Moving iMage Technologies reported fiscal 2026 net sales of $17.3 million and narrowed its annual net loss by approximately 69% to $297,000, as higher-margin business and cost discipline offset lower overall project activity.
Revenue decreased 4.6% from $18.15 million in fiscal 2025, but gross profit increased 10% to $5.03 million from $4.57 million.
Gross margin improved substantially to 29.1% from 25.2%, while operating expenses declined 2.3% to $5.53 million.
The annual loss improved to approximately $0.30 million, or $0.03 per share, from $0.95 million, or $0.10 per share, a year earlier.
Moving iMage ended fiscal 2026 with $4 million of working capital, $3.2 million in net cash, and no debt.
The cinema technology provider has been expanding its proprietary product portfolio through the acquisition of the DCS cinema loudspeaker line, which has helped extend its reach beyond North America.
DCS products have now been shipped to more than 22 countries.
Fiscal 2026 projects included new auditorium construction and retrofits for Alamo Drafthouse, EVO Entertainment, and New York City’s historic Cherry Lane Theater.
The company is benefiting from cinema operators’ continued investment in Premium Large Format auditoriums, laser projection, immersive audio, and other technologies intended to differentiate the theater experience.
Moving iMage’s fourth-quarter revenue declined to $4.55 million from $5.88 million, largely because customers shifted projects into later quarters.
The quarter included approximately $400,000 of DCS sales, compared with $460,000 in the third quarter and $22,000 during the second quarter following the acquisition.
Quarterly gross profit was $1.01 million, while operating expenses declined to $1.32 million from $1.39 million.
The fourth-quarter net loss was $296,000, or $0.03 per share, compared with $156,000, or $0.02 per share, a year earlier.
Looking ahead, the company enters fiscal 2027 with a project pipeline that includes refurbishing 16 screens across two locations for a repeat customer and a separate multifaceted project at a 16-screen Bay Area theater.
Its DCS product backlog has reached approximately $458,000.
Moving iMage expects approximately $4.5 million of first-quarter fiscal 2027 revenue and said it is optimistic about achieving full-year top-line growth and profitability.
KEY QUOTES:
“The exhibition industry’s content pipeline and current solid box office performance are favorable indicators for capital spending projects. These can include the deployment of new laser projection and immersive audio technology at existing locations as well as the development of large format auditoriums.
Five films have already surpassed $1 billion in global ticket sales through July 2026, and major studios project a positive outlook for the balance of the year. Though we did experience lower than expected project activity in the fourth quarter, much of this related to customer delays. Looking forward we are optimistic about the coming fiscal year as cinema operators work to enhance their guest experience across their theater footprint.”
Phil Rafnson, Chairman And CEO Of Moving iMage Technologies
“We continued to focus on our profit margin profile and overall expense structure during fiscal 2026, while also substantially expanding our proprietary product offerings with the DCS cinema loudspeaker line. DCS strengthens our competitive position and enables us to access new customer opportunities in the U.S. and particularly in international markets, where DCS is widely deployed and respected.”
Francois Godfrey, President And COO Of Moving iMage Technologies
