<span item_type="fundamental" item_id="70ec05314aa8f0d4e247315fb2af56d1" counter_id="ST/US/MITQ" env="prod"></span><span item_type="announcement" item_id="582760149439356417" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 5.582 M.</p><p>EPS: As of FY2026 Q1, the actual value is USD 0.05.</p><p>EBIT: As of FY2026 Q1, the actual value is USD 319 K.</p><p></p><h3>Segment Revenue</h3><ul><li>Net sales increased 6.3% to $5.582 million for the three months ended September 30, 2025, from $5.252 million for the three months ended September 30, 2024, due to higher one-time sales.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1770236/000143774925035100/mitq20250930_10q.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li>Gross profit increased by $0.302 million or 22.0% to $1.674 million for the three months ended September 30, 2025, from $1.372 million for the three months ended September 30, 2024. Gross profit percentage increased to 30.0% from 26.1% due to higher margin product revenues.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1770236/000143774925035100/mitq20250930_10q.htm"></span></li><li>Research and development expenses decreased by $0.013 million or 21.3% for the three months ended September 30, 2025, compared to the three months ended September 30, 2024, due to headcount reduction.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1770236/000143774925035100/mitq20250930_10q.htm"></span></li><li>Selling, general and administrative expenses decreased by $0.103 million or 7.5% due to lower compensation expense, lower rent, and lower travel and related costs in the three months ended September 30, 2025, compared to the three months ended September 30, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1770236/000143774925035100/mitq20250930_10q.htm"></span></li><li>Net income was $0.509 million for the three months ended September 30, 2025, compared to a net loss of - $0.025 million for the three months ended September 30, 2024, an improvement in loss reduction of $0.534 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1770236/000143774925035100/mitq20250930_10q.htm"></span></li></ul><h3>Cash Flow</h3><ul><li>Net cash used in operating activities was - $0.167 million for the three months ended September 30, 2025, primarily due to - $0.804 million in working capital decreases, offset by $0.509 million in net income and $0.128 million in other non-cash expenses.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1770236/000143774925035100/mitq20250930_10q.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li>The company plans to invest in sales and support operations to support new product initiatives and budget goals, targeting new customers and expanding sales to existing customers.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1770236/000143774925035100/mitq20250930_10q.htm"></span></li><li>The company aims to maintain gross margins by focusing on increased sales volume and reducing operating costs, introducing new products and services with higher gross margins.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1770236/000143774925035100/mitq20250930_10q.htm"></span></li><li>The company expects continued decreases in total operating expenses in the foreseeable future to meet revenue and cost control objectives.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1770236/000143774925035100/mitq20250930_10q.htm"></span></li></ul>

Moving Image Tech | 10-Q: FY2026 Q1 Revenue: USD 5.582 M