In fourth-quarter fiscal 2025, Moving iMage Technologies, Inc. (MITQ) incurred a net loss of 2 cents per share, narrower than a loss of 4 cents per share in the prior-year quarter, thanks to significant expense reductions.The company posted revenues of $5.9 million, a 7.3% decline from $6.4 million in the year-ago period, primarily reflecting reduced customer project activity. Gross profit fell to $1.2 million versus $1.4 million last year, with gross margin narrowing to 20.4% from 22.5%. Net loss narrowed ...

```markdown [Executive Summary & Highlights](index=1&type=section&id=Executive%20Summary%20%26%20Highlights) Moving iMage Technologies reported improved Q4'25 and FY'25 financial performance, driven by expense reductions and strategic contract wins in cinema technology upgrades [Introduction](index=1&type=section&id=Introduction) Moving iMage Technologies announced its financial results for the fourth quarter (Q4'25) and fiscal year ended June 30, 2025 (FY'25), reporting an improved Q4 net loss and an increase in year-end net cash - **Moving iMage Technologies, Inc. (NYSE American: MITQ)** is a leading provider of out-of-home entertainment technology and services for cinema, Esports, stadiums, arenas, and other venues[1](index=1&type=chunk) Key Financial Snapshot (in thousands) | Metric | Q4'25 | Q4'24 | | :---------------- | :---------- | :---------- | | Net Loss | ($156) | ($416) | | Metric | FY'25 End | FY'24 End | | :---------------- | :---------- | :---------- | | Net Cash | $5,700 | $5,300 | [Management Commentary & Operational Highlights](index=1&type=section&id=Management%20Commentary%20%26%20Operational%20Highlights) Management highlighted improved bottom-line performance driven by operating expense reductions and an improved FY'25 gross margin. The company secured a significant laser projector contract and emphasized ongoing opportunities in cinema technology upgrades, including laser projection and Direct View LED displays, alongside a stable base of recurring service revenue - The company improved its **Q4'25 and FY'25 bottom-line performance**, as progress in reducing operating expenses more than offset higher revenues in the year-ago periods[4](index=4&type=chunk) Gross Margin Performance | Period | Q4'25 | Q4'24 | FY'25 | FY'24 | | :---------------- | :---- | :---- | :---- | :---- | | Gross Margin % | 20.4% | 22.5% | 25.2% | 23.3% | - Moving iMage secured a contract to install **150 Barco laser cinema projectors over three years** for a long-time U.S. film exhibition customer[4](index=4&type=chunk) - Key areas of opportunity include ongoing upgrades to **laser projection technology**, **Direct View LED display formats**, **PLF upgrades**, and **immersive audio solutions**[5](index=5&type=chunk)[6](index=6&type=chunk) - The company has built a largely recurring base of **$8,000 to $9,000 in annual revenue** from customers' ongoing parts, component replacement, design, and service needs[7](index=7&type=chunk) [Business Outlook](index=2&type=section&id=Business%20Outlook) The company anticipates a modest increase in cinema technology upgrades for FY'26, with revenue expectations weighted towards the second half and Q1'26 projected at approximately $4.9 million [FY'26 Outlook and Q1'26 Expectations](index=2&type=section&id=FY%26%2339%3B26%20Outlook%20and%20Q1%26%2339%3B26%20Expectations) Moving iMage Technologies is cautiously optimistic for FY'26, anticipating a modest increase in cinema technology upgrades. Revenue expectations for FY'26 are weighted towards the second half, with Q1'26 revenue projected at approximately $4.9 million - Moving iMage is cautiously optimistic regarding its **FY'26 outlook** and the potential for a modest ramp in cinema technology upgrades[8](index=8&type=chunk) - **FY'26 revenue expectations** are currently more weighted to the second half, given industry planning and budget cycles[8](index=8&type=chunk) Q1'26 Revenue Expectation (in thousands) | Metric | Q1'26 (Expected) | | :---------------- | :--------------- | | Revenue | $4,900 | [Financial Review](index=2&type=section&id=Financial%20Review) The company reported declining net sales for Q4'25 and FY'25, yet achieved improved net losses in both periods due to effective operating expense management and enhanced gross margins [Q4'25 Financial Performance](index=2&type=section&id=Q4%26%2339%3B25%20Financial%20Performance) In Q4'25, net sales declined by 7.3% primarily due to reduced customer project activity. Despite this, the company significantly improved its net loss by 62.5% to ($156K) from ($416K) in Q4'24, largely driven