Core Insights - Moving iMage Technologies, Inc. (MITQ) shares have declined 6.4% since the earnings report for the quarter ended December 31, 2025, underperforming the S&P 500 index's 1.5% decline during the same period [1] - The stock has fallen 16.2% over the past month compared to a 1.9% drop in the broader market, indicating a cautious investor sentiment despite improvements in quarterly performance [1] Financial Performance - For Q2 fiscal 2026, MITQ reported a net loss of $0.04 per share, an improvement from a loss of $0.05 per share in the same quarter last year [2] - Revenues increased by 10% year over year to $3.8 million from $3.4 million, while gross profit rose 24% to $1.2 million, with gross margin expanding to 30.7% from 27.2% [2] - Operating loss narrowed to $0.4 million from $0.6 million in the prior-year quarter, and net loss also narrowed to $0.4 million from $0.5 million [3] Key Business Metrics - MITQ ended the quarter with approximately $4.5 million in working capital, including net cash of $3.9 million and no debt [4] - Cash decreased from $5.7 million at June 30, 2025, to $3.9 million at December 31, 2025, primarily due to a $1.5 million cash outlay for the DCS loudspeaker line acquisition and increased inventory levels [4] - Inventory rose to $3.1 million at quarter-end from $2.1 million at June 30, 2025 [4] Operating Expenses - Operating expenses increased by 5.1% year over year to $1.6 million, mainly due to higher legal expenses [5] - Despite the rise in expenses, improved gross profit helped narrow operating losses, although operating cash flow showed a net use of $1.8 million for the six months ended December 31, 2025, compared to positive cash flow of $0.04 million in the prior-year period [5] Management Commentary - The Chairman and CEO described the second quarter as productive, highlighting a 10% revenue growth during a typically slower period for exhibitors [6] - There is cautious optimism about a rebound in domestic box office receipts in calendar 2026, driven by continued demand for immersive and premium large-format cinema experiences [6] Strategic Developments - The acquisition of the DCS loudspeaker line for $1.5 million is expected to enhance MITQ's proprietary product offerings and expand its international footprint [7][12] - The company has signed distribution agreements with over 25 cinema equipment dealers across various regions, promoting DCS in more than 50 countries [7] Factors Influencing Performance - Revenue growth was supported by steady order flow for parts, replacement products, and higher-margin proprietary offerings during a typically slower exhibition period [8] - Gross margin expansion was attributed to a higher percentage of product revenues and operational execution, while operating expenses were pressured by elevated legal costs [8] Guidance - Management anticipates third-quarter fiscal 2026 revenues of approximately $3 million, reflecting customary seasonality and initial ramp-up in DCS-related sales [11] - Gross margin percentage is expected to return to prior-year lower levels according to management commentary [11]

Exhibit 99.1 Moving iMage Technologies Achieves Q2 Revenue of $3.8M; Hosts Call Today at 11am ET 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 d ...

PresentationGood morning, everyone, and welcome to the Moving iMage Technologies Fiscal 2026 Second Quarter Conference Call. [Operator Instructions] Please note, this conference is being recorded.Christopher Eddy Thank you, operator, and good morning to all of you joining today's call. Moving iMage Technologies' CEO, Phil Rafnson, will make some opening remarks, followed by a business update from President and COO, Francois Godfrey; and then CFO, Bill Greene, will conclude with some financial highlights, af ...

Moving Image Technologies (NYSEAM:MITQ) Q2 2026 Earnings call February 12, 2026 11:00 AM ET Company ParticipantsBill Greene - CFOChris Eddy - Investor RelationsFrancois Godfrey - VP of Business Development.Phil Rafnson - CEOOperatorGood morning, everyone, and welcome to the Moving iMage Technologies Fiscal 2026 second quarter conference call. At this time, all participants are on a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistan ...

Moving Image Technologies (NYSEAM:MITQ) Q2 2026 Earnings call February 12, 2026 11:00 AM ET Company ParticipantsBill Greene - CFOChris Eddy - Investor RelationsFrancois Godfrey - VP of Business Development.Phil Rafnson - CEOOperatorGood morning, everyone, and welcome to the Moving iMage Technologies Fiscal 2026 second quarter conference call. At this time, all participants are on a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistan ...

