Moving iMage Technologies(US:MITQ)2025-11-18 18:36Revenue and Profitability - Q1'26 revenue increased by 6.2% to $5.6M compared to $5.3M in Q1'25, primarily driven by the delivery of a custom cinema project[4] - Q1'26 gross profit rose by 22.0% to $1.7M from $1.4M in Q1'25, reflecting a focus on higher margin opportunities[4] - Q1'26 gross margin percentage improved to 30.0% from 26.1% in Q1'25, driven by model mix and the timing of a custom cinema project[4] - Operating income for Q1'26 was $350k, a significant improvement from a loss of $68k in the same quarter last year, due to gross profit improvement and an 8% decrease in operating expenses[4] - Net income for Q1'26 was $509k, or $0.05 per share, compared to a net loss of $25k, or $0.00 per share, in Q1'25[4] Working Capital and Acquisitions - Working capital increased by 12.4% to $4.8M at the end of Q1'26, including cash of $5.5M, approximately $0.54 per common share[4] - The company acquired the DCS cinema loudspeaker line for $1.5M in cash, enhancing its product offerings and competitive position[4] - The DCS loudspeaker line is expected to strengthen the company's market presence, particularly in Europe and the Middle East[5] Future Projections and Strategic Focus - Q2'26 revenue is projected to be approximately $3.4M, reflecting seasonality and the pull-through of some revenue into Q1'26[8] - The company remains focused on margin and cost mitigation initiatives to improve performance in varying market conditions[8]