by a 26.5% reduction in operating expenses Q4'25 Key Financials (in thousands) | Metric | Q4'25 | Q4'24 | Change (%) | | :---------------------- | :---- | :---- | :--------- | | Net Sales | $5,883 | $6,349 | -7.3% | | Gross Profit | $1,202 | $1,429 | -15.9% | | Gross Margin % | 20.4% | 22.5% | -2.1 pp | | Operating Expenses | $1,389 | $1,891 | -26.5% | | Net Loss | ($156) | ($416) | +62.5% | | EPS | ($0.02) | ($0.04) | +$0.02 | - The **decrease in Q4'25 net sales** was principally due to reduced customer project activity and the impact of theater seating revenues recorded in the year-ago period[9](index=9&type=chunk) - **Q4'25 operating expenses decreased** due to Moving iMage's expense management initiatives, with **selling and marketing expenses down 34.3%** and **general and administrative expenses down 21.6%**[12](index=12&type=chunk) [FY'25 Financial Performance](index=3&type=section&id=FY%26%2339%3B25%20Financial%20Performance) For the full fiscal year 2025, revenue declined by 9.9% to $18.15M. However, the company improved its gross margin to 25.2% and reduced operating expenses by 9.4%, resulting in a 30.9% improvement in net loss to ($0.95M) compared to ($1.37M) in FY'24 FY'25 Key Financials (in thousands) | Metric | FY'25 | FY'24 | Change (%) | | :---------------------- | :---- | :---- | :--------- | | Revenue | $18,147 | $20,139 | -9.9% | | Gross Profit | $4,573 | $4,683 | -2.4% | | Gross Margin % | 25.2% | 23.3% | +1.9 pp | | Operating Expenses | $5,659 | $6,240 | -9.4% | | Net Loss | ($948) | ($1,372) | +30.9% | | EPS | ($0.10) | ($0.13) | +$0.03 | - **FY'25 revenue declined** principally due to reduced customer project activity[12](index=12&type=chunk) - The **improvement in FY'25 operating expenses** was driven by lower compensation expense, more effective use of sales and marketing budgets, and continued discipline around public company costs[12](index=12&type=chunk) [Conference Call Details](index=3&type=section&id=Conference%20Call%20Details) The company provided comprehensive details for its investor conference call, including dial-in information, instant access options, and replay availability [Investor Call Information](index=3&type=section&id=Investor%20Call%20Information) The company provided comprehensive details for its investor conference call, including dial-in numbers, a 'Call me™' link for instant access, and information regarding the transcript and replay availability - Dial-in Number: **1-877-407-4018**; Toll/International Number: **1-201-689-8471**[11](index=11&type=chunk) - A **'Call me™' link** is available for instant telephone access to the event, active 15 minutes prior to the scheduled start time[11](index=11&type=chunk) - Transcript will be posted online **48 hours** after the event. Telephone replay is available until **October 10, 2025, at 11:59 p.m. ET**[11](index=11&type=chunk) [About Moving iMage Technologies](index=4&type=section&id=About%20Moving%20iMage%20Technologies) Moving iMage Technologies (MiT) is a leading provider of out-of-home entertainment technology and services, offering integrated systems, proprietary products, and equipment distribution for various venues [Company Overview and Offerings](index=4&type=section&id=Company%20Overview%20and%20Offerings) Moving iMage Technologies (MiT) is a trusted partner in delivering state-of-the-art out-of-home entertainment environments, founded in 2003. The company provides products, integrated systems design, custom engineering, proprietary products, software, and installation services for various entertainment spaces, including cinemas, Esports venues, and stadiums. MiT also manufactures digital cinema peripherals and distributes equipment from major industry brands, complemented by its Caddy Products division - MiT provides **products, integrated systems design, custom engineering, proprietary products, software, and installation services** for cinemas, screening rooms, postproduction facilities, high-end home theaters, Esports venues, arenas, stadiums, and other entertainment spaces[14](index=14&type=chunk) - MiT manufactures a broad line of **digital cinema peripherals** in the U.S., including automation systems, projector pedestals/bases, projector lifts, hush boxes, direct-view LED frames, lighting fixtures and dimmers, power management devices, operations software, and Esports platforms[15](index=15&type=chunk) - The company distributes and integrates cinema equipment from leading brands such as **Barco, Sharp (NEC) Digital Cinema, Christie Digital, Dolby, LG, and Samsung**[15](index=15&type=chunk) - MiT's **Caddy