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MITQ on NYSE

MOVING iMAGE TECHNOLOGIES INC.

American photographic equipment and supplies company, incorporated in Delaware1

In its 2026 annual report the company says: “The Company designs, manufactures, and distributes proprietary cinema products, peripherals, and cinema loudspeaker systems. The Company combines industry expertise with engineering, design, integration, procurement, installation, and project management capabilities to support new construction, renovations, and technology upgrades for commercial cinemas, screening rooms, post-production facilities, universities, museums, and other entertainment venues.”5 It is headquartered in Fountain Valley, California.1 Its shares trade on NYSE under the symbol MITQ.1

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Last updated Oct 21, 2026.

Overview

$17.3MRevenue, fiscal 20262
-$297.0KNet income, fiscal 20262

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  • TickerMITQ on NYSE1
  • IndustryPhotographic Equipment & Supplies1
  • HeadquartersFountain Valley, California1
  • Incorporated inDE3
  • Business address17760 Newhope Street, Fountain Valley, Ca 927083
  • Filer category, Emerging growth company3

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Moving iMage Technologies ("the Company") provides cinema and entertainment operators with the latest technology of products, and services. The Company designs, manufactures, and distributes proprietary cinema products, peripherals, and cinema loudspeaker systems. These products are sold independently and as part of our broader solutions offerings. The Company combines industry expertise with engineering, design, integration, procurement, installation, and project management capabilities to support new construction, renovations, and technology upgrades for commercial cinemas, screening rooms, post-production facilities, universities, museums, and other entertainment venues.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

29.1%Gross margin2
-2.9%Operating margin2
-1.7%Net margin2
-4.6%Revenue growth, 20262
-6.4%Return on equity2
-$2.5MFree cash flow2

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue71¢$12.3M
  • Research and development1¢$186.0K
  • Other costs28¢$4.8M

Out of $17.3M in revenue.2 The company lost money this year.

Financial statements

Revenue6782$17.3M in 2026+139% since 2021
0$10.0M$20.0M$30.0M2021: $7.2M$7.2M20212022: $18.4M$18.4M2022+153%2023: $20.2M$20.2M2023+10%2024: $20.1M$20.1M2024−0%2025: $18.1M$18.1M2025−10%2026: $17.3M$17.3M2026−5%
Gross profit67892$5.0M in 2026+198% since 2021
0$2.0M$4.0M$6.0M2021: $1.7M$1.7M20212022: $4.5M$4.5M2022+164%2023: $5.3M$5.3M2023+19%2024: $4.7M$4.7M2024−12%2025: $4.6M$4.6M2025−2%2026: $5.0M$5.0M2026+10%
Operating income67892-$498.0K in 2026−68% since 2021
-$2.0M-$1.5M-$1.0M-$500.0K02021: -$1.6M-$1.6M20212022: -$1.8M-$1.8M2022+13%2023: -$2.0M-$2.0M2023+12%2024: -$1.6M-$1.6M2024−21%2025: -$1.1M-$1.1M2025−30%2026: -$498.0K-$498.0K2026−54%
Net income67892-$297.0K in 2026−54% since 2021
-$2.0M-$1.5M-$1.0M-$500.0K02021: -$645.0K-$645.0K20212022: -$1.3M-$1.3M2022+109%2023: -$1.8M-$1.8M2023+34%2024: -$1.4M-$1.4M2024−24%2025: -$948.0K-$948.0K2025−31%2026: -$297.0K-$297.0K2026−69%

Every line of the income statement as filed: the last 2 fiscal years, latest first.2

Period ending2026-06-302025-06-30
Net sales$17.3M$18.1M
Cost of goods sold$12.3M$13.6M
Gross profit$5.0M$4.6M
Research and development$186.0K$203.0K
Selling and marketing$1.9M$1.9M
General and administrative$3.5M$3.6M
Total operating expenses$5.5M$5.7M
Operating income (loss)-$498.0K-$1.1M
Extinguishment of payables$128.0K$0
Interest and other income, net$73.0K$138.0K
Total other income$201.0K$138.0K
Net loss-$297.0K-$948.0K
Basic (in dollars per share)-$0.03-$0.10
Diluted (in dollars per share)-$0.03-$0.10
Basic (in shares)9.9M shares9.9M shares
Diluted (in shares)9.9M shares9.9M shares

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Corporate structure

MOVING iMAGE TECHNOLOGIES INC. sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of MOVING iMAGE TECHNOLOGIES INC.

