Moving iMage Technologies, Inc. (NYSE:MITQ) Q1 2023 Results Conference Call November 15, 2022 11:00 AM ET Company Participants Brian Siegel - Hayden IR Philip Rafnson - Chairman and CEO Jose Delgado - Co-Founder, EVP of Sales and Marketing Michael Sherman - CFO Conference Call Participants Operator Greetings, and welcome to the Moving iMage Technologies First Quarter Fiscal 2023 Earnings Call. At this time, all participants are in a listen only mode. A question-and-answer session will follow the formal pres ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 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) (State or other jurisdi ...

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act. Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒ Indicate by check mark if the regis ...

Financial Data and Key Metrics Changes - Fourth quarter revenue increased 167% to $5.6 million, driven by a pickup in projects for building or upgrading theaters [35] - Gross profit rose 256% to $1.5 million, with gross margin up 680 basis points to 26.8% [36] - Non-GAAP operating loss improved to $0.1 million from $0.6 million year-over-year, with non-GAAP net loss at $0.4 million or $0.04 per share compared to $0.6 million or $0.11 per share last year [37] Business Line Data and Key Metrics Changes - Projects accounted for roughly two-thirds of revenue, with margins in the mid-teens, while installation services had margins in the mid-20s and proprietary manufactured offerings ranged from 35% to 55% [32][33] - The acquisition of the USL product line is expected to enhance the product mix and improve margins [17][40] Market Data and Key Metrics Changes - The cinema industry is recovering from COVID-19, with box office receipts expected to improve significantly in 2022 and 2023 due to a strong slate of blockbuster releases [7][8] - Government grants from the CARES Act have provided significant funding to cinema operators, contributing to a multi-year growth cycle [9][10] Company Strategy and Development Direction - The company is focusing on a four-pillar growth strategy: driving revenue growth through higher-margin products, expanding beyond cinema into stadiums and esports, entering international markets, and pursuing accretive M&A [16][21][26][27] - The introduction of disruptive products like CineQC and MI Translator is part of the long-term growth strategy [18][20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the industry's recovery despite potential geopolitical disruptions and inflation, maintaining a revenue guidance of $22 million to $23.5 million for fiscal 2023 [39][48] - The company anticipates strong gross margin expansion due to a shift towards higher-margin proprietary products and improved performance from existing product lines [40] Other Important Information - The company has no financial exposure to Cineworld, which filed for bankruptcy, and does not expect a negative impact on its business in fiscal 2023 [31] - Cash and cash equivalents decreased to $7 million, down $2.8 million from the previous quarter due to inventory acquisitions [38] Q&A Session Summary Question: Buyback situation and stock performance - The company is currently focused on ensuring capital for acquisitions and product development, with discussions on buyback policies to occur in upcoming board meetings [44] Question: Marketable securities and revenue expectations - Marketable securities are primarily short-term bonds, and the company expects margin expansion as revenues increase due to fixed costs [45][46] Question: Confidence in revenue guidance - Confidence in guidance is based on a strong macro view of the industry, despite economic headwinds [48] Question: Commentary on fiscal Q1 performance - Overall enthusiasm for the industry remains strong, and confidence in business performance is high [54] Question: Breakdown of fiscal '23 revenue guidance - Revenue guidance was derived from a balanced approach considering backlog, pipeline, and expected new product releases, with adjustments for potential disruptions [55] Question: Timing of new product rollouts - The domestic rollout for CineQC has been completed, with international expansion anticipated, while other new products are still in trial phases [57][59]

Moving IMage Technologies, Inc. (NYSE:MITQ) Q3 2022 Earnings Conference Call May 17, 2022 11:00 AM ET Company Participants Brian Siegel - IR, Hayden IR Phil Rafnson - Chairman and CEO Michael Sherman - CFO Conference Call Participants Operator Greetings and welcome to the Moving iMage Technologies Third Quarter Fiscal 2022 Earnings Results. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator instructions] Please note that thi ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 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) (State or other jurisdictio ...

Moving iMage Technologies, Inc. (NYSE:MITQ) Q2 2022 Earnings Conference Call February 9, 2022 11:00 AM ET Company Participants Brian Siegel - Investor Relations, Hayden IR Phil Rafnson - Chairman and Chief Executive Officer Michael Sherman - Chief Financial Officer [Transcript Provided by Company] Operator Greetings. Welcome to the Moving iMage Technologies Second Quarter Fiscal 2022 Earnings Results. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the for ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 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) (I.R.S. Employer Identi ...

Moving iMage Technologies, Inc. (NYSE:MITQ) Q1 2022 Earnings Conference Call November 11, 2021 4:30 PM ET Company Participants Phil Rafnson - Chairman and CEO Mike Sherman - CFO Joe Delgado - Executive VP of Sales and Marketing Conference Call Participants Operator Good afternoon, and welcome to the Moving iMage Technologies First Quarter Fiscal Year 2022 Earnings Conference Call and Webcast. With me today is Chairman and CEO, Phil Rafnson, CFO Mike Sherman and Executive VP of Sales and Marketing Joe Delgad ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Securities registered pursuant to Section 12(g) of the Act: (Title of Class) Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ¨ No x Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Act. Yes ¨ No x Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section ...