Moving iMage Technologies Reports Q1 Revenue of $5.6M and Continued Improvement in Gross Margin and Operating Expense Profile; Hosts Call Today at 11am ET

About this update from Moving Image Technologies, Inc.

[{"type":"text","content":"Fountain Valley, California--(Newsfile Corp. - November 14, 2025) - Moving iMage Technologies, Inc. (NYSE American: MITQ) "MiT", a leading provider of cutting-edge out-of-home entertainment technology and services for cinema, Esports, stadiums, arenas and other venues, announced results for its fiscal 2026 first quarter ended September 30, 2025 (Q1'26) and will hold an investor call today at 11am ET (see call details below).","length":442,"tagName":"p"},{"type":"text","content":"Highlights","length":10,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Q1'26 revenue increased 6.2% to $5.6M vs. $5.3M in Q1'25 primarily driven by delivery of a custom cinema project.","length":121,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Q1'26 gross profit increased 22.0% to $1.7M vs. $1.4M in Q1'25 reflecting a focus on higher margin opportunities.","length":121,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Q1'26 gross margin percentage increased to 30.0% vs. 26.1% in Q1'25, primarily driven by model mix and timing of a custom cinema project completed in Q1'26.","length":168,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"MITQ reported operating income of $350k in Q1'26 vs. a year-ago operating loss of ($68k), principally reflecting the gross profit improvement and an 8% decrease in operating expenses driven in part by a decrease in headcount, compensation and travel costs.","length":260,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Net income improved to $509k, or $0.05 per share, in Q1'26 vs. a net loss of ($25k) or ($0.00) per share, in Q1'25, reflecting the operating income improvement and a $128k non-cash gain from debt extinguishment that more than offset a decrease in interest income.","length":271,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Working capital rose 12.4% to $4.8M at the close of Q1'26 vs. the FY 2025 year end, including cash of $5.5M (approximately $0.54 per common share) at the close of Q1'26.","length":177,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"After the close of Q1'26, MiT acquired the assets of the globally recognized, Digital Cinema Speaker Series (DCS) loudspeaker product line for $1.5M in cash. DCS is a premium cine...

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