Moving iMage Technologies Reports Revenue of $3.39M for Seasonally Soft Q3, Bolstered by DCS Cinema Loudspeaker Shipments; Hosts Call Today at 11am ET

Published: 2026-05-14 07:49:04 ET MITQ

Published on 05/14/2026 at 07:49 am EDT

Fountain Valley, California--(Newsfile Corp. - May 14, 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 third quarter ended March 31, 2026 (Q3'26) and will hold an investor call today at 11am ET (see call details below).

Highlights

Moving Image Chairman and CEO, Phil Rafnson, commented, "Q2 and Q3 are seasonally slower periods for MiT as our exhibition customers refrain from most cinema technology investments during the important summer and holiday season cinema windows. We did see good initial traction for our proprietary DCS cinema loudspeaker line during the third quarter, and we are encouraged by the expanding base of global interest we and our international partners are developing.

"We remain optimistic about cinema technology upgrade prospects given the large base of legacy digital projection and cinema audio solutions that have yet to be replaced with more efficient, better performing next generation technologies to substantially enhance entertainment experiences. This view was supported by customer and partner feedback at last month's CinemaCon 2026 gathering in Las Vegas. Participants were encouraged by recent box office performances as well as the strength of the feature film release slate and hybrid in-theater events through calendar 2026 and into next year. The improving content backdrop, coupled with improving operator outlooks and new build activity, suggests a more favorable environment for future cinema technology capital investment activity. Our demonstrated technical expertise, proprietary products and deep experience with leading cinema equipment brands, and 20-plus year track record for high quality project execution across the US positions us well to guide this upgrade activity for both new and long-term customers."

President and COO, Francois Godfrey, added, "We are pleased by the potential momentum we are seeing for cinema and audio equipment upgrades as well as new builds, across the exhibition and specialty entertainment industries. Our addition of the DCS cinema loudspeaker line further expands our capabilities to serve these needs and is being met by solid interest in the US as well as opening new revenue opportunities for us in international markets.

"To differentiate their entertainment experience, exhibitors are increasingly deploying new Premium Large Format (PLF) auditoriums with cutting edge laser projection and immersive audio, while also working to enhance the customer experience in smaller auditoriums. Our DCS cinema loudspeaker solutions, often paired with LEA amplifiers, have been vetted and approved to power several branded PLF cinema experiences, substantially strengthening our ability to participate in these projects as we move forward.

"Importantly, DCS cinema loudspeaker systems have been refined over two decades to deliver the highest possible performance and reliability for mission critical cinema and entertainment applications. As a result, DCS loudspeaker systems have become an industry standard and are installed in thousands of cinema auditoriums worldwide. Our job is to build on this impressive foundation by supplying DCS solutions for new PLF and conventional auditoriums, for product replacements and for technology upgrades.

"We have made excellent progress in incorporating the DCS business into MiT from a systems, operational, sales and marketing and financial reporting standpoint. We have built out a solid base of distribution partners in the US, and across the UK, Taiwan, Thailand, Korea, Germany, Italy, Chile, and Vietnam to name a few. It is our intention to work to leverage this new international footprint to serve as a platform to offer other MiT products and capabilities.

"Turning to our quarter-end financial position, despite significant recent investments in the DSC acquisition and business launch, we remain well positioned to fund the business moving forward. We closed Q3 with $4.3M in working capital, which included $2.3M in cash; $3.18M in product inventories, including $1.39M related to DCS; and $1.62M in accounts receivable, $608k of which was collected early in Q4'26. We remain highly focused on cost management, cash management and product and service margins as we pursue our goal of consistent profitability.

"We currently expect Q4'26 revenue of approximately $5.3M with a gross margin percentage ranging between 25% and 30% depending on sales mix, up from 20% and 25% in Q4'25 and 2025. Expected fourth quarter projects include additional PLF upgrades and conventional auditorium upgrades for two exhibition customers."

Conference Call DetailsDial-in Number: 1-877-407-4018Toll/International Number: 1-201-689-8471

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.

Transcript: Posted online here 48 hours after the event

Questions can be submitted in advance via Email to: [email protected].

Telephone ReplayAccess ID: 13760551Replay Dial-In: 1-844-512-2921 or 1-412-317-6671Replay Expiration: May 28, 2026 at 11:59 p.m. ET

Forward-Looking StatementsAll 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 also markets the DCS product line of premium cinema loudspeakers.

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 ContactsChris Eddy or David CollinsCatalyst [email protected] or 212-924-9800

MOVING IMAGE TECHNOLOGIES, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(in thousands except share and per share amounts)

MOVING IMAGE TECHNOLOGIES, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(in thousands except share and per share amounts)(unaudited)

MOVING IMAGE TECHNOLOGIES, INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(in thousands)(unaudited)

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