10-Q · May 14, 2026
Moving iMage Technologies reported revenues of $12.771 million for the nine-month period ended March 31, 2026, reflecting a 4.1% increase year-over-year. However, the company continues to face challenges with a…
Earnings analysis · 10-K
MITQ earnings analysis
Filed September 28, 2026 · Our reading of the company's report
The latest report
Moving iMage Technologies improved fiscal 2026 profitability despite a 4.6% revenue decline, with gross margin rising to 29.1% and the net loss narrowing to $0.297 million. The DCS acquisition and planned ADA and Direct…
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Moving iMage Technologies improved fiscal 2026 profitability despite a 4.6% revenue decline, with gross margin rising to 29.1% and the net loss narrowing to $0.297 million. The DCS acquisition and planned ADA and Direct View LED offerings provide a product and margin expansion path, supported by $6.96 million of fiscal 2027 backlog. However, the $2.467 million operating cash outflow, elevated slow-moving inventory reserve and unresolved material weaknesses in financial controls materially constrain the outlook.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $-0.03
- Segment
- Single operating and reportable segment focused on identifying, developing and manufacturing products for the cinema market; substantially all revenue and long-lived assets are in the United States.
What stood out
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Higher-Margin Mix Improved Profitability
Fiscal 2026 revenue declined 4.6% to $17.317 million from $18.147 million, but gross profit increased 10.0% to $5.032 million and gross margin expanded to 29.1% from 25.2%, driven primarily by higher-margin product mix.
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Losses Narrowed Materially
Net loss improved to $0.297 million, or diluted EPS of $(0.03), from a $0.948 million loss, or $(0.10) per diluted share, in fiscal 2025. Operating loss narrowed to $0.498 million from $1.086 million.
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DCS Acquisition Expanded Product Roadmap
The company acquired the DCS loudspeaker product line from QSC in October 2025 and began sales in December 2025, expanding its proprietary cinema product portfolio into a product family used in large-format, multiplex, boutique, studio and private-screening applications.
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Roadmap Targets Higher-Margin Products
Management plans to invest selectively in field sales, support operations, brand awareness and new products. It specifically cites a new ADA-compliant, multilingual system and Direct View LED screens as offerings expected to carry higher margins than many existing products.
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Meaningful Fiscal 2027 Backlog
Backlog was approximately $6.96 million at June 30, 2026, with planned shipments in fiscal 2027, compared with $7.52 million at June 30, 2025. The company expects existing cash and operating cash flow to meet projected capital needs for the foreseeable future.
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Limited Capex and No Dividend
Capital spending remained modest at $49,000 for equipment purchases, while the company repurchased $6,000 of stock. It has never paid cash dividends and intends to retain future earnings to fund business growth.
What to watch
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Cash Burn Reduced Liquidity
Cash fell $2.522 million to $3.193 million from $5.715 million, while operating cash flow swung to $2.467 million used from $0.437 million provided in fiscal 2025. The decline was largely attributed to the DCS inventory purchase of $1.5 million and subsequent inventory purchases.
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DCS Inventory May Be Slow-Moving
The company acquired $1.5 million of inventory for the DCS line and states that a significant amount is slow-moving. The inventory reserve increased to $2.317 million from $1.413 million, creating risk of further write-downs, discounting and margin pressure if demand is weaker than expected.
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Material Weaknesses in Financial Controls
Management concluded that internal controls over financial reporting were not effective at June 30, 2026 because of material weaknesses involving the closing and reporting process, undocumented accounting policies, segregation of duties and journal-entry review. The filing warns that failure to remediate could impair timely, accurate reporting and threaten NYSE American listing compliance.
Management's outlook
The 10-K provides no quantitative annual revenue or EPS guidance. Management states it will selectively invest in sales and support operations and may seek financing to expand operations; annual outlook was not provided in the filing.
Earlier filings 4
10-Q · February 12, 2026
MiT reported Q2 net sales of $3,793,000 (up $352,000 or +10.2% vs. $3,441,000 a year ago) with gross profit of $1,165,000 (30.7% margin) and an operating loss of $408,000 (−10.8% operating margin). GAAP diluted EPS was…
10-K · September 26, 2025
MiT positions itself as a specialist technology, products and services provider to movie theaters and entertainment venues, expanding into SaaS (CineQC), accessibility/multi-language (MiTranslator) and Direct View LED…
10-Q · May 15, 2025
Moving iMage reported quarterly net sales of $3,571,000 and GAAP net loss of $240,000 (EPS $(0.02)) for the three months ended March 31, 2025. Gross profit improved to $1,063,000 (29.8% margin) driven by lower cost of…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.