Moving iMage Q1 revenue up 6.2% on custom cinema project

Reuters

Nov 14

<a href="https://laohu8.com/S/MITQ">Moving iMage</a> Q1 revenue up 6.2% on custom cinema project

Overview

Moving iMage fiscal Q1 revenue grows 6.2% yr/yr, driven by custom cinema project
Net income improves to $509k in fiscal Q1, reflecting operating income improvement
Company acquires Digital Cinema Speaker Series assets for $1.5M in cash

Outlook

Company expects Q2 2026 revenue of approximately $3.4M
Company anticipates Q2 2026 gross margin percentage to return to prior lower levels
Company optimistic about potential increased capital spending on cinema upgrades

Result Drivers

CUSTOM CINEMA PROJECT - Revenue growth in Q1 2026 driven by delivery of a custom cinema project
HIGHER MARGINS - Gross profit increase attributed to focus on higher margin opportunities and model mix
OPERATING EXPENSES - Operating income improvement due to reduced operating expenses from decreased headcount and travel costs

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q1 Revenue		$5.58 mln
Q1 Net Income		$509,000
Q1 Operating Income		$350,000

Press Release: ID:nNFC2FScyW

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MITQ","symbol_name":"Moving iMage Technologies Inc.","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251114:nL1N3WQ0II:1","article_id":"2583969506","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2583969506","pubTimestamp":1763125141,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Moving iMage Q1 revenue up 6.2% on custom cinema projectOverviewMoving iMage fiscal Q1 revenue grows 6.2% yr/yr, driven by custom cinema projectNet income improves to $509k in fiscal Q1, reflecting op","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MITQ":"Moving iMage Technologies Inc.","BK4108":"电影和娱乐","BK4539":"次新股"},"translate_title":"定制影院项目Moving iMage第一季度收入增长6.2%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MITQ":0.9},"content_text":"Moving iMage Q1 revenue up 6.2% on custom cinema projectOverviewMoving iMage fiscal Q1 revenue grows 6.2% yr/yr, driven by custom cinema projectNet income improves to $509k in fiscal Q1, reflecting operating income improvementCompany acquires Digital Cinema Speaker Series assets for $1.5M in cashOutlookCompany expects Q2 2026 revenue of approximately $3.4MCompany anticipates Q2 2026 gross margin percentage to return to prior lower levelsCompany optimistic about potential increased capital spending on cinema upgradesResult DriversCUSTOM CINEMA PROJECT - Revenue growth in Q1 2026 driven by delivery of a custom cinema projectHIGHER MARGINS - Gross profit increase attributed to focus on higher margin opportunities and model mixOPERATING EXPENSES - Operating income improvement due to reduced operating expenses from decreased headcount and travel costsKey DetailsMetricBeat/MissActualConsensus EstimateQ1 Revenue$5.58 mlnQ1 Net Income$509,000Q1 Operating Income$350,000Press Release: ID:nNFC2FScyWFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}