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Moving iMage Technologies, Inc. (MITQ) reported a net income of $0.5 million, or 5 cents per share, for the first quarter of fiscal 2026 ending September 30, 2025, a turnaround from a net loss of $0.03 million in the same quarter last year. The company’s revenues reached $5.6 million, a 6.3% increase from $5.3 million in the prior year, driven by a custom cinema project. Despite improved financial performance, MITQ shares fell 6.2% post-earnings, significantly underperforming the S&P 500’s 2.3% decline.
Gross profit increased 22% year over year to $1.7 million, with gross margins expanding to 30.0% from 26.1%. The operating income improved to $0.4 million, a recovery from an operating loss of $0.07 million a year earlier, supported by an 8% reduction in operating expenses. The company’s working capital was reported at $4.8 million, with no long-term debt as of the quarter’s end.
For the fiscal second quarter ending December 2025, MITQ anticipates revenues of approximately $3.4 million due to seasonally slower activity. Following the quarter, MITQ acquired the Digital Cinema Speaker Series from QSC for $1.5 million, which is expected to enhance its competitive position and create new market opportunities.
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