Moving iMage Technologies, Inc., a leading digital cinema technology company, today announced results for its third fiscal quarter ended March 31, 2022.
“Robust industry tailwinds combined with our leading market position drove huge growth this quarter,” said Phil Rafnson, chairman and chief executive officer. “In addition to it still being early days in the theater technology upgrade cycle, the Domestic Box Office continues to benefit from early year tentpoles with over a dozen more potential blockbusters scheduled to be released before the end of the year. In addition, the billions of dollars in Shuttered Venue Operations Grant (SVOG) funds are flowing more freely, and our strong proprietary product portfolio and industry leadership position us well to capitalize on these near to mid-term opportunities.”
Source: Moving iMage Technologies Announces 241% Revenue Growth in Third Quarter Fiscal 2022