Moving iMage Technologies (MITQ)
XASE:MITQ
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Earnings Data
Report Date
Sep 24, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
―Last Year’s EPS
-0.02Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a balanced picture: clear positive operational signs including meaningful margin expansion, a strong early revenue contribution from the newly acquired DCS Loudspeaker business, and improved operating and net loss metrics. However, these positives are tempered by a modest year-over-year revenue decline, a significant reduction in net cash driven by the acquisition and payment timing, inventory build tied to DCS, and continued (albeit smaller) losses. Management provided constructive guidance for Q4 and highlighted favorable industry trends, but liquidity and execution risks remain.Company Guidance
DCS Acquisition and Early Revenue Traction
MiT acquired DCS Loudspeakers for $1.5 million and generated $460,000 of DCS revenue in its first full quarter (Q3 2026), up from $17,000 in Q2 2026 (≈+2,605.9%). Current DCS backlog stands at approximately $375,000, most expected to ship before June 30, 2026. Management reported strong customer and partner feedback and noted 25+ international distributors engaged.
Gross Profit and Margin Expansion
Gross profit rose 11% to $1.2 million in Q3 2026. Gross margin expanded to 34.8% from 29.8% in Q3 2025 (an increase of 5.0 percentage points), driven primarily by higher-margin DCS product sales from inventory acquired earlier in the year.
Meaningful Improvement in Operating and Net Losses
Operating loss improved to $134,000 in Q3 2026 from a loss of $270,000 in Q3 2025 (improvement of $136,000, ≈+50.4%). Net loss improved to $122,000 ($0.01 per share) from $240,000 ($0.02 per share) in the prior-year period (improvement of $118,000, ≈+49.2%). Total operating expense was relatively flat, decreasing 1.2% to $1.32 million.
Positive Q4 Revenue Outlook and Market Tailwinds
Management guided Q4 2026 revenue of approximately $5.3 million (implying a sequential increase of about 55.9% vs Q3's $3.4M), citing seasonally stronger spring activity and growing momentum from the DCS business. Company highlighted favorable industry trends—PLF/immersive audio demand and a measured xenon-to-laser projection upgrade cycle—that support future revenue opportunities.
Balance Sheet and Operational Readiness
At quarter close MiT reported working capital of $4.3 million and no long-term debt, with inventory of $3.18 million (including DCS inventory of $1.39M) positioned to satisfy current backlog and support near-term sales fulfillment.
MITQ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
MITQ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 14, 2026 | $0.60 | $0.63 | +4.33% |
Feb 12, 2026 | $0.68 | $0.67 | -1.91% |
Nov 14, 2025 | $0.69 | $0.69 | -0.14% |
Sep 26, 2025 | $1.26 | $0.94 | -25.40% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Moving iMage Technologies (MITQ) report earnings?
Moving iMage Technologies (MITQ) is schdueled to report earning on Sep 24, 2026, After Close (Confirmed).
What is Moving iMage Technologies (MITQ) earnings time?
Moving iMage Technologies (MITQ) earnings time is at Sep 24, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is MITQ EPS forecast?
Currently, no data Available