Revenue volatility remains a primary concern, with 2026Q3 top-line performance contracting by 4.9% while gross margins fluctuate significantly between 17.4% and 34.8% due to third-party equipment distribution reliance.
| Sales/Revenue | 18.66M | 18.15M | 20.14M | 20.21M | 18.35M | 7.25M | 16.37M | 20.27M | 25.34M | 20.65M |
| Revenue Growth % | 0.23% | -9.89% | -0.34% | 10.11% | 153.22% | -55.72% | -19.25% | -20% | 22.69% | - |
| Cost of Goods Sold | 13.43M | 13.57M | 15.46M | 14.9M | 13.89M | 5.56M | 12.03M | 15.03M | 20.01M | 15.85M |
| COGS % of Revenue | - | 74.8% | 76.75% | 73.72% | 75.69% | 76.69% | 73.52% | 74.16% | 78.99% | 76.77% |
| Gross Profit | 5.22M | 4.57M | 4.68M | 5.31M | 4.46M | 1.69M | 4.33M | 5.24M | 5.32M | 4.8M |
| Gross Margin % | 28.01% | 25.2% | 23.25% | 26.28% | 24.31% | 23.31% | 26.48% | 25.84% | 21.01% | 23.23% |
| Gross Profit Growth % | - | -2.35% | -11.81% | 19.03% | 164.12% | -61.03% | -17.24% | -1.6% | 10.92% | - |
| Operating Expenses | 5.6M | 5.66M | 6.24M | 7.29M | 6.22M | 3.25M | 4.95M | 5.28M | 4.76M | 4.64M |
| OpEx % of Revenue | - | 31.18% | 30.98% | 36.05% | 33.91% | 44.85% | 30.27% | 26.03% | 18.8% | 22.49% |
| Selling, General & Admin | 5.42M | 5.46M | 5.96M | 6.07M | 5.99M | 3.1M | 4.71M | 4.96M | 4.34M | 4.26M |
| SG&A % of Revenue | - | 30.07% | 29.61% | 30.04% | 32.61% | 42.75% | 28.8% | 24.46% | 17.12% | 20.63% |
| Research & Development | 186K | 203K | 277K | 261K | 238K | 152K | 240K | 318K | 425K | 383K |
| R&D % of Revenue | - | 1.12% | 1.38% | 1.29% | 1.3% | 2.1% | 1.47% | 1.57% | 1.68% | 1.85% |
| Other Operating Expenses | 0 | 0 | 0 | 954K | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -379K | -1.09M | -1.56M | -1.98M | -1.76M | -1.56M | -620K | -39K | 559K | 154K |
| Operating Margin % | -2.03% | -5.98% | -7.73% | -9.77% | -9.6% | -21.54% | -3.79% | -0.19% | 2.21% | 0.75% |
| Operating Income Growth % | - | 30.25% | 21.16% | -12.09% | -12.88% | -151.77% | -1489.74% | -106.98% | 262.99% | - |
| EBITDA | -228K | -763K | -1.22M | -1.63M | -1.65M | -1.33M | -406K | -22K | 575K | 182K |
| EBITDA Margin % | -1.22% | -4.2% | -6.04% | -8.05% | -8.97% | -18.41% | -2.48% | -0.11% | 2.27% | 0.88% |
| EBITDA Growth % | 77.67% | 37.25% | 25.22% | 1.27% | -23.46% | -228.57% | -1745.45% | -103.83% | 215.93% | - |
| D&A (Non-Cash Add-back) | 151K | 323K | 341K | 349K | 115K | 227K | 214K | 17K | 16K | 28K |
| EBIT | -220K | -948K | -1.56M | -1.43M | -1.3M | -408K | -620K | -35K | 559K | 154K |
| Net Interest Income | 62K | 138K | 185K | 139K | -40K | -237K | -263K | 4K | 18K | 0 |
| Interest Income | 62K | 138K | 185K | 139K | 0 | 0 | 0 | 4K | 19K | 5K |
| Interest Expense | 0 | 0 | 0 | 0 | 40K | 237K | 263K | 0 | 1K | 0 |
| Other Income/Expense | 222K | 138K | 185K | 177K | 417K | 916K | -263K | 4K | 18K | 5K |
| Pretax Income | -157K | -948K | -1.37M | -1.8M | -1.34M | -645K | -883K | -35K | 577K | 159K |
| Pretax Margin % | -0.84% | -5.22% | -6.81% | -8.9% | -7.33% | -8.9% | -5.39% | -0.17% | 2.28% | 0.77% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -4K | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 11.43% | 0% | 0% |
| Net Income | -157K | -948K | -1.37M | -1.8M | -1.34M | -645K | -883K | -31K | 577K | 159K |
| Net Margin % | -0.84% | -5.22% | -6.81% | -8.9% | -7.33% | -8.9% | -5.39% | -0.15% | 2.28% | 0.77% |
| Net Income Growth % | 87% | 30.9% | 23.69% | -33.68% | -108.53% | 26.95% | -2748.39% | -105.37% | 262.89% | - |
| Net Income (Continuing) | -157K | -948K | -1.37M | -1.8M | -1.34M | -645K | -883K | -35K | 577K | 159K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.02 | -0.10 | -0.13 | -0.16 | -0.12 | -0.11 | -0.20 | -0.01 | 0.10 | 0.03 |
| EPS Growth % | 87.46% | 26.38% | 18.75% | -33.33% | -9.09% | 45% | - | -105.5% | 213.48% | - |
| EPS (Basic) | - | -0.10 | -0.13 | -0.16 | -0.12 | -0.11 | -0.20 | -0.01 | 0.10 | 0.03 |