Financial Data and Key Metrics Changes - The company's Q2 2026 revenue increased by 10% to $3.3 million compared to Q2 2025 [13] - Gross profit dollars rose by 24% to $1.16 million, with an improved gross margin of 30.7%, up from 27.2% in Q2 2025 [13] - Operating loss improved to negative $408,000 from negative $561,000 in the same period last year [14] - Net loss improved to negative $388,000, or negative $0.04 per share, compared to a net loss of negative $527,000, or negative $0.05 per share in Q2 last year [14] - Working capital at the close of Q2 2026 was $4.46 million, down from $4.59 million in Q2 2025 [15] - Net cash at the end of Q2 2026 was $3.9 million, compared to $5.3 million at Q2 2025 [16] Business Line Data and Key Metrics Changes - The acquisition of the DCS loudspeaker line is expected to significantly contribute to the business, expanding proprietary product lines and market reach [7][8] - Initial sales activity for the DCS product line has confirmed market interest, with total sales and pending sales backlogs of $400,000 expected to be recorded in Q3 2026 [11] Market Data and Key Metrics Changes - The company is positioned to meet the ongoing need for modernization in cinema infrastructure, which is critical for improving operational efficiency and customer experience [12] - The DCS acquisition is expected to enhance the company's presence in both domestic and international markets, where it has had limited penetration previously [11] Company Strategy and Development Direction - The company remains cautiously optimistic about future cinema infrastructure spending, particularly for new laser projection systems and immersive audio technologies [5] - The strategic acquisition of DCS is seen as a prudent use of cash that will create long-term value for shareholders [8] - The focus is on disciplined execution, balance sheet strength, and seamless integration of the DCS acquisition to unlock operating leverage and support sustainable growth [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term fundamentals supporting cinema technology investments, despite potential delays in large projects during certain seasonal windows [5] - The company is encouraged by the progress made during the quarter, including solid revenue growth and the successful acquisition of DCS [12] Other Important Information - The company has established warehouses in California, the Netherlands, and China to support global business operations [10] - Distribution relationships have been signed with over 25 established cinema equipment dealers across various regions [10] Q&A Session Summary - There were no questions during the Q&A session, and the call concluded without any inquiries from participants [18]

Financial Performance - Net sales increased by 10.2% to $3.793 million for the three months ended December 31, 2025, compared to $3.441 million for the same period in 2024, driven by higher one-time sales[102]. - For the six months ended December 31, 2025, net sales increased by 7.8% to $9.375 million from $8.693 million in the same period in 2024, attributed to higher one-time sales[115]. - Net loss improved to $(0.388) million for the three months ended December 31, 2025, compared to a net loss of $(0.527) million for the same period in 2024, reflecting a reduction in loss of $0.139 million[113]. - Net income was $0.122 million for the six months ended December 31, 2025, compared to a net loss of $(0.552) million for the same period in 2024, reflecting an improvement in loss reduction of $0.674 million[126]. Gross Profit and Margins - Gross profit increased by $0.229 million or 24.5% to $1.165 million for the three months ended December 31, 2025, with gross profit percentage rising to 30.7% from 27.2% due to higher margin product revenues[104]. - Gross profit for the six months ended December 31, 2025, rose by $0.532 million or 23.1% to $2.839 million, with gross profit percentage increasing to 30.3% from 26.5% due to higher margin product revenues[117]. - The introduction of new products, including a multi-language compliance system and Direct View LED screens, is expected to enhance gross margins and offset potential price erosion[94]. Expenses - Research and development expenses remained constant at $47,000 for both the three months ended December 31, 2025, and 2024, indicating stable investment in innovation[107]. - Research and development expenses decreased by $0.014 million or 12.8% for the six months ended December 31, 2025, compared to the same period in 2024 due to headcount reduction[119]. - Selling, general and administrative expenses increased by $0.076 million or 5.2% to $1.526 million for the three months ended December 31, 2025, primarily due to higher legal expenses[109]. - Selling, general and administrative expenses decreased by $0.026 million or 0.9% for the six months ended December 31, 2025, largely due to cost reductions enacted in August 2024[122]. Cash Flow and Liquidity - The cash balance at December 31, 2025, was approximately $3.913 million, down from $5.715 million at June 30, 2025, primarily due to a $1.5 million inventory purchase[127]. - Net cash used in operating activities was $(1.802) million for the six months ended December 31, 2025, primarily due to $(2.687) million in working capital decreases[128]. - Net cash provided by operating activities was $0.038 million for the six months ended December 31, 2024, primarily due to $0.202 million in working capital increases[129]. - Net cash from investing activities was zero for the six months ended December 31, 2025, and 2024[130]. - Net cash from financing activities was zero for the six months ended December 31, 2025, and 2024[131]. - The company believes that existing sources of liquidity will be sufficient to fund operations for at least 12 months from the date the financial statements are issued[127]. Future Outlook - Estimated quarterly recurring sales revenues are projected at $2 million, indicating a stable revenue stream moving forward[102]. - The company plans to invest in sales and support operations to support new product initiatives and budget goals, aiming for a decrease in total operating expenses[91].

