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

About this update from Moving Image Technologies, Inc.

[{"type":"text","content":"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 details below).","length":443,"tagName":"p"},{"type":"text","content":"Highlights","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Acquired globally respected DCS premium cinema loudspeaker line from QSC for $1.5M in cash in Q2'26. Proven in a wide range of cinema use cases, the DCS line expands MiT's proprietary product offering, value proposition and growth potential in North America and also provides a compelling opportunity to expand MiT's reach into international markets where DCS has a substantial install base.","length":403,"tagName":"p"}]},{"val":[{"type":"text","content":"Q2'26 revenue rose 10% to $3.8M, reflecting a modest improvement in sales activity across the business during the seasonally slower Q2 holiday film release period.","length":167,"tagName":"p"}]},{"val":[{"type":"text","content":"Q2'26 gross margin was 30.7% vs. 27.2% in Q2'25, primarily driven by a greater percentage of higher margin product revenues.","length":132,"tagName":"p"}]},{"val":[{"type":"text","content":"Q2'26 gross profit was $1.165M vs. $936k in Q2'25, reflecting higher revenue and gross margin percentage.","length":113,"tagName":"p"}]},{"val":[{"type":"text","content":"Q2'26 operating loss of $(408k) vs. ($561k) in Q2'25, reflecting higher gross profit and offset by a $76k increase in operating expenses driven in part by higher legal expense.","length":184,"tagName":"p"}]},{"val":[{"type":"text","content":"Similarly, Q2'26 net loss decreased to $(388k), or $(0.04) per share, vs. a net loss of $(527k) or ($0.05) per share, in Q2'25, reflecting the benefit of an improvement in operating loss.","length":195,"tagName":"p"}]},{"val":[{"type":"text","content":"Closed Q2'26 with working capital of $4.5M, including net cash of $3.9M (approx. $0.39 per common share) and zero debt. The Q2'26 balance sheet reflects the $1.5M cash payment ...

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