Moving iMage Technologies Achieves Q2 Revenue of $3.8M; Hosts Call Today at 11am ET

Rhea-AI Summary

Moving iMage Technologies (NYSE American: MITQ) reported Q2 fiscal 2026 results for the quarter ended December 31, 2025 and will host an investor call today at 11am ET. Q2 revenue rose 10% to $3.8M and gross margin improved to 30.7% from 27.2% year-ago. Q2 net loss narrowed to $(388k) or $(0.04) per share. The company acquired the DCS cinema loudspeaker line from QSC for $1.5M cash, closed the quarter with $3.9M net cash and zero debt, and expects Q3'26 revenue of approximately $3M with margins returning to prior-year levels.

Positive

• Revenue +10% to $3.8M in Q2'26
• Gross margin improved to 30.7% from 27.2%
• Acquired DCS loudspeaker line for $1.5M cash
• Net cash of $3.9M and zero debt at quarter end
• Q3'26 revenue guidance ~ $3M

Negative

• Reported Q2'26 net loss of $(388k) (continued unprofitable quarter)
• Operating loss of $(408k) in Q2'26
• Operating expenses increased by $76k, driven partly by legal costs
• Cash reduced by $1.5M for the DCS acquisition

Key Figures

Q2'26 revenue: $3.8M Q2'26 gross margin: 30.7% Q2'26 gross profit: $1.165M +5 more

8 metrics

Q2'26 revenue $3.8M Quarter ended December 31, 2025; up 10% year over year

Q2'26 gross margin 30.7% Vs. 27.2% in Q2'25

Q2'26 gross profit $1.165M Vs. $0.936M in Q2'25

Q2'26 operating loss $0.408M Vs. $0.561M operating loss in Q2'25

Q2'26 net loss per share $(0.04) Vs. $(0.05) per share in Q2'25

Working capital $4.5M At end of Q2'26; includes net cash $3.9M

Net cash $3.9M Q2'26 quarter end; approx. $0.39 per common share; zero debt

DCS acquisition price $1.5M Cash paid in Q2'26 for DCS loudspeaker line from QSC

Market Reality Check

Price: $0.6802 Vol: Volume 30,763 is 1.19x th...

normal vol

$0.6802 Last Close

Volume Volume 30,763 is 1.19x the 20-day average of 25,853, indicating slightly elevated trading ahead of the Q2 release. normal

Technical Shares at $0.6802 trade below the $0.76 200-day MA, sitting 59.02% below the 52-week high of $1.66 and 35.93% above the 52-week low of $0.5004.

Peers on Argus

Sector peers show mixed moves: SYNX +1.98% while SONM -5.71%, CLRO -4.14%, BOSC ...

Sector peers show mixed moves: SYNX +1.98% while SONM -5.71%, CLRO -4.14%, BOSC -2.26%, and UTSI -2.29%. With no peers in the momentum scanner and no same‑day peer news, trading in MITQ appears more company-specific than sector-driven.

Previous Earnings Reports

5 past events · Latest: Nov 14 (Positive)

Same Type Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Nov 14	Q1 2026 earnings	Positive	-0.3%	Profitable Q1 with higher revenue, margins, and cash while guiding Q2 lower.
Nov 14	Q1 2025 earnings	Negative	-5.0%	Q1 FY2025 revenue declined 20.8% with operating loss despite optimism on recovery.
Sep 27	FY2024 results	Neutral	+1.4%	Q4 and FY2024 showed mixed top-line trends but a constructive long-term industry outlook.
May 15	Q3 2024 earnings	Negative	+1.7%	Q3 FY2024 revenue up but gross profit and margin down sharply with net loss.
Feb 14	Q2 2024 earnings	Neutral	-20.5%	Q2 FY2024 earnings release with limited detail here but heavy negative price reaction.

Pattern Detected

Earnings releases have often seen modestly negative next-day moves, even when results or outlooks were constructive.

Recent Company History

Over the past two years, MiT’s earnings reports have highlighted a mix of revenue volatility and ongoing margin work. Q3 FY2024 showed revenue growth but weaker margins, while Q4/FY2024 emphasized industry disruptions yet pointed to future growth drivers. More recently, Q1 FY2026 delivered $5.6M revenue, 30.0% gross margin and a return to profitability. Today’s Q2’26 release continues that narrative of gradual margin improvement and operational cleanup, but still with net losses.

