Filing Flows › Moving iMAGE Technologies (MITQ) › Q2 FY25
Moving iMAGE Technologies (MITQ) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Feb 13, 2025
Moving iMAGE Technologies (MITQ) reported revenue of $3.4M for the second quarter fiscal 2025 (Q2 FY25), +5% from a year earlier and -34% from the quarter before. Operating margin was -16.3%, net loss $527K (15.3% of revenue).
Moving iMAGE Technologies, Q2 FY25: revenue $3.4M (+5% year over year), operating margin -16.3%, net loss $527K, operating cash flow $70K. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.4M | -34% | +5% |
| Operating profit | −$561K | — | — |
| Net earnings | −$527K | — | — |
| Operating cash flow | $70K | — | — |
What changed
Revenue was $3.4M in Q2 FY25, up 5% year over year and down 34% from the previous quarter.
Gross margin was 27.2%, up 4.0 points from a year earlier. Operating costs exceeded revenue by $561K, an operating margin of -16.3%. Operating expenses fell 6% while revenue rose 5%. The fastest-growing cost line was General & admin (+11%). The quarter ended with a net loss of $527K, wider than the previous quarter's $25K loss.
Operating cash flow was $70K. Non-cash charges added back $18K of depreciation and amortization and $32K of share-based compensation. Working capital and other items added $547K.
Questions
What was Moving iMAGE Technologies' revenue in the second quarter fiscal 2025?
Moving iMAGE Technologies (MITQ) reported revenue of $3.4M for the second quarter fiscal 2025 (Q2 FY25), +5% from a year earlier and -34% from the quarter before.
Was Moving iMAGE Technologies profitable in the second quarter fiscal 2025?
Operating loss was $561K (-16.3% of revenue) and net loss $527K.