Moving iMage Technologies' Q4 Net Loss Improved to ($156,000) vs. ($416,000) Last Year and Year-End Net Cash Rises to $5.7M; Hosts Call Today at 11am ET

Rhea-AI Summary

Moving iMage Technologies (NYSE American: MITQ), a provider of entertainment technology for cinemas and venues, reported improved Q4 2025 financial results. The company reduced its net loss to ($156,000) from ($416,000) in Q4 2024, while maintaining a strong cash position of $5.7 million.

Q4 2025 revenue decreased 7.3% to $5.88 million, with gross margins at 20.4%. The company significantly reduced operating expenses by 26.5% to $1.4 million. For FY 2025, revenue was $18.15 million with improved gross margins of 25.2%, while net loss decreased to ($0.95 million).

Notable developments include a contract to install 150 Barco laser cinema projectors over three years and ongoing initiatives in laser projection technology, Direct View LED displays, and immersive audio solutions. The company expects Q1 2026 revenue of approximately $4.9 million.

Positive

• Net loss improved to ($156,000) in Q4'25 from ($416,000) in Q4'24
• Operating expenses reduced by 26.5% to $1.4M in Q4'25
• Gross margin improved to 25.2% in FY'25 from 23.3% in FY'24
• Net cash position increased to $5.7M from $5.3M year-over-year
• Secured contract for 150 Barco laser cinema projector installations
• Maintained zero long-term debt position
• Stable recurring revenue base of $8M-$9M annually

Negative

• Revenue declined 7.3% to $5.88M in Q4'25
• Q4'25 gross margin decreased to 20.4% from 22.5%
• FY'25 revenue dropped 9.9% to $18.15M
• Continued net loss position, though improved
• Project timing uncertainty affecting revenue predictability

Insights

Financial Analyst

MITQ improves bottom-line despite revenue decline through effective cost reduction; maintains strong cash position amid challenging cinema technology refresh cycle.

Moving iMage Technologies has made significant progress in reducing its losses despite revenue headwinds. The company's Q4'25 net loss improved to $156,000 (or $0.02 per share) compared to $416,000 ($0.04 per share) in the year-ago period. This 62.5% bottom-line improvement came primarily through disciplined expense management rather than top-line growth.

The company's operating expenses decreased by 26.5% to $1.4 million in Q4'25 (from $1.9 million in Q4'24), demonstrating management's commitment to cost efficiency. While Q4 revenues declined 7.3% to $5.88 million, the company's full-year gross margin improved to 25.2% from 23.3%, reflecting a strategic focus on higher-margin opportunities.

MITQ's balance sheet remains robust with $5.7 million in net cash (approximately $0.57 per share) and no long-term debt. This represents an improvement from $5.3 million ($0.53 per share) at the end of FY'24, providing financial stability during industry transitions.

The cinema technology market presents a complex picture. MITQ secured a meaningful contract to install 150 Barco laser projectors over three years, pointing to long-term industry upgrade cycles as theaters replace aging xenon projectors with more energy-efficient alternatives. Management estimates thousands of auditoriums will require upgrades in coming years, driven by image quality improvements, energy efficiency benefits, and end-of-life replacements for existing systems.

For FY'26, management expects $4.9 million in Q1 revenue with second-half weighted performance, consistent with industry planning cycles and avoidance of technology updates during holiday film release windows. The recurring revenue base of $8-9 million annually from ongoing parts, components, and services provides a foundation while the company navigates timing uncertainties in customer implementation decisions.

Fountain Valley, California--(Newsfile Corp. - September 26, 2025) - Moving iMage Technologies, Inc. (NYSE American: MITQ), a leading provider of cutting-edge out-of-home entertainment technology and services for cinema, Esports, stadiums, arenas and other venues, announced results for its fourth quarter (Q4'25) and fiscal year ended June 30, 2025 (FY'25) and will hold an investor call today at 11am ET (see call details below).

Highlights

• Moving iMage improved its Q4'25 and FY'25 bottom-line performance as progress in reducing operating expenses in the current periods more than offset higher revenues in the year-ago periods. Q4'25 operating expenses declined 26.5% to $1.4M compared to $1.9M in Q4'24 and FY'25 operating expenses declined 9.3% to $5.7M from $6.2M in FY'24.

• The Company improved its FY'25 gross margin percentage to 25.2% from 23.3% in FY'24, reflecting its focus on higher margin product and project opportunities over the full year. Moving iMage's Q4'25 gross margin declined to 20.4% compared to 22.5% in Q4'24, reflecting normal variability in sales product mix.

• Moving iMage secured a contract to install 150 Barco laser cinema projectors over the course of three years for a long-time U.S. film exhibition customer.

• Moving iMage improved its year-end net cash position to $5.7M, or approximately $0.57 per share, compared to $5.3M, or $0.53 per share, at the end of FY'24, and had no long-term debt at the close of FY'25 or FY'24.