Products division** designs and sells cupholders, concession trays, and venue accessories to enhance concession sales and improve the guest experience[16](index=16&type=chunk) [Financial Statements](index=5&type=section&id=Financial%20Statements) The financial statements reveal an increase in total assets and cash, alongside improved operating cash flow, despite a decline in net sales for both Q4'25 and FY'25 [Consolidated Balance Sheets](index=5&type=section&id=Consolidated%20Balance%20Sheets) The consolidated balance sheets show an increase in total assets to $10.888 million at June 30, 2025, from $10.523 million in the prior year, primarily driven by higher cash and accounts receivable, and a significant increase in right-of-use assets. Total liabilities also increased, while stockholders' equity decreased Consolidated Balance Sheets Highlights (in thousands) | Metric | June 30, 2025 | June 30, 2024 | | :-------------------------- | :------------ | :------------ | | Cash | $5,715 | $5,278 | | Accounts receivable, net | $1,464 | $1,048 | | Inventories, net | $2,066 | $3,117 | | Total Current Assets | $9,407 | $9,913 | | Right-of-use asset | $1,087 | $144 | | Total Assets | $10,888 | $10,523 | | Total Current Liabilities | $5,113 | $4,813 | | Total Long-Term Liabilities | $918 | — | | Total Liabilities | $6,031 | $4,813 | | Total Stockholders' Equity | $4,857 | $5,710 | [Consolidated Statements of Operations](index=6&type=section&id=Consolidated%20Statements%20of%20Operations) The consolidated statements of operations reflect a decline in net sales for both Q4'25 and FY'25. Despite this, the company achieved improved net losses in both periods, primarily due to effective management of operating expenses and an improved gross margin percentage for the full fiscal year Consolidated Statements of Operations (in thousands, except share and per share amounts) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Twelve Months Ended June 30, 2025 | Twelve Months Ended June 30, 2024 | | :-------------------------- | :------------------------------- | :------------------------------- | :-------------------------------- | :-------------------------------- | | Net sales | $5,883 | $6,349 | $18,147 | $20,139 | | Cost of goods sold | $4,681 | $4,920 | $13,574 | $15,456 | | Gross profit | $1,202 | $1,429 | $4,573 | $4,683 | | Total operating expenses | $1,389 | $1,891 | $5,659 | $6,240 | | Operating (loss) | ($187) | ($462) | ($1,086) | ($1,557) | | Net (loss) | ($156) | ($416) | ($948) | ($1,372) | | Weighted average shares outstanding: basic and diluted | 9,936,380 | 10,487,857 | 9,910,244 | 10,482,857 | [Consolidated Statements of Cash Flows](index=7&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) The consolidated statements of cash flows show a significant improvement in operating activities, with net cash provided turning positive to $437 thousand in FY'25 from a negative $796 thousand in FY'24. This, combined with minimal investing and financing activities, led to an overall increase in cash at the end of the period Consolidated Statements of Cash Flows (in thousands) | Metric | Year Ended June 30, 2025 | Year Ended June 30, 2024 | | :------------------------------------------ | :----------------------- | :----------------------- | | Net (loss) | ($948) | ($1,372) | | Net cash provided by (used in) operating activities | $437 | ($796) | | Net cash (used in) investing activities | — | ($12) | | Net cash (used in) financing activities | — | ($530) | | Net increase (decrease) in cash | $437 | ($1,338) | | Cash, beginning of the period | $5,278 | $6,616 | | Cash, end of the period | $5,715 | $5,278 | - Non-cash investing and financing activities for FY'25 included **$207 thousand** for right-of-use assets from new leases and **$988 thousand** from lease modification[23](index=23&type=chunk) [Forward-Looking Statements](index=4&type=section&id=Forward-Looking%20Statements) This section serves as a standard disclaimer, clarifying that statements about future events are forward-looking and subject to risks, with no commitment to updates [Disclaimer on Future Projections](index=4&type=section&id=Disclaimer%20on%20Future%20Projections) This section serves as a standard disclaimer, clarifying that statements about future events are forward-looking and subject to risks. Actual results may differ materially from these projections, and the company does not commit to updating them - Statements using words like "believe," "anticipate," "expect," "plan," "intend," "estimate," "target" are considered **forward-looking statements**[13](index=13&type=chunk) - **Actual