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Moving iMage Technologies (NYSE:MITQ) board authorized a share repurchase program to purchase up to $1M of stock over the upcoming 12 months. "With a strong, debt-free balance sheet that had nearly $1 per share in cash as of our most recent earnings report and revenue guidance of 155-169% growth for FY22, we believe the stock is significantly undervalued," CEO Phil Rafnson commented. Shares rallying 51.9% higher premarket.