Moving iMage Technologies (AMEX:MITQ) held its third-quarter earnings conference call on Thursday. Below is the complete transcript from the call.
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The full earnings call is available at https://investors.movingimagetech.com/events/
Summary
MITQ’s Q3 2026 revenue decreased by 4.9% to $3.4 million, reflecting slower customer project activity, but was offset by revenue from the new DCS cinema loudspeaker line.
The DCS acquisition generated $460,000 in revenue during the quarter, exceeding initial expectations and highlighting the strategic value of this acquisition.
Gross margin improved to 34.8%, up from 29.8% in Q3 2025, due to higher-margin product revenues from DCS sales.
MITQ announced a future revenue outlook of approximately $5.3 million for Q4 2026, driven by seasonal customer activity and growing strength in the DCS business.
The company is focused on expanding its international reach and leveraging industry trends such as premium large format (PLF) and immersive audio to support future growth.
Full Transcript
OPERATOR
Good morning everyone and welcome to the Moving Image Technologies fiscal 2026 third quarter conference call. At this time, all participants are in the listen only mode. A brief question and answer session will follow the formal presentation. If anyone requires operator assistance during the conference call, please signal the operator by pressing Star and zero on your telephone keypad. As a reminder, this conference is being recorded. I will now turn the call over to Chris Eddy, Investor Relations to begin.
Chris Eddy (Investor Relations)
Thank you Operator and thank you all for joining today’s call. MIT CEO Phil Raffinson will make some opening remarks followed by a business update from President and COO Francis Godfrey, and then our recently appointed CFO Bart Bedard will conclude with some financial highlights, after which we will open the call to investor questions. Today’s conference is being recorded and an audio replay and written transcript will be posted to the Investors SECtion of the Moving Image website in the next few days as a reminder. Except for historical information, the matters discussed in this presentation are forward looking statements that involve several risks and uncertainties. Words like believe, expect and anticipate mean that these are our best estimates as of this writing, but that there can be no assurances that expected or anticipated results or events will take place. Actual future results could differ materially from those statements. Further information on the Company’s risk factors is contained in the Company’s quarterly and annual reports filed with the SEC. I will now turn the call over to MIT CEO Phil Raffinson.
Phil Raffinson
Thanks Chris and thank you all for your interest in Moving Image. Overall, our third quarter performance reflected a relatively stable revenue profile compared to the prior year. We experienced slower than usual customer project activity during what is typically a seasonally slower period for mit. However, we made good headway in advancing our new DCS cinema loudspeaker business. As Francois will touch on in more detail, DCS generated approximately $290,000 of revenue in its first full quarter under MIT. We view this a strong early indicator of both the market opportunity and the durability of the business going forward, particularly considering the $1.5 million we spent to purchase the DCS assets. Additionally, customer reception has been highly positive, reinforcing our confidence in the strategic value of this acquisition that closed at the end of October 2025. Last month we had the opportunity to showcase our expanded Solutions portfolio at CinemaCon 2026 with a particular focus on our cutting edge cinema audio product and engineering capabilities. Customer and partner feedback was very constructive with enthusiasm around our enhanced product and solutions offering and a favorable outlook for the feature film pipeline and expectations for it to support Renewed Exhibition Industry Upgrade Activity Given the actions we have taken to both expand our capabilities and to fine tune our cost structure, we feel MIT is well positioned to deliver improving results as we navigate the exhibition industry’s audio needs for for premium large format PLF …
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