MOVING iMAGE TECHNOLOGIES INC. (MITQ) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
17760 NEWHOPE STREET FOUNTAIN VALLEY, CA 92708 |
| State of Incorp. | DE |
| Fiscal Year End | June 30 |
| Industry (SIC) | 3861 - Photographic Equipment and Supplies (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2025 MRQ | 12/31/2024 MRQ | 6/30/2024 | 6/30/2023 | 6/30/2022 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 5,316 | 5,278 | 6,616 | 6,703 | |||
| Cash and cash equivalent | 5,316 | 5,278 | 6,616 | 2,340 | |||
| Short-term investments | 4,363 | ||||||
| Receivables | 749 | 1,048 | 905 | 1,762 | |||
| Inventory, net of allowances, customer advances and progress billings | 2,121 | 3,117 | 4,419 | 4,033 | |||
| Inventory | 2,121 | 3,117 | 4,419 | 4,033 | |||
| Other undisclosed current assets | 202 | 470 | 451 | 864 | |||
| Total current assets: | 8,388 | 9,913 | 12,391 | 13,362 | |||
| Noncurrent Assets | |||||||
| Operating lease, right-of-use asset | 1,206 | 144 | 415 | ||||
| Property, plant and equipment | 21 | 28 | 28 | 22 | |||
| Long-term investments and receivables | 325 | ||||||
| Long-term investments | 325 | ||||||
| Intangible assets, net (including goodwill) | 393 | 422 | 480 | 1,126 | |||
| Goodwill | 287 | ||||||
| Intangible assets, net (excluding goodwill) | 393 | 422 | 480 | 839 | |||
| Other noncurrent assets | 23 | 16 | 16 | 16 | |||
| Total noncurrent assets: | 1,643 | 610 | 939 | 1,489 | |||
| TOTAL ASSETS: | 10,031 | 10,523 | 13,330 | 14,851 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 2,048 | 2,980 | 2,125 | 2,238 | |||
| Accounts payable | 1,642 | 2,261 | 1,507 | 1,583 | |||
| Accrued liabilities | 406 | 719 | 618 | 655 | |||
| Deferred revenue | 1,545 | 3,334 | 3,158 | ||||
| Other undisclosed current liabilities | 206 | 1,833 | 141 | 18 | |||
| Total current liabilities: | 3,799 | 4,813 | 5,600 | 5,414 | |||
| Noncurrent Liabilities | |||||||
| Liabilities, other than long-term debt | 1,037 | 151 | 22 | ||||
| Deferred rent credit | 22 | ||||||
| Operating lease, liability | 1,037 | 151 | |||||
| Total noncurrent liabilities: | 1,037 | 151 | 22 | ||||
| Total liabilities: | 4,836 | 4,813 | 5,751 | 5,436 | |||
| Equity | |||||||
| Equity, attributable to parent | 5,195 | 5,710 | 7,579 | 9,415 | |||
| Additional paid in capital | 12,003 | 11,965 | 12,462 | 12,500 | |||
| Accumulated deficit | (6,808) | (6,255) | (4,883) | (3,085) | |||
| Total equity: | 5,195 | 5,710 | 7,579 | 9,415 | |||
| TOTAL LIABILITIES AND EQUITY: | 10,031 | 10,523 | 13,330 | 14,851 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 TTM | 6/30/2024 | 6/30/2023 | 6/30/2022 | ||
|---|---|---|---|---|---|---|
| Revenues | 18,932 | 20,139 | 20,207 | 18,351 | ||
| Cost of revenue (Cost of Product and Service Sold) | (14,519) | (15,456) | (14,897) | (13,890) | ||
| Gross profit: | 4,413 | 4,683 | 5,310 | 4,461 | ||
| Operating expenses | (6,152) | (6,240) | (7,285) | (6,223) | ||
| Operating loss: | (1,739) | (1,557) | (1,975) | (1,762) | ||
| Nonoperating income | 170 | 185 | 177 | 417 | ||
| Interest and debt expense | 705 | |||||
| Loss from continuing operations before equity method investments, income taxes: | (1,569) | (1,372) | (1,798) | (640) | ||
| Other undisclosed loss from continuing operations before income taxes | (705) | |||||
| Loss from continuing operations: | (1,569) | (1,372) | (1,798) | (1,345) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (1,345) | |
| Net loss: | (1,569) | (1,372) | (1,798) | (1,345) | ||
| Other undisclosed net loss attributable to parent | (1) | |||||
| Net loss available to common stockholders, diluted: | (1,569) | (1,372) | (1,799) | (1,345) | ||
Comprehensive Income ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 TTM | 6/30/2024 | 6/30/2023 | 6/30/2022 | ||
|---|---|---|---|---|---|---|
| Net loss: | (1,569) | (1,372) | (1,798) | (1,345) | ||
| Comprehensive loss, net of tax, attributable to parent: | (1,569) | (1,372) | (1,798) | (1,345) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.