The company's financial stability is under pressure as total assets have eroded to $8.8M, while the accumulated deficit in retained earnings has deepened to -$7.2M as of 2026Q3.
| Total Current Assets | 7.54M | 9.41M | 9.91M | 12.39M | 13.36M | 3.35M | 3.54M | 4.49M | 5.32M | 5.11M |
| Cash & Short-Term Investments | 2.36M | 5.71M | 5.28M | 6.62M | 6.7M | 1.27M | 1.06M | 582K | 597K | 604K |
| Cash Only | 2.36M | 5.71M | 5.28M | 6.62M | 2.34M | 1.27M | 1.06M | 582K | 597K | 604K |
| Short-Term Investments | 0 | 0 | 0 | 0 | 4.36M | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.63M | 1.46M | 1.05M | 905K | 1.76M | 454K | 809K | 2.13M | 2.45M | 2.2M |
| Days Sales Outstanding | 28.82 | 29.45 | 18.99 | 16.35 | 35.05 | 22.87 | 18.04 | 38.32 | 35.27 | 38.83 |
| Inventory | 3.18M | 2.07M | 3.12M | 4.42M | 4.03M | 1.53M | 1.59M | 1.68M | 2.2M | 2.26M |
| Days Inventory Outstanding | 68.25 | 55.55 | 73.61 | 108.27 | 105.98 | 100.74 | 48.35 | 40.87 | 40.11 | 52.06 |
| Other Current Assets | 372K | 162K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 230K |
| Total Non-Current Assets | 1.3M | 1.48M | 610K | 939K | 1.49M | 2.38M | 2.17M | 220K | 62K | 58K |
| Property, Plant & Equipment | 966K | 1.1M | 172K | 443K | 22K | 21K | 151K | 32K | 45K | 42K |
| Fixed Asset Turnover | 18.23x | 16.47x | 117.09x | 45.61x | 834.14x | 345.10x | 108.39x | 633.41x | 563.00x | 491.67x |
| Goodwill | 0 | 0 | 0 | 0 | 287K | 287K | 287K | 0 | 0 | 0 |
| Intangible Assets | 320K | 364K | 422K | 480K | 839K | 935K | 1.03M | 0 | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 325K | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 15K | 15K | 16K | 16K | 16K | 1.13M | 698K | 188K | 17K | 16K |
| Total Assets | 8.84M | 10.89M | 10.52M | 13.33M | 14.85M | 5.73M | 5.7M | 4.71M | 5.38M | 5.17M |
| Asset Turnover | 1.84x | 1.67x | 1.91x | 1.52x | 1.24x | 1.26x | 2.87x | 4.30x | 4.71x | 3.99x |
| Asset Growth % | -17.92% | 3.47% | -21.06% | -10.24% | 159.22% | 0.44% | 21.05% | -12.4% | 4.04% | - |
| Total Current Liabilities | 3.23M | 5.11M | 4.81M | 5.6M | 5.41M | 4.73M | 4.52M | 4.8M | 5.25M | 5M |
| Accounts Payable | 1.97M | 3.01M | 2.26M | 1.51M | 1.58M | 1.91M | 2.69M | 2.93M | 3.68M | 3.87M |
| Days Payables Outstanding | 67.98 | 80.91 | 53.39 | 36.92 | 41.6 | 125.5 | 81.72 | 71.05 | 67.15 | 89.02 |
| Short-Term Debt | 252K | 0 | 0 | 0 | 0 | 827K | 519K | 0 | 0 | 0 |
| Deferred Revenue (Current) | 1.85M | 1.1M | 1.68M | 3.19M | 0 | 0 | 854K | 1.08M | 884K | 514K |
| Other Current Liabilities | 628K | 776K | 454K | 411K | 3.23M | 1.4M | 286K | 563K | 458K | 449K |
| Current Ratio | 2.33x | 1.84x | 2.06x | 2.21x | 2.47x | 0.71x | 0.78x | 0.94x | 1.01x | 1.02x |
| Quick Ratio | 1.35x | 1.44x | 1.41x | 1.42x | 1.72x | 0.38x | 0.43x | 0.59x | 0.59x | 0.57x |
| Cash Conversion Cycle | 29.09 | 4.09 | 39.21 | 87.7 | 99.43 | -1.89 | -15.33 | 8.14 | 8.22 | 1.88 |
| Total Non-Current Liabilities | 727K | 918K | 0 | 151K | 22K | 1.73M | 2.15M | 0 | 0 | 8K |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 1.7M | 2.13M | 0 | 0 | 0 |
| Capital Lease Obligations | 3.3M | 918K | 0 | 151K | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | -20K | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 0 | 0 | 0 | 22K | 25K | 20K | 0 | 0 | 8K |
| Total Liabilities | 3.96M | 6.03M | 4.81M | 5.75M | 5.44M | 6.46M | 6.67M | 4.8M | 5.25M | 5.01M |
| Total Debt | 979K | 1.15M | 151K | 431K | 0 | 2.53M | 2.65M | 0 | 0 | 0 |
| Net Debt | -1.38M | -4.57M | -5.13M | -6.18M | -2.34M | 1.26M | 1.59M | -582K | -597K | -604K |
| Debt / Equity | 0.20x | 0.24x | 0.03x | 0.06x | - | - | - | - | - | - |
| Debt / EBITDA | -4.29x | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | 6.07x | - | - | - | - | - | - | - | -1.04x | -3.32x |
| Interest Coverage | - | - | - | - | -32.63x | -1.72x | -2.36x | - | 559.00x | - |