Historical Comparison

earnings

-4.5 %

Average Historical Move

Historical Analysis

In the past five earnings-related releases, MITQ’s average next-day move was -4.54%, with reactions often cautious even when results or outlooks showed operational progress.

Typical Pattern

Earnings history shows MiT moving from revenue declines and operating losses in FY2024 toward stronger 30.0% gross margins and profitability in Q1 FY2026, while continuing to invest in initiatives like the DCS loudspeaker line to support longer-term growth.

Market Pulse Summary

This announcement highlights Q2’26 revenue of $3.8M, up 10%, with gross margin improving to 30.7% an...

Analysis

This announcement highlights Q2’26 revenue of $3.8M, up 10%, with gross margin improving to 30.7% and net loss narrowing to $0.388M. MiT closed the quarter with $3.9M net cash and no debt after the $1.5M DCS loudspeaker acquisition, which expands its proprietary product base and international reach. Investors may track Q3’26 revenue (guided to about $3M), margin trends, and DCS-driven channel build-out as key proof points.

AI-generated analysis. Not financial advice.

Fountain Valley, California--(Newsfile Corp. - February 12, 2026) - Moving iMage Technologies, Inc. (NYSE American: MITQ) "MiT", a leading provider of cutting-edge out-of-home entertainment technology and services for cinema, stadiums, arenas, Esports, and other venues, announced results for its fiscal 2026 second quarter ended December 31, 2025 (Q2'26) and will hold an investor call today at 11am ET (see call details below).

Highlights

• Acquired globally respected DCS premium cinema loudspeaker line from QSC for $1.5M in cash in Q2'26. Proven in a wide range of cinema use cases, the DCS line expands MiT's proprietary product offering, value proposition and growth potential in North America and also provides a compelling opportunity to expand MiT's reach into international markets where DCS has a substantial install base.
• Q2'26 revenue rose 10% to $3.8M, reflecting a modest improvement in sales activity across the business during the seasonally slower Q2 holiday film release period.
• Q2'26 gross margin was 30.7% vs. 27.2% in Q2'25, primarily driven by a greater percentage of higher margin product revenues.
• Q2'26 gross profit was $1.165M vs. $936k in Q2'25, reflecting higher revenue and gross margin percentage.
• Q2'26 operating loss of $(408k) vs. ($561k) in Q2'25, reflecting higher gross profit and offset by a $76k increase in operating expenses driven in part by higher legal expense.
• Similarly, Q2'26 net loss decreased to $(388k), or $(0.04) per share, vs. a net loss of $(527k) or ($0.05) per share, in Q2'25, reflecting the benefit of an improvement in operating loss.
• Closed Q2'26 with working capital of $4.5M, including net cash of $3.9M (approx. $0.39 per common share) and zero debt. The Q2'26 balance sheet reflects the $1.5M cash payment for the DCS purchase as well as the addition of related loudspeaker inventories.

Moving Image Chairman and CEO, Phil Rafnson, commented, "MiT achieved 10% revenue growth in the second quarter, a typically slow period in our industry as exhibitors are focused on holiday box office performance. We are now picking up with customer dialogues regarding their cinema projects for the balance of the year and are pleased by the initial response we are getting to our DCS loudspeaker and LEA amplifier offerings. Demand from theater audiences for immersive and premium large formats continues to be strong, and we continue to position MiT as a best-in-class partner to deliver cutting-edge solutions. We are cautiously optimistic regarding our outlook given our expanded array of cinema and cinema audio solutions and by expectations for a rebound in domestic box office receipts in calendar 2026."

President and COO, Francois Godfrey, added, "We have hit the ground running in our efforts to incorporate the DCS loudspeaker line and operations into our business. DCS is an exciting opportunity that builds on our existing product portfolio with a highly respected, proprietary product line and provides us meaningful entry into international markets where we have been largely absent. We have made good progress onboarding the business and setting up the internal and external systems and resources required to ensure the highest quality customer service.

"Leveraging DCS's well-established industry reputation, we are also building out our network of international dealers to carry the DCS line, as well as LEA amplifiers and other MiT solutions as possible. We are seeing encouraging interest in DCS products around the globe. To date, we have signed distribution relationships with over 25 established cinema equipment dealers in the EMEA, APAC, Americas and SAARC regions to promote DCS in over fifty countries and are continuing to advance discussions in a range of other countries. Equally important, we have executed initial shipments with customers in the US, UK, Taiwan, Thailand, Korea, Germany, Italy, Chile, and Vietnam. Closer to home, one of our longstanding clients has recently committed to a multi-year contract for DCS loudspeakers and we hope to provide more details once product shipments are underway.

