Moving iMage Technologies reported first‑quarter fiscal 2026 revenue of $5.6 million, a 6.2% year‑over‑year increase from $5.3 million in Q1 2025 and exceeding the company’s own prior outlook. The lift was driven by accelerated delivery of high‑margin laser‑projection and immersive‑audio systems, which shifted the product mix toward more profitable offerings and helped offset the modest growth in lower‑margin legacy equipment sales.
Gross margin expanded to 30.0% in Q1 2026 from 26.1% in the same quarter a year earlier, reflecting a favorable mix of high‑margin projects and improved operational efficiency. Operating expenses fell 8% to $1.32 million from $1.44 million, a result of disciplined cost management that included reductions in compensation, headcount, rent, and travel costs.
The quarter highlighted the completion of a 166‑seat cinema screening room at New York City’s Cherry Lane Theatre and significant refresh initiatives for Alamo Drafthouse locations in Texas. These high‑profile projects demonstrate the company’s ability to secure and execute on premium venues, reinforcing its pipeline and execution capability.
Management guided for Q2 2026 revenue of approximately $3.4 million, with gross margin expected to return to the lower levels seen in the prior year. The guidance signals a seasonal slowdown but also confidence that the company can maintain profitability through its focus on high‑margin offerings and continued international expansion.
On October 31 2025, Moving iMage acquired the Digital Cinema Speaker Series (DCS) loudspeaker line from QSC for $1.5 million in cash. The acquisition expands the company’s product portfolio, strengthens its competitive position in premium audio, and supports its strategy to grow in international markets.
Phil Rafnson, Chairman and CEO, said the quarter’s results “demonstrate the strength of our execution and the value we bring to cinema build‑outs and equipment replacement.” President and COO Francois Godfrey added that the DCS line “complements our existing customer dialogues and positions us as a leading provider of cinema technology solutions.” Together, the results, strategic acquisition, and guidance underscore Moving iMage’s momentum and its disciplined approach to growth and margin preservation.
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