Moving iMage Technologies, Inc. announced its fiscal 2026 first quarter results.
Q1'26 revenue increased by 6.2% to $5.6M driven by a custom cinema project.
Gross profit and margin improved, operating income turned positive, and net income showed significant improvement.
Revenue Growth
Q1'26 revenue increased by 6.2% compared to Q1'25, driven by a custom cinema project delivery.
Gross Margin Improvement
Gross margin percentage increased to 30.0% in Q1'26 from 26.1% in Q1'25, driven by model mix and project timing.
Operating Income Turnaround
Operating income of $350k in Q1'26 compared to an operating loss of ($68k) in Q1'25, reflecting gross profit improvement and expense reduction.
Net Income Positive
Net income improved to $509k, or $0.05 per share, in Q1'26 compared to a net loss of ($25k) in Q1'25.
Strategic Acquisition
Acquired DCS loudspeaker product line for $1.5M, enhancing product portfolio and expanding market presence.
- The Q1 results demonstrate steady growth and operational efficiency for Moving iMage Technologies.
- The positive financial performance indicates strategic focus on higher margin opportunities and cost management.
- The acquisition of the DCS loudspeaker line strengthens the company's position in the cinema technology market and opens new sales opportunities internationally.
Moving iMage Technologies' Q1 performance highlights its commitment to innovation, growth, and strategic acquisitions in the cinema technology sector. The company's focus on premium products and market expansion positions it for continued success.