On September 28, 2026, Moving iMage Technologies, Inc. (NYSE American: MITQ) reported financial results for the fiscal year ended June 30, 2026, and the fourth quarter of 2026. The company, a provider of cinema products and solutions, announced a net loss of $297,000 for the full fiscal year, a 69% reduction compared to the prior year's net loss of $948,000. Net sales for the year were $17.317 million, a decrease of 4.6% from $18.147 million in FY 2025.
For the fourth quarter of 2026, net sales were $4.545 million, down from $5.883 million in the same period of the prior year. The company attributed the sales decline to customers shifting project timing forward. Despite the lower revenue, the company reported a net loss of $296,000 for Q4 2026, compared to a net loss of $156,000 in Q4 2025.
Moving iMage Technologies also highlighted improvements in its gross margin profile. Gross profit for FY 2026 increased by 10% to $5.032 million, driven by a focus on higher-margin opportunities. This resulted in a gross margin percentage of 29.1% for FY 2026, up from 25.2% in FY 2025. Operating expenses for FY 2026 decreased by 2.3% to $5.530 million.
On the strategic front, the company expanded its product offerings through the acquisition of the DCS cinema loudspeaker line. The company noted that shipments of DCS products have been completed to over 22 countries as of the report date. The company also reported a DCS product order backlog of approximately $458,000.
Regarding its balance sheet, Moving iMage Technologies ended FY 2026 with working capital of $4.0 million, which included net cash of $3.193 million and zero debt. The company provided a business outlook for fiscal 2027, projecting revenue of approximately $4.5 million for the first quarter ending September 30, 2026. The company stated it is optimistic about the potential to deliver top-line growth and profitability for the full fiscal year 2027.