| Total Equity | 4.88M | 4.86M | 5.71M | 7.58M | 9.41M | -729K | -969K | -86K | 126K | 162K |
| Equity Growth % | -26.59% | -14.94% | -24.66% | -19.5% | 1391.5% | 24.77% | -1026.74% | -168.25% | -22.22% | - |
| Book Value per Share | 0.49 | 0.49 | 0.54 | 0.69 | 0.87 | -0.13 | -0.17 | -0.02 | 0.02 | 0.03 |
| Total Shareholders' Equity | 4.88M | 4.86M | 5.71M | 7.58M | 9.41M | -729K | -969K | -86K | 126K | 162K |
| Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 126K | 162K |
| Retained Earnings | -7.21M | -7.2M | -6.25M | -4.88M | -3.08M | -1.74M | 0 | 0 | 0 | 0 |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -434K | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Liquidity erosion from losses
According to reported balance sheet data, total assets have declined from $12.7M in 2024Q3 to $8.8M in 2026Q3, reflecting a persistent erosion of the company's resource base as it struggles to generate sustainable returns on its capital investments amidst a challenging cinema equipment market environment.
The consistent reduction in total assets suggests that the company is shrinking its footprint rather than scaling, which may indicate a lack of viable growth opportunities. Investors should monitor whether this contraction is a strategic downsizing or a forced reaction to the inability to maintain operational scale.
As reported in recent financial statements, MITQ's cash position has dwindled from a peak of $5.9M in 2024Q3 to $2.4M in 2026Q3, representing a substantial reduction in the liquidity buffer available to support ongoing operations and cover persistent negative operating cash flows during this period.
While the current ratio of 2.33 appears healthy on the surface, the rapid depletion of absolute cash reserves warrants caution regarding the company's long-term solvency. The reliance on cash to fund operating losses suggests that the current liquidity position may become strained if the project-based revenue cycle does not improve.
Based on the company's historical filings, the accumulated deficit in retained earnings has deepened to -$7.2M as of 2026Q3, underscoring the long-term impact of persistent operating losses on the firm's equity base and its overall financial stability within the competitive communication equipment industry.
The erosion of equity through consistent net losses highlights the difficulty the company faces in creating shareholder value under its current business model. This trend suggests that the firm's capital base is being consumed by operational inefficiencies rather than being reinvested into high-growth, high-margin product lines.
Analysis of the balance sheet reveals that deferred revenue has fluctuated significantly, dropping from $3.9M in 2024Q3 to just $57K in 2026Q3, which may indicate a sharp decline in the forward-looking project pipeline and a potential lack of visibility into future revenue streams for the firm.
This dramatic reduction in deferred revenue is a critical red flag that suggests the company's future performance may be more volatile than previously anticipated. Investors should investigate whether this drop reflects a fundamental shift in contract structures or a genuine softening in demand for the company's integration services.
Quick answers to the most common questions about buying MITQ stock.
As of 2025, Moving iMage Technologies, Inc. (MITQ) had total assets of $10.9M including $9.4M in current assets.
Moving iMage Technologies, Inc. (MITQ) carries total debt of $1.1M, offset by $5.7M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Moving iMage Technologies, Inc. (MITQ) has total shareholders' equity (book value) of $4.9M ($0.49 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Moving iMage Technologies, Inc. (MITQ) reported a current ratio of 1.84x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.