Chairman and CEO, Phil Rafnson, commented, "Moving iMage continues to be the partner of choice for cutting-edge cinema projects, such as Metro Private Cinema and the revitalized Cherry Lane Theater, both in New York City, as well as for laser projection and audio upgrades for leading exhibitor locations across the country. We are heartened to see improving box office performances across the cinema industry along with a solid pipeline of upcoming films. We expect continued box office traction to support our customers' business case for cinema technology upgrades and the development of new cinema venues and concepts though we are cognizant of the challenges navigating the flow of the current business cycle.

"The value proposition of our long-term experience, unique array of products, and turnkey services is clear, however deciphering our customers' implementation timing remains a challenge. We are maintaining our focus on managing margins, costs and cash while we actively pursue a range of exhibitor upgrades, new builds and specialty projects."

President and COO, Francois Godfrey, added, "Leveraging a strong exhibition industry reputation built over more than two decades, MiT is actively pursuing cinema technology refresh and new venue development projects across the U.S. Key areas of opportunity include ongoing upgrades to laser projection technology, Direct View LED display formats, PLF (Private Large/Luxury Formats) upgrades and immersive audio solutions as customers replace legacy xenon-powered projection systems that are reaching the end of their useful lives. New projection technologies deliver substantially improved image quality for audiences, while also providing meaningful energy efficiency and operating cost benefits. Complementing the improved picture with immersive audio upgrades enhances the entire movie going experience.

"We believe there are still thousands of auditoriums likely to be upgraded over the next few years, and Moving iMage is uniquely positioned to guide exhibitors through each step of the design, installation and system commissioning processes. In addition to laser projection, large scale Direct View LED displays also represent an exciting area of opportunity from both product and services standpoints. Direct View LED technology offers tremendous light precision, contrast and stunning images that is effective across a wide range of light environments. This versatility allows customers to deploy Direct View LED displays in a much greater variety of auditorium geometries and alternative content venues. We are collaborating with Direct View LED display pioneers, Samsung - at our upcoming Cannon Beach project in Arizona - and LG Electronics, with our installation project for the Meryl Streep Center For Performing Artists in Los Angeles.

"In addition to these opportunities, we have built a largely recurring base of $8M to $9M in annual revenue from our customers' ongoing parts, component replacement, design and service needs.

"Despite lower revenue in Q4'25 and FY'25, our progress reducing operating costs enabled us to achieve meaningful bottom-line improvements in both periods. These disciplines are also essential to achieving our goal of positive cash flow and profitability on a consistent basis."

Business Outlook
Moving iMage is cautiously optimistic regarding its outlook for FY'26 and the potential for a modest ramp in cinema technology upgrades to next-generation projection, display and audio solutions. Supporting its outlook are the significant customer experience benefits and lower total cost of ownership of new laser projection technologies along with the performance and reliability challenges of legacy projection systems. FY'26 revenue expectations are currently more weighted to the second half, given industry planning and budget cycles, and the avoidance of technology updates during key holiday film release windows in November and December. Moving iMage currently expects revenue of approximately $4.9M for Q1'26 ending September 30.

Q4'25 Financial Review

• Q4'25 net sales declined 7.3% to $5.88M vs. $6.35M in Q4'24, principally due to reduced customer project activity in the recent period as well as the impact of theater seating revenues recorded in the year ago period.
• Q4'25 gross profit dollars decreased to $1.2M vs. $1.43M in Q4'24, reflecting lower net sales as well as a Q4'25 gross margin of 20.4% vs. 22.5% in Q4'24. The year over year decrease in gross margin was due to normal variability in sales product mix.
• Q4'25 operating expenses decreased 26.5% to $1.4M from $1.9M in Q4'24, reflecting Moving iMage's expense management initiatives. Selling and marketing expenses decreased 34.3% to $0.46M from $0.70M in Q4'24 while general and administrative expenses decreased 21.6% to $0.89M from $1.1M in Q4'24, as the Company continues to pursue cost savings opportunities.
• Q4'25 net loss improved to ($156K), or ($0.02) per share, largely due to expense reduction progress, vs. a net loss of ($416K), or ($0.04) per share, in Q4'24.

FY'25 Financial Review

• FY'25 revenue declined 9.9% to $18.15M vs. $20.14M in FY'24, principally due to reduced customer project activity.
• FY'25 gross profit decreased 2.4% to $4.57M vs. $4.68M as the decline in revenue more than offset an improvement in gross margin.
• FY'25 gross margin improved to 25.2% vs 23.3% in FY'24 due to the focus on higher margin opportunities throughout the year.
• FY'25 operating expenses decreased 9.4% to $5.67M vs. $6.24M in FY'24, driven by the Company's ongoing expense management initiatives. The improvements were driven by lower compensation expense, more effective use of sales and marketing budgets, and the continued discipline around public company costs.
• The Company's FY'25 net loss improved to ($0.95M), or ($0.10) per share, benefitting from both gross margin and expense reduction improvements, vs. a net loss of ($1.37M), or ($0.13) per share, last year.