  • Bevan Wright Filed SC 13G/A on MOVING iMAGE TECHNOLOGIES INC., latest Feb 15, 2022 (2 filings since Feb 14, 2022)
  • Philip L. Rafnson Filed SC 13G on MOVING iMAGE TECHNOLOGIES INC., latest Feb 14, 2022
  • MOVING iMAGE TECHNOLOGIES INC. Fountain Valley, California
    • MiT Acquisition Co., LLC Subsidiary · California, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What MOVING iMAGE TECHNOLOGIES INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$807.0K2 Jun 30, 2026$758.0K2 Jun 30, 2025+6.5%
Accumulated depreciation$756.0K2 Jun 30, 2026$743.0K2 Jun 30, 2025+1.7%
Property and equipment, net$51.0K2 Jun 30, 2026$15.0K2 Jun 30, 2025+240.0%
Operating-lease assets (leased space)$855.0K2 Jun 30, 2026$1.1M2 Jun 30, 2025−21.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$305.0K2 Jun 30, 2026$364.0K2 Jun 30, 2025−16.2%
Finite-lived intangibles, gross$1.1M2 Jun 30, 2026$1.1M2 Jun 30, 20250%
Accumulated amortization$813.0K2 Jun 30, 2026$754.0K2 Jun 30, 2025+7.8%
Finite-lived intangibles, net$305.0K2 Jun 30, 2026$364.0K2 Jun 30, 2025−16.2%

Inventory

ItemLatestA year beforeChange
Inventory, total$2.4M2 Jun 30, 2026$2.1M2 Jun 30, 2025+16.7%
Work in process$63.0K2 Jun 30, 2026$116.0K2 Jun 30, 2025−45.7%
Finished goods$4.3M2 Jun 30, 2026$3.0M2 Jun 30, 2025+44.0%

Properties, in its own words

Our corporate headquarters is located in Fountain Valley, California, and covers 14,700 square feet pursuant to an operating lease that expires in 2030 at a monthly rental of $20,267. We also lease an additional 6,300 square foot warehouse facility in Whittier, CA pursuant to an operating lease that expires in 2028 at a monthly rental of $6,209.

We lease all of our facilities and do not own any real property. We believe that our facilities are generally suitable to meet our current needs.

Item 2 of the 10-K filed Sep 28, 2026.5

Leadership

Who has led MOVING iMAGE TECHNOLOGIES INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Philip L. Rafnson2021–2022

President

  1. Francois Godfrey2024

Chief financial officer

  1. Michael R. Sherman2021–2022
  2. William F. Greene2023
  3. Barton John Bedard2026–now

Chief operating officer

  1. Francois Godfrey2024
2025
Board members and other officers (6)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • MiT Acquisition Co., LLC California4
  • Moving iMage Technologies, LLC California4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Sep 30, 20268-K Results of operations; Regulation FD disclosure21
  2. May 19, 20268-K Results of operations; Regulation FD disclosure22
  3. Apr 30, 20268-K Executive or director change23
  4. Apr 10, 20268-K Shareholder vote24
  5. Feb 13, 20268-K Results of operations; Regulation FD disclosure25
  6. Feb 6, 20268-K Director nominations26
  7. Nov 18, 20258-K Results of operations; Regulation FD disclosure27
  8. Nov 6, 20258-K Entered a material agreement; Completed an acquisition or sale; Regulation FD disclosure28
  9. Sep 29, 20258-K Results of operations; Regulation FD disclosure29
  10. May 19, 20258-K Results of operations; Regulation FD disclosure30
  11. Mar 28, 20258-K Executive or director change31
  12. Feb 13, 20258-K Results of operations; Regulation FD disclosure32
  13. Jul 7, 2021New chief executive Philip L. Rafnson becomes CEO12

