Moving iMage shares surge 21.62% premarket after Q1 revenue growth, margin improvement, and DCS acquisition.

Moving iMage Technologies (MITQ) surged 21.62% in premarket trading following the release of its Q1 fiscal 2026 earnings report, which highlighted a 6.2% year-over-year revenue increase to $5.6M, driven by a custom cinema project. Gross profit rose 22% to $1.7M, with gross margin expanding to 30% from 26.1%, while operating income reached $350K (vs. a $68K loss in Q1 2025). The company also announced the $1.5M acquisition of the DCS cinema loudspeaker line, enhancing its product offerings and international growth potential. Management emphasized improved financial discipline, margin expansion, and a robust project pipeline, including high-profile installations like New York’s Cherry Lane Theatre. The results and strategic moves signaled strong operational progress and growth catalysts, directly aligning with the stock’s sharp premarket rise.