results may differ materially** from those expressed or implied by forward-looking statements due to numerous important factors detailed in SEC filings[13](index=13&type=chunk) - The company assumes **no obligation to update** any forward-looking statements, to the extent permitted under applicable law[13](index=13&type=chunk) [Investor Relations](index=4&type=section&id=Investor%20Relations) This section provides contact details for investor relations inquiries, including names, email, and phone number [Contact Information](index=4&type=section&id=Contact%20Information) This section provides contact details for investor relations inquiries, including names, email, and phone number - **Investor Relations Contacts**: **Chris Eddy** or **David Collins** at **Catalyst IR**[17](index=17&type=chunk) - **Email**: **mitq@catalyst-ir.com**; **Phone**: **212-924-9800**[17](index=17&type=chunk) ```

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40511 MOVING IMAGE TECHNOLOGIES, INC. (Exact Name of Registrant as Specified in Its Charter) Delaware 85-1836381 State or Other Jurisdiction of Inco ...

Core Insights - Future is focused on driving business momentum and establishing a strong connection with brands through community building [2] - The company operates a global media group with a diverse audience of over 475 million and approximately 200 brands across various verticals [3] Company Overview - Future is a global specialist media group that reaches a diversified and intent-led audience [3] - The company operates around 200 brands, including super brands, across sectors such as technology, gaming, news, wealth, style, and luxury [3] - Future's brands are platform agnostic, allowing high-intent audiences to access content across various platforms [3]

Financial Data and Key Metrics Changes - Q4 2025 revenue declined 7.3% to $5.88 million compared to $6.35 million in Q4 2024 due to reduced customer project activity [14] - Gross profit dollars decreased to $1.2 million in Q4 2025 from $1.43 million in Q4 2024, with a gross margin of 20.4% versus 22.5% in Q4 2024 [14][15] - Fiscal year 2025 revenue declined 9.9% to $18.15 million from $20.14 million in 2024, with an improved gross margin percentage of 25.2% compared to 23.3% in 2024 [15][16] - Net loss for 2025 was $948,000 or minus $0.10 per share, improving from a net loss of $1.372 million or minus $0.13 per share in 2024 [16] Business Line Data and Key Metrics Changes - The company reported a solid sequential improvement in Q4 2025 revenue from Q3 2025, which was $3.57 million [11] - The operational items contributing to the annual recurring revenue base of $8 to $9 million are dependent on the customer base, with expectations for growth as the customer base expands [29] Market Data and Key Metrics Changes - The domestic box office revenue saw a 37% increase year-over-year, reaching approximately $2.6 billion in the June quarter, indicating a rebound in consumer demand [5] - The total domestic revenue for 2025 is expected to be approximately $9.4 billion, supported by major year-end releases [5] Company Strategy and Development Direction - The company aims to reduce exposure to business cycles in the cinema equipment industry and seeks to build a more predictable and recurring business [7] - There is a focus on building international channels as part of the strategic growth plan, evaluating complementary products or services to expand geographical reach [9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about new business opportunities driven by box office strength and customer commitment to upgrading theater technologies [4][12] - The company is navigating macroeconomic headwinds and expects revenue in the second half of 2026 to be stronger than in the first half [17] Other Important Information - The company has no long-term debt and ended the fiscal year with a net cash position of $5.7 million [16][17] - Cost management initiatives have led to a reduction in operating expenses by 26.5% in Q4 2025 compared to Q4 2024 [15] Q&A Session Summary Question: Size of the funnel of new opportunities compared to the beginning of the year - The funnel of new opportunities continues to grow and evolve, with a positive outlook as customer activity increases [22][23] Question: Update on LEA professional power amplifiers - There is still optimism regarding LEA professional power amplifiers, with ongoing testing processes in larger organizations [24][25] Question: Status of bids for large sports venues - The company is still actively bidding on various projects related to large sports venues [26] Question: Recurring revenue base and its growth - The recurring revenue base consists of operational items dependent on the customer base, with expectations for growth as the customer base expands [29] Question: Margins on recurring revenue compared to corporate average - Margins on recurring revenue are customer-specific and product-specific, generally aligning with the corporate average [30][31] Question: Opportunities outside the U.S. and expected revenue generation - The company is actively pursuing opportunities outside the U.S., but specific timing for meaningful revenue generation cannot be discussed at this point [34][36]

