Moving iMage Technologies, Inc. (AMEX:MITQ) Q2 2023 Earnings Call Transcript

A €“ Phil Rafnson: Yes I can grab that. We’re actually working hand in glove with National Amusements to continue to customize making them more bespoke platform for them. We’re doing very well. We’re probably about 90% there. And that’ll start to tiers up for the international expansion with them. With respect to customers in the pipeline, we’ve already had a couple of demos with a tremendous amount of interest. And we look forward to that moving ahead, in the short to mid-term, Scott. So that’s looking very promising. And again, it’s like anything software base, right, you’re never done. So development continues and the customization portion of it has been — what’s been most attractive to the end user.

Unidentified Analyst: Okay. Great. Thank you very much.

Operator: Thank you. We take next question from the line of Kurt Caramanidis with Carl M. Hennig. Please go ahead.

Kurt Caramanidis: Sorry, one follow-up. What are the marketable securities on the balance sheet?

Phil Rafnson: Yes. Hey, Kurt. It’s a mixed portfolio of fixed income type securities, notes, some mutual funds and some equities. I would like to point out that we are reviewing that and looking to go in a different direction that will remove some of the volatility that we’ve seen on the other income and loss part of the financial statements. So, we will — we’re evaluating that now and we’ll be ideally coming to conclusion in the near term.

Kurt Caramanidis: Cool. Thank you.

Phil Rafnson: You’re welcome. Operator, I think we can close it out.

Operator: I’m sorry, Sir. Are you saying we do not have any questions from the online participants?

Phil Rafnson: Correct.

Operator: Should we now conclude?

Phil Rafnson: Yes.

Operator: Thank you. Ladies and gentlemen, as there are no further questions from any participants, this concludes today’s teleconference. You may disconnect your lines at this time. Thank you for your participation.

Brian Siegel: Thank you, all.