Moving iMage Technologies, Inc.

MiT reported Q3 2026 revenue of $3.4 million, down 4.9% year over year. Gross profit was $1.2 million, up 11%, and gross margin expanded to 34.8% from 29.8% in Q3 2025. Operating loss improved to $134,000 versus $270,000 last year, and net loss improved to $122,000, or $0.01 per share, versus $240,000, or $0.02 per share. DCS sales were $460,000 in the quarter, up from $17,000 in Q2 2026, and backlog stood at approximately $375,000, with most expected to ship before June 30, 2026. On the balance sheet, working capital was $4.3 million, net cash was $2.3 million, and the company had no long-term debt. For Q4 2026, MiT expects revenue of approximately $5.3 million.

Phil Rafnson said Q3 reflected a relatively stable revenue profile but slower-than-usual customer project activity in a seasonally soft period. He framed the DCS Cinema Loudspeaker acquisition as strategically important, citing positive customer reception and early proof of market opportunity from first-quarter revenue under MiT. He also pointed to CinemaCon feedback, a favorable feature film pipeline, and the company’s cost structure as reasons MiT is positioned for improving results.

Bart Bedard highlighted that Q3 revenue declined 4.9% to $3.4 million, while gross profit increased 11% to $1.2 million and gross margin expanded to 34.8% due largely to higher-margin DCS inventory sales. Operating expense was relatively flat at $1.32 million, helping reduce operating loss to $134,000 and net loss to $122,000, or $0.01 per share. He said working capital was $4.3 million, net cash was $2.3 million, inventory was $3.18 million, and MiT has no long-term debt. He also said the recent $3 million decline in net cash versus Q2 was partly offset by higher inventory and that Q4 revenue should be about $5.3 million.

There were no analyst questions on the call. Before Q&A, management corrected the DCS sales figure from $290,000 to $460,000, emphasizing that the higher number was the accurate Q3 result. The absence of questions meant there was no additional pushback on seasonality, cash usage, or the pace of DCS integration.