Core Insights - Moving iMage Technologies, Inc. (MiT) reported a 10% revenue growth in Q2'26, reaching $3.8 million, despite the typically slow period in the industry [3][11] - The company is optimistic about future growth due to strong demand for immersive cinema experiences and the integration of the DCS loudspeaker line into its offerings [3][4] Financial Performance - Q2'26 revenue increased to $3.8 million from $3.4 million in Q2'25, with gross profit rising to $1.165 million compared to $936,000 in the previous year [11][13] - Gross margin improved to 30.7% in Q2'26 from 27.2% in Q2'25, driven by a higher percentage of sales from premium products [11][13] - The operating loss narrowed to $(408,000) in Q2'26 from $(561,000) in Q2'25, while the net loss decreased to $(388,000), or $(0.04) per share, compared to $(527,000) or $(0.05) per share in the prior year [11][13] Strategic Initiatives - MiT has acquired the DCS premium cinema loudspeaker line for $1.5 million, which is expected to enhance its product portfolio and market reach [11][4] - The company has established distribution relationships with over 25 cinema equipment dealers across more than 50 countries, indicating a strong international expansion strategy [4][5] - MiT is focusing on building a robust dealer network globally to support the DCS product line and other solutions, which is seen as crucial for long-term success [6][4] Market Outlook - The company anticipates Q3'26 revenue of approximately $3 million, with expectations for a rebound in domestic box office receipts in 2026 [6][3] - There is a growing investment in cinema and audio equipment in emerging markets, which aligns with MiT's strategy to leverage the DCS brand reputation [5][4]

Company Overview - Moving iMage Technologies, Inc. (MiT) is a leading provider of out-of-home entertainment technology and services, focusing on cinema, stadiums, arenas, and Esports venues [1][3] - Founded in 2003, MiT offers a range of products and services including integrated systems design, custom engineering, proprietary products, software, and installation services [3][4] Upcoming Financial Results - MiT will report its Q2 fiscal 2026 results before the market opens on February 12, 2026, and will host an investor call at 11:00 am ET [1] - The investor call will include prepared remarks followed by a Q&A session with management [1] Product Offerings - MiT manufactures a variety of digital cinema peripherals in the U.S., including automation systems, projector pedestals, projector lifts, hush boxes, direct-view LED frames, lighting fixtures, and Esports platforms [4] - The company also distributes and integrates cinema equipment from notable brands such as Barco, Sharp (NEC), Christie Digital, Dolby, and Samsung [4] Caddy Products Division - MiT's Caddy Products division focuses on designing and selling cupholders, concession trays, and venue accessories aimed at enhancing concession sales and improving the guest experience [5]

Core Viewpoint - Moving iMage Technologies, Inc. (MITQ) has shown improved financial performance, yet its stock has declined significantly, indicating investor skepticism despite positive earnings results [1][2]. Financial Performance - MITQ reported a net income of $0.05 per share for Q1 fiscal 2026, compared to breakeven results in the same quarter last year [2]. - Revenues increased by 6.3% to $5.6 million from $5.3 million in Q1 fiscal 2025, driven by accelerated delivery of a custom cinema project [2]. - Gross profit rose 22% year over year to $1.7 million, with gross margin expanding to 30.0% from 26.1% [3]. Operating Metrics - The company achieved an operating income of $0.4 million, a turnaround from an operating loss of $0.07 million a year earlier, supported by an 8% reduction in operating expenses [4]. - Working capital improved by 12.4% to $4.8 million, and cash balance stood at $5.5 million, equating to approximately $0.54 per share [5]. Management Insights - CEO Phil Rafnson noted that profitability was aided by the early execution of projects and solid operational execution, while acknowledging the impact of project timing and seasonality [7]. - President and COO Francois Godfrey emphasized a focus on higher-margin opportunities and building revenue through new projects [8]. Revenue Drivers and Outlook - Revenue growth in Q1 was largely due to early execution of cinema technology projects, but management remains cautious about future revenues due to capital cycles and seasonal patterns [9]. - For Q2 fiscal 2026, MITQ anticipates revenues of approximately $3.4 million, with gross margin expected to revert to historical levels [11]. Strategic Developments - MITQ acquired the assets of the Digital Cinema Speaker Series (DCS) for $1.5 million, which is expected to enhance its competitive positioning and open new market opportunities [12]. - The company anticipates that the acquisition could return its full investment in two to three years, with positive early customer feedback [13].