"Furthermore, several organizations that cater to emerging cinema markets are increasing investment in cinema and audio equipment in line with an expanding array of in-country content being produced. The global reputation of DCS gives us credible entree to pursue these opportunities.

"The solid attendee engagement we experienced at CineAsia Thailand in December confirmed the potential for MiT to participate in remodel and new theater construction opportunities happening across India and Southeast Asia.

"We currently expect Q3'26 revenue of approximately $3M with gross margin percentage returning to prior year's lower levels. We feel MiT has taken the right steps focused on the core business and a strong foundation through margin and cost initiatives designed to progress our business toward consistent profitability. We are excited for new growth channels that should stem from the DCS loudspeaker line acquisition and are diligently pursing the relationships necessary to achieve a vibrant dealer network on all continents which is a precursor to long term success on that front."

Conference Call Details
Dial-in Number:	1-877-407-4018
Toll/International Number:	1-201-689-8471

 

Call me™: Participants can use Guest dial-in numbers above and be answered by an operator OR click the Call me™ Link for instant telephone access to the event. Call me™ link will be made active 15 minutes prior to scheduled start time.

Transcript:	Posted online here 48 hours after the event
Questions can be submitted in advance via Email to:	mitq@catalyst-ir.com

 

Telephone Replay
Access ID: 13758560
Replay Dial-In: 1-844-512-2921 or 1-412-317-6671
Replay Expiration: February 28, 2026 at 11:59 p.m. ET

Forward-Looking Statements
All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words "believe," "anticipate," "expect," "plan," "intend," "estimate," "target" and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks and should be consulted along with this release. To the extent permitted under applicable law, we assume no obligation to update any forward-looking statements.

About Moving iMage Technologies (www.movingimagetech.com)
With a focus on innovation, service, and quality, Moving iMage Technologies ("MiT) is a trusted partner in delivering state-of-the-art out-of-home entertainment environments. Founded in 2003, MiT provides products, integrated systems design, custom engineering, proprietary products, software, and installation services for cinemas, screening rooms, postproduction facilities, high-end home theaters, Esports venues, arenas, stadiums, and other entertainment spaces.

MiT manufactures a broad line of digital cinema peripherals in the U.S., including automation systems, projector pedestals/bases, projector lifts, hush boxes, direct-view LED frames, lighting fixtures and dimmers, power management devices, operations software, and Esports platforms. It also distributes and integrates cinema equipment from Barco, Sharp (NEC) Digital Cinema, Christie Digital, LEA Professional, Dolby, GDC, JBL/Crown, LG, Meyer Sound, Q-SYS, QSC, Samsung and others. MiT also markets the DCS product line of premium cinema loudspeakers.

MiT's Caddy Products division designs and sells cupholders, concession trays, and venue accessories that enhance concession sales and improve the guest experience.

Follow us on X: @movingimagenews

Follow us on LinkedIn: MiT on LinkedIn

MITQ Investor Relations Contacts
Chris Eddy or David Collins
Catalyst IR
mitq@catalyst-ir.com or 212-924-9800

MOVING IMAGE TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands except share and per share amounts)

		December 31,				June 30,
		2025				2025
	(unaudited)
Assets
Current Assets:
Cash	$	3,913			$	5,715
Accounts receivable, net		962				1,464
Inventories, net		3,080				2,066
Prepaid expenses and other		170				162
Total Current Assets		8,125				9,407
Long-Term Assets:
Right-of-use asset		973				1,087
Property and equipment, net		9				15
Intangibles, net		334				364
Other assets		15				15
Total Long-Term Assets		1,331				1,481
Total Assets	$	9,456			$	10,888
Liabilities And Stockholders' Equity
Current Liabilities:
Accounts payable	$	2,128			$	3,009
Accrued expenses		366				362
Customer refunds		268				379
Customer deposits		581				1,101
Lease liability-current		243				227
Unearned warranty revenue		77				35
Total Current Liabilities		3,663				5,113
Long-Term Liabilities:
Lease liability-non-current		794				918
Total Long-Term Liabilities		794				918
Total Liabilities		4,457				6,031
Stockholders' Equity
Common stock, $0.00001 par value, 100,000,000 shares authorized, 9,945,115 and 9,939,080 shares issued and outstanding at December 31, 2025 and June 30, 2025, respectively		-				-
Additional paid-in capital		12,081				12,061
Accumulated deficit		(7,082	)			(7,204	)
Total Stockholders' Equity		4,999				4,857
Total Liabilities and Stockholders' Equity	$	9,456			$	10,888

