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Moving iMage Technologies, Inc. 10-Q Filings

MITQ NYSE

Every 10-Q that Moving iMage Technologies, Inc. (MITQ) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow MITQ and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MITQ filings page.

Rhea-AI Summary

Moving iMage Technologies reported relatively steady results for the quarter ended March 31, 2026. Quarterly net sales were $3.397 million, down slightly from $3.571 million, but gross profit rose to $1.183 million, lifting gross margin to 34.8% from 29.8% on higher-margin Digital Cinema Speaker Series sales and a discounted inventory purchase.

The company posted a quarterly net loss of $0.122 million, improving from a $0.240 million loss. For the nine months, revenue grew to $12.771 million from $12.264 million and net loss was essentially breakeven at $0.001 million, versus a $0.792 million loss a year earlier.

Cash declined to $2.363 million from $5.715 million, mainly due to a $1.5 million purchase of the DCS loudspeaker line and related inventory, contributing to $3.301 million of operating cash outflow. Management still expects available cash and operations to fund the business for at least 12 months, but disclosure controls and procedures remain not effective due to ongoing material weaknesses in internal control over financial reporting.

Rhea-AI Summary

Moving iMage Technologies, Inc. reported higher sales and improved profitability for the six months ended December 31, 2025. Net sales rose to $9.4 million from $8.7 million a year earlier, driven mainly by higher one-time equipment sales, while estimated recurring quarterly revenue is about $2 million.

Gross profit for the six‑month period increased to $2.8 million, with gross margin improving to 30.3% from 26.5% on higher‑margin products. The company moved from a net loss of $0.6 million to net income of $0.1 million, or $0.01 per diluted share.

For the most recent quarter, revenue grew 10.2% to $3.8 million, and the net loss narrowed to $0.4 million. Cash declined to $3.9 million from $5.7 million at June 30, 2025, largely due to a $1.5 million purchase of QSC’s Digital Cinema Speaker Series assets. Management still expects to have sufficient cash for at least 12 months, but disclosure controls remain not effective because of ongoing material weaknesses in internal control over financial reporting.

Rhea-AI Summary

Moving iMage Technologies (MITQ) reported a profitable quarter. For the three months ended September 30, 2025, net sales were $5.582 million, up 6.3% year over year. Gross margin improved to 30.0% from 26.1%, lifting operating results to income of $350,000 versus a loss a year ago. Net income reached $509,000, or $0.05 per diluted share.

Operating expenses fell to $1.324 million, aided by lower selling and marketing costs. Other income of $159,000 included a one‑time $128,000 extinguishment of payables. Cash was $5.548 million, and operating cash flow was a modest use of $(167,000) as receivables and prepaids increased.

Customer concentration remained, with one customer accounting for 12% of quarterly sales. As a subsequent event, on October 31, 2025 the company purchased QSC’s Digital Cinema Speaker Series assets for $1.5 million. Management noted ongoing material weaknesses in internal controls, while stating it expects to generate sufficient cash to sustain operations for 12 months.