Moving Image Technologies
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Moving Image Technologies (MITQ) investor relations material

Moving Image Technologies Q2 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q2 2026 earnings summary12 Feb, 2026

Executive summary

  • Achieved Q2 2026 revenue growth of 10% year-over-year, reaching $3.8 million, driven by steady demand and higher one-time sales during a seasonally slow period.

  • Completed the $1.5 million acquisition of the DCS premium cinema loudspeaker line, advancing growth, diversification, and international reach.

  • Net loss for the quarter narrowed to $388,000 ($0.04 per share) from $527,000 ($0.05 per share) in Q2 2025, reflecting improved operating results.

  • Expanded global reach with new distribution relationships, initial DCS shipments in multiple countries, and a multi-year contract commitment from a longstanding client.

  • Closed Q2 2026 with $4.5 million working capital, $3.9 million net cash, and no long-term debt.

Financial highlights

  • Q2 2026 revenue rose to $3.8 million, up 10% year-over-year, with gross profit increasing to $1.165 million and gross margin improving to 30.7% from 27.2% in Q2 2025.

  • Operating loss improved to $408,000 from $561,000 year-over-year, despite a $76,000 increase in operating expenses.

  • Net loss narrowed to $388,000 ($0.04 per share) from $527,000 ($0.05 per share) in Q2 2025.

  • Six-month net sales were $9.375 million, up from $8.693 million in the prior year period, with net income of $122,000 for the six months.

  • Cash balance at December 31, 2025 was $3.913 million, down from $5.715 million at June 30, 2025, mainly due to the DCS acquisition.

Outlook and guidance

  • Q3 2026 revenue expected to be approximately $3 million, reflecting seasonality and initial DCS sales ramp.

  • Management expects sufficient cash to sustain operations for at least 12 months and plans to continue investing in sales and support for new product initiatives.

  • Long-term fundamentals for cinema technology investments remain positive, with growth tied to content pipeline strength and optimism for 2026 box office recovery.

  • Focus remains on expanding the customer base, increasing brand awareness, and introducing higher-margin products.

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Frequently asked questions

Moving Image Technologies Inc. is a company that specializes in the design, manufacture, integration, installation, and distribution of proprietary and custom-designed equipment and other off-the-shelf cinema products. It caters to the requirements of the cinema industry in the United States and internationally. The company's product lineup includes automation systems, pedestal, projection pods, and power management systems, along with in-house designed and assembled lighting products and dimmers. Additionally, MITQ distributes digital cinema projectors and servers and offers premium sound systems and enclosures. Other offerings encompass demand-controlled ventilation systems, cup holders, trays, cups, advertising displays, cinema step and aisle lighting products, and more. The company also provides installation and integration, design and consulting, engineering, and remote services. MITQ is a significant player in the technology sector, particularly within the communication equipment industry, and has a strong focus on the entertainment market outside the home, including cinema and esports venues. The company is headquartered in Fountain Valley, California, and its shares are listed on the NYSE.

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