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: 13756002
Replay Dial-In: 1-844-512-2921 or 1-412-317-6671
Replay Expiration: October 10, 2025 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'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.
CONSOLIDATED BALANCE SHEETS
(in thousands)

		June 30,
		2025			2024
Assets
Current Assets:
Cash		$	5,715		$	5,278
Accounts receivable, net			1,464			1,048
Inventories, net			2,066			3,117
Prepaid expenses and other			162			470
Total Current Assets			9,407			9,913
Long-Term Assets:
Right-of-use asset			1,087			144
Property and equipment, net			15			28
Intangibles, net			364			422
Other assets			15			16
Total Long-Term Assets			1,481			610
Total Assets		$	10,888		$	10,523
Liabilities And Stockholders' Equity
Current Liabilities:
Accounts payable		$	3,009		$	2,261
Accrued expenses			362			320
Customer refunds			379			399
Customer deposits			1,101			1,651
Lease liability-current			227			151
Unearned warranty revenue			35			31
Total Current Liabilities			5,113			4,813
Long-Term Liabilities:
Lease liability-non-current			918			—
Total Long-Term Liabilities			918			—
Total Liabilities			6,031			4,813
Stockholders' Equity
Common stock, $0.00001 par value, 100,000,000 shares authorized, 9,933,679 and 9,896,850 shares issued and outstanding at June 30, 2025 and June 30, 2024, respectively			—			—
Additional paid-in capital			12,061			11,965
Accumulated deficit			(7,204	)		(6,255	)
Total Stockholders' Equity			4,857			5,710
Total Liabilities and Stockholders' Equity		$	10,888		$	10,523

 

The accompanying notes are an integral part of these consolidated financial statements.

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

		Three Months Ended						Twelve Months Ended
		June 30,						June 30,
		2025			2024			2025			2024
Net sales		$	5,883		$	6,349		$	18,147		$	20,139
Cost of goods sold			4,681			4,920			13,574			15,456
Gross profit			1,202			1,429			4,573			4,683
Operating expenses:
Research and development			46			65			203			277
Selling and marketing			458			697			1,878			2,414
General and administrative			885			1,129			3,578			3,549
Total operating expenses			1,389			1,891			5,659			6,240
Operating (loss)			(187	)		(462	)		(1,086	)		(1,557	)
Other income (expense)
Interest and other income, net			31			46			138			185
Total other income			31			46			138			185
Net (loss)		$	(156	)	$	(416	)	$	(948	)	$	(1,372	)
Weighted average shares outstanding: basic and diluted			9,936,380			10,487,857			9,910,244			10,482,857

 

The accompanying notes are an integral part of these consolidated financial statements

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

		Year Ended
		June 30,
		2025			2024
Cash flows from operating activities:
Net (loss)		$	(948	)	$	(1,372	)
Adjustments to reconcile net (loss) to net cash provided by (used in) operating activities:
Provision for credit losses			(142	)		251
Inventory reserve			307			522
Depreciation expense			13			12
Amortization expense			58			58
Right-of-use amortization			252			271
Stock compensation expense			96			66
Changes in operating assets and liabilities
Accounts receivable			(274	)		(394	)
Inventories			744			780
Prepaid expenses and other			309			(19	)
Accounts payable			748			754
Accrued expenses and customer refunds			20			68
Unearned warranty revenue			4			5
Customer deposits			(550	)		(1,518	)
Lease liabilities			(200	)		(280	)
Net cash provided by (used in) operating activities			437			(796	)
Cash flows from investing activities
Purchases of property and equipment			—			(12	)
Net cash (used in) investing activities			—			(12	)
Cash flows from financing activities
Share Buyback			—			(530	)
Net cash (used in) financing activities			—			(530	)
Net increase (decrease) in cash			437			(1,338	)
Cash, beginning of the period			5,278			6,616
Cash, end of the period		$	5,715		$	5,278
Non-cash investing and financing activities:
Share buyback and cancellation for officer		$	—			33
Right-of-use assets from new lease		$	207		$	—
Right-of-use assets from lease modification		$	988		$	—

 

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268082

FAQ

What were Moving iMage Technologies' (MITQ) Q4 2025 earnings results?

MITQ reported Q4 2025 revenue of $5.88 million, a net loss of ($156,000), and reduced operating expenses by 26.5% to $1.4 million compared to Q4 2024.

How much cash does Moving iMage Technologies (MITQ) have on its balance sheet?

As of the end of FY 2025, MITQ had $5.7 million in net cash (approximately $0.57 per share), up from $5.3 million at the end of FY 2024, with no long-term debt.

What is Moving iMage Technologies' (MITQ) revenue guidance for Q1 2026?

MITQ expects revenue of approximately $4.9 million for Q1 2026 ending September 30.

What major contracts did Moving iMage Technologies (MITQ) secure in 2025?

MITQ secured a contract to install 150 Barco laser cinema projectors over three years for a long-time U.S. film exhibition customer.

How much recurring revenue does Moving iMage Technologies (MITQ) generate annually?

MITQ maintains a largely recurring revenue base of $8 million to $9 million annually from ongoing parts, component replacement, design and service needs.