Sep 30, 2026, 2:38 PM ETTechnology

Moving iMage Technologies — FY 2026 Earnings Summary

MITQMOVING IMAGE TECHNOLOGIES INC

Financial Performance

FY 2026 net sales were $17.32M, a 4.6% decrease from $18.15M in FY 2025, driven by reduced customer project activity offset by $882k in revenue from the DCS acquisition.
FY 2026 gross profit increased 10% to $5.03M from $4.57M in FY 2025, with gross margin percentage expanding to 29.1% from 25.2%.
FY 2026 operating expenses decreased 2.3% to $5.53M from $5.66M in FY 2025.
FY 2026 net loss improved to $0.30M ($0.03 per share) compared to a net loss of $0.95M ($0.10 per share) in FY 2025.
Q4 2026 net sales declined to $4.55M from $5.88M in Q4 2025 due to customers shifting project timing.
Q4 2026 gross profit decreased to $1.01M from $1.20M in Q4 2025.
Q4 2026 operating expenses decreased to $1.32M from $1.39M in Q4 2025.
Q4 2026 net loss increased to $0.296M ($0.03 per share) from $0.156M ($0.02 per share) in Q4 2025.
FY 2026 working capital ended at $4.0M, including $3.2M in net cash and zero debt, compared to $4.3M working capital at year-end FY 2025.
Cash flow from operating activities for FY 2026 was a use of $2.467M, compared to a provision of $437k in FY 2025.
Cash balance decreased to $3.193M at June 30, 2026, from $5.715M at June 30, 2025.

Moving iMage expects Q1 2027 revenue of approximately $4.5M.
The company is optimistic about delivering top-line growth and profitability for the full FY 2027.
The project pipeline includes refurbishments for a repeat customer across 16 screens at two locations and a significant multifaceted project in the Bay Area.
A complete technical solution overhaul for a 16-screen Bay Area complex is expected to commence in early calendar 2027.
The company is in advanced discussions for renovations with major Northeast arts organizations and pursuing opportunities in cinema audio, projection, accessibility, and lighting controls across the U.S.
DCS product order backlog stands at approximately $458,000.
Management cites a favorable content pipeline and solid box office performance as indicators for capital spending on laser projection and immersive audio.

The company expanded its proprietary product offering through the acquisition of the DCS cinema loudspeaker line, with shipments completed to over 22 countries.
FY 2026 projects included new builds and retrofits for Alamo Drafthouse, EVO Entertainment, and the Cherry Lane Theater in NYC.
DCS product sales contributed $400k in Q4 2026, $460k in Q3 2026, and $22k in Q2 2026.
The company focuses on higher margin product and project opportunities, including Premium Large Format (PLF) auditoriums and smaller auditorium retrofits.
Proprietary products include the DCS Cinema Loudspeaker line, automation systems, projector pedestals, direct-view LED frames, and lighting/power management solutions.
The company distributes third-party products including Barco, Sharp (NEC), and Christie projectors; LEA Professional, Dolby, GDC, JBL/Crown, and Meyer Sound audio; and LG & Samsung LED displays.

Five films surpassed $1 billion in global ticket sales through July 2026, with major studios projecting a positive outlook for the remainder of the year.
Strong film content and box office performance are driving investment interest in new projects and deferred upgrades.
The DCS acquisition strengthens the company's competitive position and enables access to international markets where the brand is widely deployed.
The company is expanding its global distribution network for the DCS line to move beyond its North American footprint.

Q4 2026 results were impacted by lower than expected project activity due to customer delays in shifting project timing.
The company continues to face challenges related to reduced customer project activity in the broader market.
Forward-looking statements indicate that actual results may differ materially due to numerous important factors detailed in SEC filings.

Chairman and CEO Phil Rafnson expressed optimism for the coming fiscal year as cinema operators enhance guest experiences, citing favorable industry indicators.
President and COO Francois Godfrey noted that the DCS acquisition has opened new opportunities in overseas markets that were previously less conducive to business.
Management emphasized a continued focus on profit margin profiles, expense discipline, and turnkey capabilities from design to commissioning.
Customer dialogues at recent industry events indicated increasing investment interest in cinema upgrades.