 

MOVING IMAGE TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands except share and per share amounts)
(unaudited)

	Three Months Ended								Six Months Ended
	December 31,								December 31,
	2025				2024				2025				2024
Net sales	$	3,793			$	3,441			$	9,375			$	8,693
Cost of goods sold		2,628				2,505				6,536				6,386
Gross profit		1,165				936				2,839				2,307
Operating expenses:
Research and development		47				47				95				109
Selling and marketing		446				462				832				991
General and administrative		1,080				988				1,969				1,836
Total operating expenses		1,573				1,497				2,896				2,936
Operating (loss)		(408	)			(561	)			(57	)			(629	)
Other income (expense)
Extinguishment of payables		-				-				128				-
Interest and other income, net		20				34				51				77
Total other income		20				34				179				77
Net income (loss)	$	(388			$	(527	)		$	122			$	(552	)
Earnings (loss) per share:
Basic	$	(0.04	)		$	(0.05	)			0.01				(0.06	)
Diluted	$	(0.04	)		$	(0.05	)		$	0.01			$	(0.0	)
Shares used in computing earnings per share:
Basic		9,942,658				9,896,850				9,940,890				9,896,850
Diluted		9,942,658				9,896,850				10,253,390				9,896,850

 

MOVING IMAGE TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
(unaudited)

	Six Months Ended
	December 31,
	2025				2024
Cash flows from operating activities:
Net income (loss)	$	122			$	(552	)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Provision for credit losses		110				19
Inventory reserve		49				163
Depreciation expense		6				7
Amortization expense		30				29
Right-of-use amortization		114				133
Stock compensation expense		15				37
Changes in operating assets and liabilities
Accounts receivable		392				280
Inventories		(1,063	)			833
Prepaid expenses and other		(8	)			260
Accounts payable		(881	)			(619	)
Accrued expenses and customer refunds		(102	)			111
Unearned warranty revenue		42				34
Customer deposits		(520	)			(594	)
Lease liabilities		(108	)			(103	)
Net cash (used in) provided by operating activities		(1,802				38
Net decrease in cash		(1,802	)			38
Cash, beginning of the period		5,715				5,278
Cash, end of the period	$	3,918			$	5,316
Non-cash investing and financing activities:
Accruals settled by stock issuance	$	5			$	-
Right-of-use assets from new lease	$	-			$	(207	)
Right-of-use assets from lease modification	$	-			$	(988

 

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FAQ

What were Moving iMage Technologies (MITQ) Q2'26 revenue and margin results?

MITQ recorded $3.8M in Q2'26 revenue with a 30.7% gross margin. According to the company, revenue rose 10% year-over-year and gross margin improved from 27.2% in Q2'25, driven by a higher mix of product sales.

How did MITQ's profitability change in Q2'26 and what were per-share losses?

MITQ's net loss narrowed to $(388k), $(0.04) per share in Q2'26. According to the company, improvement reflected higher gross profit partially offset by a $76k increase in operating expenses.

What material acquisition did MITQ complete in Q2'26 and what was the cost?

MITQ acquired the DCS premium cinema loudspeaker line from QSC for $1.5M cash. According to the company, the purchase expands product offerings and added related inventory to the balance sheet.

What is MITQ's cash position and debt status at the end of Q2'26?

MITQ closed Q2'26 with $3.9M net cash, $4.5M working capital, and zero debt. According to the company, the balance reflects the $1.5M cash payment for the DCS acquisition and added inventories.

What guidance did Moving iMage Technologies give for Q3'26 revenue and margins?

MITQ expects approximately $3M in Q3'26 revenue and for gross margin percentage to return to prior year's lower levels. According to the company, this reflects seasonal patterns and margin mix changes.

How will the DCS acquisition affect MITQ's international reach and distribution?

MITQ says DCS provides a gateway to international markets via dealer networks and initial shipments to multiple countries. According to the company, it has signed distribution relationships with over 25 dealers covering more than 50 countries.