| Diluted Shares Outstanding | 9.95M | 9.91M | 10.48M | 10.92M | 10.83M | 5.65M | 5.67M | 5.67M | 5.67M | 4.98M |
| Basic Shares Outstanding | 9.95M | 9.91M | 10.48M | 10.92M | 10.83M | 5.65M | 5.67M | 5.67M | 5.67M | 4.98M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | 106.24% | - |
Cinema CAPEX cycle dependency
According to the quarterly income statements, MITQ's revenue exhibits significant volatility, with a recent contraction to $3.4M in 2026Q3, highlighting the inherent lumpiness of project-based cinema integration cycles that lack consistent, recurring top-line growth drivers to smooth out quarterly performance fluctuations for investors.
The revenue trajectory appears heavily tethered to the timing of theater modernization projects, which prevents a predictable growth cadence. This reliance on sporadic capital expenditure cycles suggests that the company may struggle to achieve sustainable top-line expansion without a more robust contribution from its nascent software and maintenance segments.
As reported in financial statements, MITQ's gross margin has fluctuated between 17.4% and 34.8% over the last ten quarters, indicating that the company's reliance on third-party equipment distribution creates significant margin instability that complicates the path toward achieving consistent, positive operating profitability for the firm.
The wide variance in gross margins suggests that the sales mix between low-margin hardware distribution and higher-margin proprietary solutions is not yet optimized. Investors should monitor whether the company can sustain the higher end of this range, as current levels appear insufficient to absorb the fixed operating costs required to scale the business.
Based on the provided income statement data, MITQ continues to face negative operating leverage, as evidenced by the persistent operating losses that occur even when gross profit reaches $1.7M, suggesting that the current administrative and engineering overhead remains too high relative to the company's realized revenue scale.
The inability to consistently convert gross profit into operating income implies that the company's cost structure is currently misaligned with its revenue generation capacity. This warrants further investigation into whether the firm can achieve operating break-even without a significant, sustained increase in high-margin proprietary product sales.
Analysis of the income statement suggests that MITQ's reliance on discretionary cinema CAPEX creates a precarious financial position, as the company has reported operating losses in nine of the last ten quarters, raising questions about the long-term viability of its current hardware-heavy business model.
Short-term observers may point to the persistent negative operating margins as a sign that the company is failing to capture sufficient value from its niche engineering position. The lack of consistent profitability suggests that the firm may remain vulnerable to liquidity constraints if the current project-based revenue cycle experiences a prolonged downturn.
Quick answers to the most common questions about buying MITQ stock.
For fiscal year 2025, Moving iMage Technologies, Inc. (MITQ) reported total revenue of $18.1M. This represents a 12.1% decline compared to $20.6M in 2017.
Moving iMage Technologies, Inc. (MITQ) reported a net loss of $0.9M for the fiscal year ending 2025.
Moving iMage Technologies, Inc. (MITQ) reported an operating income of $-1.1M, resulting in an operating profit margin of -6.0%. This margin reflects the operational efficiency of the business before interest and taxes.
Moving iMage Technologies, Inc. (MITQ) generated $4.6M in gross profit for the year, representing a gross profit margin of 25.2%. This demonstrates the company's core pricing power and production efficiency.