Financial Data and Key Metrics Changes - Q4 2025 revenue declined 7.3% to $5.88 million compared to $6.35 million in Q4 2024 due to reduced customer project activity [14] - Fiscal year 2025 revenue decreased 9.9% to $18.15 million from $20.14 million in 2024, primarily due to reduced customer project activity [16] - Q4 2025 gross profit decreased to $1.2 million from $1.43 million in Q4 2024, with a gross margin of 20.4% compared to 22.5% in Q4 2024 [14] - Fiscal year 2025 gross margin improved to 25.2% from 23.3% in 2024, benefiting from a focus on higher margin products [16] - Q4 2025 operating loss improved to $187,000 from a loss of $462,000 in Q4 2024 [15] - Net loss for fiscal year 2025 was $948,000 or -$0.10 per share, an improvement from a net loss of $1.372 million or -$0.13 per share in 2024 [16] Business Line Data and Key Metrics Changes - The company is focused on enhancing customer experience through technology upgrades, with a positive outlook for new business opportunities driven by box office strength [4][5] - The company’s marketing plan emphasizes brand visibility and driving qualified sales leads through industry trade shows [8] - The company is actively pursuing international channels for long-term growth and evaluating complementary products or services [9] Market Data and Key Metrics Changes - The domestic box office revenue saw a 37% increase year-over-year, reaching approximately $2.6 billion in the June quarter [5] - Total domestic revenue for 2025 is expected to be approximately $9.4 billion, supported by major year-end releases [5] Company Strategy and Development Direction - The company aims to reduce exposure to business cycles in the cinema equipment industry and build a base of more predictable and recurring business [7] - The company is committed to ongoing cost management and cash preservation to navigate the evolving marketplace [12] Management Comments on Operating Environment and Future Outlook - Management expressed optimism about new business opportunities due to a rebound in consumer demand and box office momentum [4] - The company anticipates stronger revenue in the second half of 2026 compared to the first half, largely due to customer project timing [17] Other Important Information - The company’s net cash position grew to $5.7 million at the close of 2025, with no long-term debt [16] - The company is in dialogue with large regional exhibitors for premium cinema equipment over the next 12-24 months [12] Q&A Session Summary Question: Size of the funnel of new opportunities compared to the beginning of the year - The funnel of new opportunities continues to grow and evolve, with a positive outlook as customer activity increases [20][21] Question: Update on LEA professional power amplifiers - The company remains optimistic about LEA professional power amplifiers, with ongoing testing processes in larger organizations [22] Question: Status on bids for large sports venues - The company is still actively bidding on various projects related to large sports venues [23] Question: Recurring revenue base and growth expectations - The recurring revenue base of $8 million - $9 million consists of operational items and is expected to grow as the customer base expands [25] Question: Margins on recurring revenue - Margins on recurring revenue are generally in the middle range, providing a predictable revenue and margin stream [27] Question: Opportunities outside the U.S. - The company is actively pursuing international opportunities but cannot provide specific timing for revenue generation from outside the U.S. [28][29]

