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

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).

Highlights

Moving Image Chairman and CEO, Phil Rafnson, commented, "We remain cautiously optimistic regarding our pipeline of cinema technology projects and product sales opportunities over the balance of this fiscal year. Customers recognize our value in guiding their cinema build-outs or the replacement of legacy equipment, making the decision to proceed on projects primarily a matter of capital allocation priorities and timing. Our recent purchase of the DCS cinema loudspeaker line is an important initiative in building a line of premium products and service capabilities, while bolstering our competitive position and growth potential. Additionally, we believe the DCS line, in conjunction with LEA amplifiers and our cinema and audio expertise, will support our pursuit of untapped sales opportunities in international markets."

President and COO, Francois Godfrey, added, "The DCS loudspeaker line is an ideal complement to our existing customer dialogues and strengthens MiT's position as a leading source of best in-class cinema technology solutions. Immersive audio capabilities are at the forefront of the cinema experience and high on the list of customer priorities. Given DCS loudspeakers' market footprint and over 20 year reputation for high performance and reliability, we expect a solid reception in both domestic and markets overseas, as we develop plans to build traction, particularly in Europe and the Middle East.

"Our team continues to engage in a variety of upgrade and new build project discussions with U.S. exhibitors. While the scope and timing of these opportunities remains fluid, we are encouraged by the steady level of industry dialogue and interest in MiT, including our capabilities in the premium large format (PLF) ecosystem. MiT's long-term track record, strong reputation and unrivaled ability to design and execute state of the art projects on time and on budget remains a key differentiator for our organization.

"Q1'26 featured delivery of a unique project to create a state-of-the-art 166 seat cinema screening room and performing arts venue at New York City's historic Cherry Lane Theatre. MiT also completed substantial refresh initiatives for Alamo Drafthouse incorporating cutting edge laser projection by Barco and Doby Atmos immersive audio at four Texas locations. These projects showcase our ability to fulfill a diverse range of cinema technology needs in the most professional and timely manner.

"While our Q1'26 revenue exceeded our prior outlook, the upside was largely due to the accelerated delivery of some projects previously expected later in the year. Our fiscal second quarter ending in December is a seasonally slower period as exhibition customers typically refrain from projects that could interfere with their important holiday film release season in November and December. Reflecting this seasonality and the pull through of some revenue into Q1'26, we currently expect Q2'26 revenue of approximately $3.4M with gross margin percentage returning to prior year's lower levels. As industry analysts continue to expect solid box office attendance this winter, we are optimistic higher traffic could translate into increased capital spending on cinema auditorium upgrades. In the interim, we remain focused on margin and cost mitigation initiatives designed to improve our performance in any environment."

Conference Call Details

Call me™: Participants can use Guest dial-in numbers above and be answered by an operator OR click the Call me™ Link for instant telephone access to the event. Call me™ link will be made active 15 minutes prior to scheduled start time.

Telephone Replay

Access ID: 13757170

Replay Dial-In: 1-844-512-2921 or 1-412-317-6671

Replay Expiration: November 28, 2025 at 11:59 p.m. ET

Forward-Looking Statements

All statements above that are not purely about historical facts, including, but not limited to, those in which we use the words "believe," "anticipate," "expect," "plan," "intend," "estimate," "target" and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors. Our filings with the SEC provide detailed information on such statements and risks and should be consulted along with this release. To the extent permitted under applicable law, we assume no obligation to update any forward-looking statements.

About Moving iMage Technologies ( www.movingimagetech.com)

With a focus on innovation, service, and quality, Moving iMage Technologies ("MiT) is a trusted partner in delivering state-of-the-art out-of-home entertainment environments. Founded in 2003, MiT provides products, integrated systems design, custom engineering, proprietary products, software, and installation services for cinemas, screening rooms, postproduction facilities, high-end home theaters, Esports venues, arenas, stadiums, and other entertainment spaces.

MiT manufactures a broad line of digital cinema peripherals in the U.S., including automation systems, projector pedestals/bases, projector lifts, hush boxes, direct-view LED frames, lighting fixtures and dimmers, power management devices, operations software, and Esports platforms. It also distributes and integrates cinema equipment from Barco, Sharp (NEC) Digital Cinema, Christie Digital, LEA Professional, Dolby, GDC, JBL/Crown, LG, Meyer Sound, Q-SYS, QSC, Samsung and others.

MiT's Caddy Products division designs and sells cupholders, concession trays, and venue accessories that enhance concession sales and improve the guest experience.

MITQ Investor Relations Contacts

Chris Eddy or David Collins

Catalyst IR

mitq@catalyst-ir.com or 212-924-9800

MOVING IMAGE TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

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MOVING IMAGE TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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(unaudited)

The accompanying notes are an integral part of these condensed consolidated financial statements.

MOVING IMAGE TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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(unaudited)

The accompanying notes are an integral part of these condensed consolidated financial statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274506

SOURCE: Moving iMage Technologies