24/7 Market News Snapshot 20 June, 2025 – Moving iMage Technologies, Inc. (NYSE:MITQ)

June 20, 2025

DENVER, Colo., 20 June, 2025 (www.247marketnews.com) – (NYSE:MITQ) are discussed in this article.
Moving iMage Technologies, Inc. (MITQ) is experiencing a remarkable surge in market activity, with its stock price climbing to $0.896, representing an impressive increase of over 61.99% from the previous close of $0.553. This dramatic rise has been accompanied by a surge in trading volume, reaching 20.71 million shares, indicative of strong investor interest and bullish market sentiment. This technical breakout hints at potential further gains, positioning MITQ as a company to watch closely in the upcoming trading sessions.

In a significant advancement for the company, MITQ has secured a new agreement with a major national cinema exhibition client. This strategic deal involves the sale and installation of 150 advanced Barco laser projectors and various MiT-manufactured equipment, including pedestals and automation systems. The anticipated revenue from this partnership is projected to be around $9 million, expected to be recognized evenly over the next three fiscal years starting in FY26. The initial installations are set to begin in the fall, strategically aligning with the busy 2025 holiday film season.

Francois Godfrey, President of MITQ, conveyed his excitement about the continuation of the company’s significant relationship with this cinema exhibition client. He emphasized the agreement’s role in delivering innovative solutions that enhance customer experience and improve operational efficiency. Upgrading to laser projection technology not only elevates visual quality but also leads to reduced operational costs, representing a forward-looking step for clients in the industry.

In echoing this sentiment, Joe Demeo, Director of Sales for Cinema, North America at Barco, underscored the benefits of laser projection, highlighting its reliability and efficiency. He noted MiT’s vital role in advocating for this technology, indicating that together, they are set to enhance the moviegoing experience significantly. This partnership reflects a critical shift in the cinema industry towards advanced, sustainable technologies, as it looks to redefine entertainment offerings for audiences.

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