Financial Data and Key Metrics Changes - Q4 2025 revenue declined 7.3% to $5.88 million compared to $6.35 million in Q4 2024 due to reduced customer project activity [14] - Gross profit dollars decreased to $1.2 million in Q4 2025 from $1.43 million in Q4 2024, with a gross margin of 20.4% versus 22.5% in Q4 2024 [14] - Fiscal year 2025 revenue declined 9.9% to $18.15 million from $20.14 million in 2024, with an improved gross margin percentage of 25.2% compared to 23.3% in 2024 [15][16] - Net loss for 2025 was $948,000 or minus $0.10 per share, improving from a net loss of $1.372 million or minus $0.13 per share in 2024 [16] Business Line Data and Key Metrics Changes - The company reported a solid sequential improvement in Q4 2025 revenue from Q3 2025, which was $3.57 million [11] - The company is focused on converting identified market opportunities into revenue, particularly in cinema technology upgrades and special projects [6][7] Market Data and Key Metrics Changes - The domestic box office saw a substantial rebound in the June quarter, generating approximately $2.6 billion in revenue, a 37% increase year-over-year [5] - The total domestic revenue for 2025 is expected to reach approximately $9.4 billion, supported by major year-end releases [5] Company Strategy and Development Direction - The company aims to reduce exposure to business cycles in the cinema equipment industry and seeks to build a more predictable and recurring revenue base [6][7] - The marketing plan focuses on building brand visibility and driving qualified sales leads through key industry trade shows [8] - The company is actively identifying and evaluating complementary products or services to expand its geographical reach and enhance long-term growth [9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about new business opportunities driven by box office strength and customer demand for technology upgrades [4][5] - The company is navigating macroeconomic headwinds and expects a modest rebound in box office performance, which may delay technology refreshes and investments [11][12] - Management emphasized ongoing cost management and cash preservation to ensure sufficient resources for future growth [12] Other Important Information - The company recorded a Q4 2025 operating loss of $187,000, an improvement from a loss of $462,000 in Q4 2024 [15] - The net cash position grew to $5.7 million at the close of 2025, with no long-term debt [16][17] Q&A Session Summary Question: What is the size of the funnel of new opportunities compared to the beginning of the year? - The funnel of new opportunities continues to grow and evolve, with a positive outlook as customer activity increases [20][21] Question: Update on LEA professional power amplifiers? - The company remains optimistic about LEA professional power amplifiers, which are undergoing a lengthy testing process before being operationally approved [22] Question: Status on bids for large sports venues? - The company is still actively bidding on various projects related to large sports venues [23] Question: Details on the recurring revenue base? - The recurring revenue base consists of operational items dependent on the customer base, with expectations for growth as the customer base expands [25] Question: Are margins on recurring revenue above or below corporate average? - Margins on recurring revenue are generally in the middle, providing a predictable revenue and margin stream [26][28] Question: Opportunities outside the U.S.? - The company is exploring opportunities outside the U.S. but cannot provide specific timing for revenue generation from these efforts [29][30]

Financial Data and Key Metrics Changes - Q4 2025 revenue declined 7.3% to $5.88 million compared to $6.35 million in Q4 2024 due to reduced customer project activity [13] - Gross profit decreased to $1.2 million in Q4 2025 from $1.43 million in Q4 2024, with a gross margin of 20.4% versus 22.5% in Q4 2024 [13] - Fiscal year 2025 revenue declined 9.9% to $18.15 million from $20.14 million in 2024, with an improved gross margin percentage of 25.2% compared to 23.3% in 2024 [15] - The company recorded a net loss of $948,000 or minus $0.10 per share in 2025, improving from a net loss of $1.372 million or minus $0.13 per share in 2024 [15] Business Line Data and Key Metrics Changes - The company experienced a solid sequential improvement in Q4 2025 revenue from $3.57 million in Q3 2025 [10] - Operating expenses were reduced by 26.5% to $1.39 million in Q4 2025 compared to $1.89 million in Q4 2024, achieved through headcount reduction and efficiency improvements [14] Market Data and Key Metrics Changes - The domestic box office revenue saw a 37% increase year-over-year, reaching approximately $2.6 billion in the June quarter, indicating a rebound in consumer demand [4] - The total domestic revenue for 2025 is expected to be approximately $9.4 billion, supported