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Stock impact report

Moving iMage Technologies Reports Q1 Revenue of $5.6M and Continued Improvement in Gross Margin and Operating Expense Profile; Hosts Call Today at 11am ET [Yahoo! Finance]

Moving iMage Technologies, Inc. (MITQ) 
Company Research Source: Yahoo! Finance
leading provider of cutting-edge out-of-home entertainment technology and services for cinema, Esports, stadiums, arenas and other venues, announced results for its fiscal 2026 first quarter ended September 30, 2025 (Q1'26) and will hold an investor call today at 11am ET (see call details below). Highlights Q1'26 revenue increased 6.2% to $5.6M vs. $5.3M in Q1'25 primarily driven by delivery of a custom cinema project. Q1'26 gross profit increased 22.0% to $1.7M vs. $1.4M in Q1'25 reflecting a focus on higher margin opportunities. Q1'26 gross margin percentage increased to 30.0% vs. 26.1% in Q1'25, primarily driven by model mix and timing of a custom cinema project completed in Q1'26. MITQ reported operating income of $350k in Q1'26 vs. a year-ago operating loss of ($68k), principally reflecting the gross profit improvement and an 8% decrease in operating expenses driven in part by a decrease in headcount, compensation and travel costs. Net income improved to $509k, or $0. Show less Read more
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