From Investing.com: 2024-05-18 17:55:10

Moving Image Technologies (MIT) saw a 4% increase in third-quarter revenue to $3.9 million, with a gross profit of $0.7 million and a gross margin of 17.4%. Hollywood strikes in 2023 impacted film production delays, affecting MIT’s 2024 business. MIT is focusing on higher-margin products and new technologies amid these challenges and is cautiously optimistic about momentum returning in 2025. The company maintains a strong cash position and is actively developing new technologies for live entertainment venues and Esports to drive future growth.



Read more at Investing.com: Moving Image Technologies reports Q3 2024 results By Investing.com