Financial Data and Key Metrics Changes - Gross profit decreased 24% to $1 million from $1.3 million last year, but gross margin expanded by 440 basis points to 27.9% [1] - Operating loss in Q3 was $0.5 million compared to $0.1 million last year, reflecting lower revenue [2] - GAAP net loss was approximately $0.4 million, with a loss per share of $0.04, compared to net income of $0.6 million or $0.06 per share last year [18] - Third quarter revenue of $3.7 million was down 36% from $5.8 million last year, with $1.7 million of anticipated revenue pushed into fiscal 2024 [50] Business Line Data and Key Metrics Changes - The company’s core business consists of FF&E projects, which make up roughly 60% to 65% of revenue, but these projects can be lumpy and challenging to forecast [45] - Proprietary manufactured products have margins ranging from 35% to 55%, and the company expects to shift its mix towards these higher-margin products [48] Market Data and Key Metrics Changes - The North American market has over 70 million non-English proficient speakers, presenting a significant opportunity for the MiTranslator product [3] - The box office recovered to over $7.5 billion in 2022, with expectations for continued growth in 2023 as box office releases are projected to increase nearly 50% [26] Company Strategy and Development Direction - The company aims to drive revenue growth from higher-margin products and is focusing on technology products with disruptive potential, such as MiTranslator and CineQC [31] - The company is expanding beyond traditional cinema and sees eSports as a significant growth driver for fiscal 2024 [9] - The company is also looking to expand internationally and has established relationships overseas, aiming to accelerate this expansion [39] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the industry’s recovery and the potential for growth driven by technology upgrades and new theater builds [25] - The company expects approximately 10% revenue growth for fiscal 2023 compared to fiscal 2022, with gross margin projected to be in the 26% to 27% range [21] Other Important Information - The company has repositioned its cash into money market funds to reduce risk and volatility [19] - The new CFO is working on improving forecasting, which has been challenging due to project timing [20] Q&A Session Summary Question: What are the expectations for revenue growth? - The company expects approximately 10% revenue growth for fiscal 2023 compared to fiscal 2022, with a focus on higher-margin products and technology offerings [21] Question: How is the company addressing the challenges in project timing? - The company acknowledges that project timing can be challenging and is focusing on adding new technology offerings with recurring revenue streams to mitigate this issue [50] Question: What is the outlook for the eSports initiative? - The company sees eSports as a significant growth driver and has expanded its strategic relationship with Sandbox to capitalize on this opportunity [10]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-40511 Moving iMage Technologies, Inc. (Exact name of Registrant as specified in its charter) (State or other jurisdictio ...

Moving iMage Technologies, Inc. (NYSE:MITQ) Q2 2023 Earnings Conference Call February 14, 2023 11:00 AM ET Company Participants Brian Siegel - Hayden IR Phil Rafnson - Chairman & Chief Executive Officer Joe Delgado - Co-Founder & Executive VP, Sales & Marketing Conference Call Participants Kurt Caramanidis - Carl M. Hennig Inc Operator Greetings, and welcome to the Moving iMage Technologies Second Quarter Fiscal 2023 Earnings Results Conference Call. At this time, all participants are in a listen-only mode. ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-40511 Moving iMage Technologies, Inc. (Exact name of Registrant as specified in its charter) (State or other jurisdic ...

Moving iMage Technologies, Inc. (NYSE:MITQ) Q1 2023 Results Conference Call November 15, 2022 11:00 AM ET Company Participants Brian Siegel - Hayden IR Philip Rafnson - Chairman and CEO Jose Delgado - Co-Founder, EVP of Sales and Marketing Michael Sherman - CFO Conference Call Participants Operator Greetings, and welcome to the Moving iMage Technologies First Quarter Fiscal 2023 Earnings Call. At this time, all participants are in a listen only mode. A question-and-answer session will follow the formal pres ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-40511 Moving iMage Technologies, Inc. (Exact name of Registrant as specified in its charter) (State or other jurisdi ...

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒ Indicate by check mark if the regis ...

Financial Data and Key Metrics Changes - Fourth quarter revenue increased 167% to $5.6 million, driven by a pickup in projects for building or upgrading theaters [35] - Gross profit rose 256% to $1.5 million, with gross margin up 680 basis points to 26.8% [36] - Non-GAAP operating loss improved to $0.1 million from $0.6 million year-over-year, with non-GAAP net loss at $0.4 million or $0.04 per share compared to $0.6 million or $0.11 per share last year [37] Business Line Data and Key Metrics Changes - Projects accounted for roughly two-thirds of revenue, with margins in the mid-teens, while installation services had margins in the mid-20s and proprietary manufactured offerings ranged from 35% to 55% [32][33] - The acquisition of the USL product line is expected to enhance the product mix and improve margins [17][40] Market Data and Key Metrics Changes - The cinema industry is recovering from COVID-19, with box office receipts expected to improve significantly in 2022 and 2023 due to a strong slate of blockbuster releases [7][8] - Government grants from the CARES Act have provided significant funding to cinema operators, contributing to a multi-year growth cycle [9][10] Company Strategy and Development Direction - The company is focusing on a four-pillar growth strategy: driving revenue growth through higher-margin products, expanding beyond cinema into stadiums and esports, entering international markets, and pursuing accretive M&A [16][21][26][27] - The introduction of disruptive products like CineQC and MI Translator is part of the long-term growth strategy [18][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the industry's recovery despite potential geopolitical disruptions and inflation, maintaining a revenue guidance of $22 million to $23.5 million for fiscal 2023 [39][48] - The company anticipates strong gross margin expansion due to a shift towards higher-margin proprietary products and improved performance from existing product lines [40] Other Important Information - The company has no financial exposure to Cineworld, which filed for bankruptcy, and does not expect a negative impact on its business in fiscal 2023 [31] - Cash and cash equivalents decreased to $7 million, down $2.8 million from the previous quarter due to inventory acquisitions [38] Q&A Session Summary Question: Buyback situation and stock performance - The company is currently focused on ensuring capital for acquisitions and product development, with discussions on buyback policies to occur in upcoming board meetings [44] Question: Marketable securities and revenue expectations - Marketable securities are primarily short-term bonds, and the company expects margin expansion as revenues increase due to fixed costs [45][46] Question: Confidence in revenue guidance - Confidence in guidance is based on a strong macro view of the industry, despite economic headwinds [48] Question: Commentary on fiscal Q1 performance - Overall enthusiasm for the industry remains strong, and confidence in business performance is high [54] Question: Breakdown of fiscal '23 revenue guidance - Revenue guidance was derived from a balanced approach considering backlog, pipeline, and expected new product releases, with adjustments for potential disruptions [55] Question: Timing of new product rollouts - The domestic rollout for CineQC has been completed, with international expansion anticipated, while other new products are still in trial phases [57][59]

Moving IMage Technologies, Inc. (NYSE:MITQ) Q3 2022 Earnings Conference Call May 17, 2022 11:00 AM ET Company Participants Brian Siegel - IR, Hayden IR Phil Rafnson - Chairman and CEO Michael Sherman - CFO Conference Call Participants Operator Greetings and welcome to the Moving iMage Technologies Third Quarter Fiscal 2022 Earnings Results. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator instructions] Please note that thi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-40511 Moving iMage Technologies, Inc. (Exact name of Registrant as specified in its charter) (State or other jurisdictio ...