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- **Revenue Growth**: 6.2% YoY to $5.6 million, driven by project acceleration and margin improvements.
- **Profitability Breakthrough**: First quarter net income of $509,000, up from loss, with 30% gross margin.
- **Strategic Acquisition**: DCS speakers for $1.5 million, targeting 2-3 year ROI through expanded audio solutions.
- **International Expansion**: Focus on Europe, Middle East, and Asia, with initial DCS orders.
- **Q2 Outlook**: $3.4 million revenue, lower gross margin due to seasonal project timing.

**【CEO Opening Remarks】**
- Q1 2026 revenue grew 6.2% to $5.6 million, driven by project acceleration and operational efficiency.
- Achieved profitability with $509,000 net income, up from a $25,000 loss last year, supported by cost reductions and margin improvements.
- Highlighted the DCS Cinema Loudspeaker acquisition for $1.5 million, targeting 2-3 year recoupment through expanded audio solutions and international markets.
- Noted domestic box office stability at $2.4 billion, with optimism for holiday season growth.

**【COO Strategic Update】**
- DCS acquisition expands addressable market, integrating with LEA amplifiers for cinema audio systems.
- Q1 operating income of $350,000 reflects reduced expenses (8% YoY decline) and leaner workforce (32 to 25 employees).
- Pipeline includes new build and refresh projects, with Q2 revenue outlook of $3.4 million amid seasonal capital spending slowdown.
- International expansion plans for Europe, Middle East, and Asia, with initial orders from DCS inventory.

**【CFO Financial Highlights】**
- Gross profit up 22% to $1.7 million (30% margin vs. 26.1% YoY), driven by project mix and efficiency.
- Working capital $4.8 million, net cash $5.5 million, with no long-term debt.
- Q2 gross margin expected to return to historical lows due to seasonal project timing.

**【Q&A Key Highlights】**
- DCS speakers' potential to accelerate LEA amplifier adoption through bundled solutions.
- International strategy to be detailed post-DCS onboarding, with focus on Middle East and Europe.
- Q1 DCS revenue contributions and LEA amplifier pricing metrics pending integration updates.

Moving iMage Technologies, Inc. (MITQ) Q1 2026 Earnings Call Transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

MITQ

MITQ fundamentals

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