Moving iMage Technologies Inc. (NYSE American: MITQ) has reported its financial results for the third quarter ending March 31, 2025. The company recorded a revenue of $3.57 million, which reflects an 8.2% decrease compared to $3.89 million in the same quarter of the previous year. This decline is largely attributed to customer delays in several projects expected to commence later in the fourth quarter of 2025 or in fiscal year 2026. Despite the decrease in revenue, the company experienced an improvement in gross profit, which increased by $387,000 to $1.063 million, up from $676,000 in Q3 of the prior year. The gross margin percentage rose to 29.8% from 17.4%, due to the absence of lower margin cinema facilities equipment revenue in the previous year. Moving iMage Technologies also reported a reduction in its operating loss, improving to ($270,000) from ($649,000) in the same quarter last year, principally due to the enhancement in gross margin. The net loss also improved, narrowing to ($240,000) or ($0.02) per share, compared to a net loss of ($601,000) or ($0.06) per share in Q3'24. The company's net cash position remained steady at $5.4 million, with no long-term debt as of March 31, 2025. Looking forward, the company anticipates fourth-quarter 2025 revenue of approximately $5.2 million, citing delays in larger fiscal year 2025 projects that are now expected to shift into fiscal year 2026. Additionally, the company has built a base of $8 million to $9 million in largely recurring annual revenue and maintains a solid pipeline of contracted projects and opportunities in development, many of which are expected to materialize in fiscal 2026 or beyond. Moving iMage Technologies continues to focus on controlling overhead, improving product and service margins, and pacing its investments to remain well positioned for growth opportunities and to achieve positive cash flow and profitability.