Moving iMage Technologies, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 13, 2026, reporting net income of $181 thousand on net sales of $6,094 thousand.

Key Highlights

  • Net sales of $6,094 thousand for the three months ended September 30, 2026, up from $5,582 thousand in the same period a year earlier, according to the filing.
  • Net income of $181 thousand for the quarter, compared to net income of $509 thousand in the three months ended September 30, 2025.
  • Gross profit of $1,472 thousand on cost of goods sold of $4,622 thousand, versus gross profit of $1,674 thousand in the prior-year quarter.
  • Cash increased to $5,687 thousand at September 30, 2026, from $3,193 thousand at June 30, 2026, with net cash provided by operating activities of $2,494 thousand.
  • Total assets of $12,088 thousand at September 30, 2026, up from $8,460 thousand at June 30, 2026.
  • Accumulated deficit narrowed to $7,320 thousand from $7,501 thousand at June 30, 2026, reflecting the quarter's net income.
  • Shares outstanding unchanged at 9,952,223 as of both September 30, 2026 and November 13, 2026.

Moving iMage Technologies' Financial Results for the Quarter Ended September 30, 2026

According to the filing, Moving iMage Technologies (NYSE American:MITQ) reported net sales of $6,094 thousand for the three months ended September 30, 2026, an increase from $5,582 thousand in the comparable prior-year period. Cost of goods sold rose to $4,622 thousand from $3,908 thousand, resulting in gross profit of $1,472 thousand, compared to $1,674 thousand a year earlier. Total operating expenses were $1,305 thousand, versus $1,324 thousand in the prior-year quarter, with selling and marketing expenses increasing to $569 thousand from $386 thousand and general and administrative expenses declining to $691 thousand from $890 thousand.

The company disclosed operating income of $167 thousand for the quarter, down from $350 thousand in the three months ended September 30, 2025. Other income totaled $14 thousand, consisting of interest and other income, net, compared to $159 thousand in the prior-year period, which included $128 thousand from extinguishment of payables. Net income for the quarter was $181 thousand, or $0.02 per basic and diluted share, versus $509 thousand, or $0.05 per basic and diluted share, in the prior-year quarter.

On the balance sheet, the filing reported total assets of $12,088 thousand at September 30, 2026, up from $8,460 thousand at June 30, 2026, driven in part by inventories rising to $3,539 thousand from $2,411 thousand and cash growing by $2,494 thousand. Total liabilities increased to $7,288 thousand from $3,850 thousand, with accounts payable climbing to $3,778 thousand from $1,329 thousand and customer deposits rising to $2,007 thousand from $948 thousand. Total stockholders' equity was $4,800 thousand at September 30, 2026. The filing stated that "based on the management's current estimates, it believes it will generate sufficient cash to sustain operations for a period of 12 months."

What Was Disclosed

Moving iMage Technologies filed its quarterly report for the period ended September 30, 2026, disclosing net income of $181 thousand, net sales of $6,094 thousand, and a cash balance of $5,687 thousand, with 9,952,223 shares of common stock outstanding.