Moving iMage Technologies Inc, a provider of entertainment technology and services, announced its third-quarter results for the period ending March 31, 2025. The company reported a revenue of $3.571 million, marking an 8.2% decline compared to $3.890 million in the same quarter of the previous year. This decrease is primarily attributed to customer delays in the start of several projects, which are now anticipated to commence in the latter part of the fourth quarter or in fiscal year 2026. Despite the revenue decline, the company saw improvements in its financial performance. The net loss for the quarter improved to $240,000, compared to a net loss of $601,000 in the third quarter of 2024. Earnings per share were reported at a loss of $0.02, an improvement from a loss of $0.06 per share in the prior year's third quarter. Gross profit for Q3'25 increased to $1.063 million from $676,000 in Q3'24, reflecting a focus on higher-margin projects and products, as well as the absence of lower-margin cinema facilities equipment sales seen in the previous year. Correspondingly, the gross margin percentage improved to 29.8% from 17.4%. Operating loss also showed improvement, reducing to $270,000 from $649,000 in Q3'24. The company's net cash position remained stable at $5.4 million with no long-term debt as of the end of the quarter. Moving Image Technologies is focused on building its project pipeline, reducing expenses, and preserving cash in light of current economic uncertainties impacting customer spending decisions. The company remains optimistic about the longer-term business potential in the cinema technology sector, particularly with the anticipated replacement cycle of legacy cinema projectors and sound systems with advanced laser projectors and updated sound systems in the coming years.