by major year-end releases [4] Company Strategy and Development Direction - The company aims to reduce exposure to business cycles in the cinema equipment industry and seeks to build a more predictable and recurring revenue base [5] - There is a focus on expanding international channels and evaluating complementary products or services to enhance business scope and geographical reach [8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about new business opportunities driven by box office strength and customer commitment to upgrading theater technologies [3][5] - The company anticipates that revenue in the second half of 2026 will be stronger than in the first half, with an expected revenue of approximately $4.9 million in Q1 2026 [16] Other Important Information - The company has grown its net cash position to $5.7 million at the close of 2025, with no long-term debt [15] - The company is actively pursuing opportunities outside the U.S. but has not provided specific timelines for revenue generation from these efforts [28][29] Q&A Session Summary Question: Size of the funnel of new opportunities compared to the beginning of the year - The funnel of new opportunities continues to grow and evolve, with a positive outlook as customer activity increases [20] Question: Update on LEA professional power amplifiers - Management remains optimistic about LEA amplifiers, noting that the sales process involves lengthy testing before operational approval [21] Question: Status of bids for large sports venues - The company is still actively bidding on various projects related to large sports venues [22] Question: Details on annual recurring revenue base - The recurring revenue base of $8 to $9 million consists of operational items and is expected to grow as the customer base expands [24] Question: Margins on recurring revenue - Margins on recurring revenue are customer-specific and product-specific, generally aligning with the corporate average [25] Question: Opportunities outside the U.S. - The company is exploring both partnerships and potential employee placements outside the U.S. but has not provided specific timelines for revenue generation [27][29]

Company Performance - Moving iMage Technologies reported a Q4'25 net loss of $156,000, an improvement from a net loss of $416,000 in Q4'24 [6][14] - For FY'25, the company experienced a revenue decline of 9.9% to $18.15 million compared to $20.14 million in FY'24, primarily due to reduced customer project activity [14][10] - The year-end net cash position improved to $5.7 million, or approximately $0.57 per share, compared to $5.3 million, or $0.53 per share, at the end of FY'24 [6][14] Financial Highlights - Q4'25 operating expenses decreased by 26.5% to $1.4 million from $1.9 million in Q4'24, reflecting effective expense management [6][14] - FY'25 gross margin improved to 25.2% from 23.3% in FY'24, indicating a focus on higher margin product opportunities [6][14] - The company secured a contract to install 150 Barco laser cinema projectors over three years for a long-time U.S. film exhibition customer [6] Industry Outlook - The company is cautiously optimistic about FY'26, anticipating a modest increase in cinema technology upgrades to next-generation solutions [10] - There is a significant opportunity for upgrading thousands of auditoriums in the coming years, particularly with laser projection and Direct View LED display technologies [8][10] - The cinema industry is seeing improving box office performances, which is expected to support technology upgrades and new venue developments [3][10]

Group 1 - Moving iMage Technologies will report Q4 and year-end fiscal 2025 results on September 26, 2025, before the market opens and will host an investor call at 11:00 am ET [1] - The company focuses on providing cutting-edge out-of-home entertainment technology and services for various venues including cinema, Esports, stadiums, and arenas [1][3] - Founded in 2003, Moving iMage Technologies offers a range of products and services including integrated systems design, custom engineering, and installation services for entertainment spaces [3][4] Group 2 - The company manufactures a wide array of digital cinema peripherals in the U.S., such as automation systems, projector pedestals, and lighting fixtures [4] - Moving iMage Technologies also distributes and integrates cinema equipment from notable brands including Barco, Christie Digital, and Dolby [4] - The Caddy Products division of the company designs and sells accessories that enhance concession sales and improve the guest experience [6]