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Moving Image Technologies (MITQ) investor relations material
Moving Image Technologies Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Q1 2026 revenue increased 6.3% year-over-year to $5.58 million, driven by custom cinema projects and higher one-time sales.
Gross profit rose 22% to $1.7 million, with gross margin improving to 30% from 26.1% in Q1 2025, reflecting higher-margin product revenues.
Net income was $509,000 ($0.05 per share), a turnaround from a net loss of $25,000 in Q1 2025, aided by improved margins, lower operating expenses, and a $128,000 non-cash gain from payables extinguishment.
Operating expenses decreased by 8% to $1.28 million, mainly from lower compensation, rent, and travel costs.
The DCS Cinema loudspeaker line was acquired for $1.5 million in cash post-quarter, expanding product offerings and international reach.
Financial highlights
Q1 2026 net sales were $5.58 million, up from $5.25 million in Q1 2025.
Gross profit was $1.67 million, with cost of goods sold at $3.91 million.
Operating income reached $350,000, reversing a prior year loss.
Earnings per share were $0.05, up from $0.00 in the prior year.
Cash balance at quarter-end was $5.5 million, with working capital at $4.8 million, up 12% from year-end 2025.
Outlook and guidance
Q2 2026 revenue is expected to be approximately $3.4 million, reflecting typical holiday seasonality and project timing.
Gross margin for Q2 2026 is anticipated to return to more historical lower levels due to revenue mix.
Management expects sufficient liquidity to fund operations for at least 12 months and remains optimistic about long-term growth as industry box office trends improve.
Plans to invest in sales and support for new product initiatives while maintaining cost controls.
Focus on expanding customer base, increasing brand awareness, and introducing higher-margin products.
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