MITQNYSEPhotographic Equipment & SuppliesUS GAAP · USD

Moving iMage Technologies, Inc

Moving iMage Technologies Inc. sells cinema and digital display equipment, along with related services, to customers that need specialized visual presentation systems. The company appears to focus on proprietary products and project-based sales, with revenue tied to customer orders, product mix, and the timing of installations and fulfillment.

Revenue17.3m USD
−4.6 %y/y
Operating profit (EBIT)-0.5m USD
+54.1 %y/y
EBIT margin-2.9%
+3.1 ppy/y
Net income-0.3m USD
+68.7 %y/y
Free cash flow-2.5m USD
−675.7 %y/y

Fiscal year 2026 · change from previous year

Development 2021–2026

-50510152025m USD2021: 7.2 m USD2021: EBIT -1.6 m USD20212022: 18 m USD2022: EBIT -1.8 m USD20222023: 20 m USD2023: EBIT -2.0 m USD20232024: 20 m USD2024: EBIT -1.6 m USD20242025: 18 m USD2025: EBIT -1.1 m USD20252026: 17 m USD2026: EBIT -0.50 m USD202617-0.50
RevenueOperating profit (EBIT)

Business

Share of revenue
Cinema equipment and supplies45 %

Products and components sold to cinema operators and related customers for theater presentation systems.

Digital display systems25 %

Higher-margin display products including Direct View LED screens and related visual systems.

Proprietary specialty systems15 %

Company-developed systems such as ADA-compliant multi-language solutions and other proprietary offerings.

Services and fulfillment support15 %

Assembly, packaging, sales support, and customer-related services tied to product delivery.

Customers

The company sells to a concentrated base of customers across many geographic regions, with top customers representing a large share of revenue. It targets new customers through field sales while also expanding sales to existing customers by adding products and services through the same channel.

Cinema operators and cinema-equipment buyers

Buy presentation and related equipment for theater installations and upgrades, driven by performance and reliability needs.

Large enterprise and institutional customers

Targeted through field sales for specialized display and presentation systems where technical merits and savings matter.

Existing installed-base customers

Buy additional products and services after initial adoption, supporting repeat revenue and cross-sell.

International distributors and regional buyers

Purchase across many geographic regions, helping diversify demand but increasing FX and credit exposure.

Strategy

The company is focused on adding new customers while expanding sales to its existing base through selective field-sales investment and product education. It is also trying to improve brand recognition and introduce new products with better margins, while controlling operating expenses and inventory risk.

Customer acquisition and account expansionShort term

Revenue depends on winning new accounts and selling more products to existing customers.

Product innovation and margin improvementMedium term

New offerings are intended to offset price erosion and improve gross profit.

Brand buildingMedium term

Customer references and brand recognition help win initial orders in a technical sales process.

Cost and inventory disciplineShort term

The business manages small inventory positions to reduce obsolescence and price erosion risk.

Geography

The company sells into many different geographic regions, but the excerpts do not provide a country-by-country revenue split. Management highlights exposure to foreign currency changes and economic or political conditions in the countries where it sells, indicating that international demand and collections matter to results.

Risks

The business is exposed to customer concentration, with the top ten customers accounting for a large portion of revenue and receivables. It also faces pricing pressure, inventory obsolescence, and demand volatility tied to customer order timing, while international sales add foreign exchange and political risk.

Sorted by severity
Customer concentrationHigh

Top ten customers represented about 44% of net revenues and 41% of receivables in 2025.

Exposure: Revenue and credit losses if a major customer reduces orders or delays payment.

Pricing pressure and competitionHigh

Average selling prices can decline due to competition and product obsolescence.

Exposure: Gross margin and profitability.

Inventory obsolescenceMedium

Technology changes and weak demand can leave inventory unsold or require write-downs.

Exposure: Cost of goods sold and working capital.

Foreign exchange and geopolitical exposureMedium

The company sells in many regions and notes sensitivity to currency and political conditions.

ExposureRevenue translationCollectionsDemand in foreign markets
Order timing and seasonalityMedium

Backlog conversion and customer requirements can shift quarter to quarter.

Exposure: Revenue comparability and near-term earnings volatility.

Accounting

Judgemental items
Revenue recognition under ASC 606

The company sells products and services under customer agreements that may include multiple obligations.

Impact: Timing of revenue and gross margin can vary by contract structure.

Inventory valuation and obsolescence

Management explicitly notes inventory risk and small-stock strategy to reduce write-downs.

Impact: Can affect cost of goods sold and reported gross profit.

Unearned warranty revenue

Cash flow discussion references changes in unearned warranty revenue within working capital.

Impact: Affects deferred revenue and the timing of recognized income.

Operating lease accounting

The company has material lease commitments for equipment and facilities.

Impact: Creates liabilities and fixed cash obligations.

Seasonality and backlog conversion

Management notes that sales cycle and fulfillment cycle can cause quarter-to-quarter fluctuations.

Impact: Makes interim results less comparable across periods.

Publicly listed companies with a comparable business focus.

Last updated: 28/04/2026