Liquidity is tightening as cash reserves fell from $5.9M in 2024Q3 to $2.4M in 2026Q3, exacerbated by a $1.5M cash outflow in the most recent quarter.
| Cash from Operations | -2.96M | 437K | -796K | 269K | -3.39M | -1.7M | -576K | -102K | 663K | 654K |
| Operating CF Margin % | - | 2.41% | -3.95% | 1.33% | -18.46% | -23.42% | -3.52% | -0.5% | 2.62% | 3.17% |
| Operating CF Growth % | -5610.51% | 154.9% | -395.91% | 107.94% | -99.59% | -194.62% | -464.71% | -115.38% | 1.38% | - |
| Net Income | -157K | -948K | -1.37M | -1.8M | -1.34M | -645K | -883K | -35K | 577K | 159K |
| Depreciation & Amortization | 298K | 323K | 341K | 349K | 115K | 227K | 214K | 17K | 16K | 28K |
| Stock-Based Compensation | 52K | 96K | 66K | 146K | 245K | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes | 0 | 0 | 0 | -1.91B | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 114K | 165K | 773K | 1.91B | -678K | -1.07M | -57K | -98K | 24K | 59K |
| Working Capital Changes | -3.26M | 801K | -604K | 671K | -1.72M | -204K | 150K | 14K | 46K | 260K |
| Change in Receivables | -733K | -274K | -394K | 868K | -1.09M | 282K | 1.48M | 158K | -246K | -593K |
| Change in Inventory | -199K | 744K | 780K | -386K | -2.5M | 60K | 89K | 516K | 63K | -2K |
| Change in Payables | -777K | 748K | 754K | -76K | -328K | -783K | -352K | -755K | -182K | 799K |
| Cash from Investing | -45K | 0 | -12K | 4.31M | -4.96M | 548K | 126K | 164K | -57K | -144K |
| Capital Expenditures | -45K | 0 | -12K | -15K | -20K | -2K | -2K | -3K | -20K | -21K |
| CapEx % of Revenue | 0.24% | - | 0.06% | 0.07% | 0.11% | 0.03% | 0.01% | 0.01% | 0.08% | 0.1% |
| Acquisitions | 0 | 0 | 0 | 0 | 4.94M | 0 | 128K | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 0 | -400K | -4.94M | 0 | 0 | 167K | -37K | -123K |
| Cash from Financing | -6K | 0 | -530K | -304K | 9.41M | 1.36M | 926K | -77K | -613K | -379K |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | -1.83M | 576K | 926K | 0 | 0 | 0 |
| Equity Issued (Net) | -6K | 0 | -530K | -304K | 11.24M | 784K | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -77K | -613K | 0 |
| Share Repurchases | -6K | 0 | -530K | -304K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -379K |
| Net Change in Cash | -3M | 437K | -1.34M | 4.28M | 1.07M | 211K | 476K | -15K | -7K | 131K |
| Free Cash Flow | -3M | 437K | -808K | 254K | -3.41M | -1.7M | -578K | -105K | 643K | 633K |
| FCF Margin % | -16.08% | 2.41% | -4.01% | 1.26% | -18.57% | -23.44% | -3.53% | -0.52% | 2.54% | 3.07% |
| FCF Growth % | -715.22% | 154.08% | -418.11% | 107.46% | -100.53% | -193.94% | -450.48% | -116.33% | 1.58% | - |
| FCF per Share | -0.30 | 0.04 | -0.08 | 0.02 | -0.31 | -0.30 | -0.10 | -0.02 | 0.11 | 0.13 |
| FCF Conversion (FCF/Net Income) | 19.11x | -0.46x | 0.58x | -0.15x | 2.52x | 2.63x | 0.65x | 3.29x | 1.15x | 4.11x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 237K | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Project-based cash flow volatility
As reported in recent financial filings, MITQ's operating cash flow frequently diverges from net income, with the company recording a $1.5M cash outflow in 2026Q3 despite a net loss of $122K, suggesting that accounting earnings are not currently translating into meaningful cash generation for the business.
The persistent disconnect between net income and operating cash flow indicates that accruals and working capital swings are masking the underlying cash burn. Investors should monitor whether this trend reflects delayed collections or inventory accumulation, as the current conversion profile suggests a lack of high-quality earnings.
Based on the company's reported figures, free cash flow has remained largely negative over the last ten quarters, hitting a low of -$1.6M in 2026Q2, which underscores the difficulty the firm faces in sustaining operations without relying on its existing cash reserves or external financing.
The inability to generate consistent positive free cash flow suggests that the current business model is not yet self-funding. This trajectory warrants further investigation into whether the company can reach a scale where operating cash flow covers its necessary overhead and capital requirements.
According to the cash flow statements, working capital changes have been a primary source of volatility, including a significant $1.6M outflow in 2026Q3, which highlights the sensitivity of the company's cash position to the timing of project-based receivables and inventory management cycles.
These erratic working capital movements suggest that the company's cash flow is highly dependent on the specific timing of theater integration projects. Such fluctuations make it difficult to forecast liquidity needs and may indicate that the firm lacks the bargaining power to optimize its cash conversion cycle.
As indicated by historical data, MITQ has engaged in share repurchases despite persistent operating losses, with $233K spent on buybacks in 2024Q3, a decision that appears questionable given the company's ongoing struggle to achieve positive free cash flow and maintain a stable cash runway.
Prioritizing share repurchases while the core business is burning cash may indicate a misalignment between capital allocation and operational reality. Investors should monitor whether management shifts focus toward internal R&D or debt reduction to preserve the balance sheet during this period of negative profitability.
Quick answers to the most common questions about buying MITQ stock.
Moving iMage Technologies, Inc. (MITQ) generated $0.4M in net cash from operating activities in 2025. This reflects the cash generated directly from core business operations.
Moving iMage Technologies, Inc. (MITQ) generated $0.4M in free cash flow in 2025. Free cash flow is the cash left over after capital expenditures, which can be used to pay dividends, repurchase shares, or pay down debt.
Moving iMage Technologies, Inc. (MITQ) spent $0.0M on capital expenditures in 2025. CapEx represents the cash invested in physical assets like property, plant, and equipment to maintain or grow the business.