Technologies, Inc. (MITQ) 
Company Research Source: Yahoo! Finance
and services company for cinema, Esports, stadiums, arenas and other out-of-home entertainment venues, today announced results for its first quarter ended September 30, 2024. Phil Rafnson, Chairman and Chief Executive Officer of MiT commented: "Our first fiscal quarter delivered promising results, underscoring a positive shift in the industry. The combined impact of a robust summer box office and a critical technology upgrade cycle has provided theaters with the confidence to start releasing budgets to invest in premium technologies. We successfully fulfilled orders for high-end solutions including immersive audio systems, laser projection upgrades and our own proprietary products, reinforcing our commitment to excellence. "With the strikes now behind us, the industry demonstrated remarkable resilience propelled by a strong domestic box office performance this summer. As we move into the holiday season, momentum is clearly building. Major players like AMC, Regal and Cinemark are Show less Read more
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