Moving iMage Technologies gains on upbeat outlook

Moving Image Technologies

17/05/2022 16:23

** Shares of cinema projectors and sound systems maker
 MITQ.A  rise 13.5% to $1.18
    ** MITQ raises 2022 revenue forecast to at least $17.5 mln
to 18.5 mln from $14 mln to $16 mln expected previously, citing
positive trends in the theatre industry  urn:newsml:reuters.com:*:nBw10fTCCa
    ** Co's Q3 revenue more than triples to $5.8 mln; MITQ
reports profit of 6 cents per share vs a loss of 3 cents a year
earlier
    ** The Domestic Box Office continues to benefit from early
year tentpoles with over a dozen more potential blockbusters
scheduled to be released before year-end- MITQ


 (Reporting by Amruta Khandekar)
 ((Amruta.Khandekar@thomsonreuters.com;))