Calendar

Coming up

  1. Nov 13, 2026Reports results for the quarter ending Sep/202633

When it reported results

  1. Sep 30, 2026Reported quarterly or annual results21
  2. May 19, 2026Reported quarterly or annual results22
  3. Feb 13, 2026Reported quarterly or annual results25
  4. Nov 18, 2025Reported quarterly or annual results27
  5. Sep 29, 2025Reported quarterly or annual results29
  6. May 19, 2025Reported quarterly or annual results30
  7. Feb 13, 2025Reported quarterly or annual results32
  8. Nov 18, 2024Reported quarterly or annual results34

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

101 filings to the SEC since October 2021: 6 annual reports, 16 quarterly reports, 45 major events, 21 insider forms, 3 large holders, 10 other. The latest 20:

  1. Sep 30, 20268-K EDGAR
  2. Sep 28, 202610-K EDGAR
  3. Sep 23, 20264 EDGAR
  4. Sep 23, 20263 EDGAR
  5. Sep 22, 20264 EDGAR
  6. Sep 22, 20264 EDGAR
  7. Sep 22, 20264 EDGAR
  8. May 19, 20268-K EDGAR
  9. May 14, 202610-Q EDGAR
  10. Apr 30, 20268-K EDGAR
  11. Apr 10, 20268-K EDGAR
  12. Mar 4, 2026DEFA14A EDGAR
  13. Mar 4, 2026DEFA14A EDGAR
  14. Feb 18, 2026DEF 14A EDGAR
  15. Feb 13, 20268-K EDGAR
  16. Feb 12, 202610-Q EDGAR
  17. Feb 6, 20268-K EDGAR
  18. Nov 18, 20258-K EDGAR
  19. Nov 14, 202510-Q EDGAR
  20. Nov 6, 20258-K EDGAR

The 101 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

2 open-market trades by officers, directors and large owners since October 2021: 2 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 27, 2022RAFNSON PHILIP L.CEO, Pres.Buy41,700$1.20$50.0KForm 4
May 19, 2022WRIGHT BEVANEVP OperationsBuy10,000$1.25$12.5KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Francois Godfrey54$209.1K$316.1K37
2025Philip Rafnson79$161.0K$261.0K37
2025Jose Delgado62$215.4K37
2025Bevan Wright56$215.3K37
2025William Greene69$203.1K37
2024Executive Vice PresidentSales and Marketing$233.7K$261.7K37
2024Chief Financial Officer$220.5K$248.5K37
2024President and Chief Executive Officer$218.7K$246.7K37
2024President and Chief Operating Officer$180.0K$188.0K37

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
OneAscent Financial Services LLC130,000$75.4K0.0%+30,000
Vanguard Capital Management LLC112,222$65.1K0.0%No change
Renaissance Technologies LLC101,400$58.8K0.0%−21,000
Geode Capital Management, LLC48,940$28.4K0.0%−32,089
Vanguard Fiduciary Trust Co42,755$24.8K0.0%No change
White Pine Capital LLC35,301$20.5K0.0%−25,581
XTX Topco Ltd26,229$15.2K0.0%+8,102
Jane Street Group, LLC25,069$14.5K0.0%New
State Street Corp22,685$13.2K0.0%No change
Susquehanna International Group, Llp14,713$8.5K0.0%New
Bridgeway Capital Management, LLC13,100$7.6K0.0%No change
Tower Research Capital LLC (TRC)4,989$2.9K0.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How MOVING iMAGE TECHNOLOGIES INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARMOVING iMAGE TECHNOLOGIES INC.1
  • CIK0001770236
  • Employer ID (EIN)85-18363815
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsJune 301
  • Industry code (SIC)3861 Photographic Equipment & Supplies1
  • SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
  • Business address17760 Newhope Street, Fountain Valley, CA 927081
  • Phone71475179981
  • Shares outstanding9,952,223 shares as of Sep 28, 20265
  • Public float$4.2M as of Dec 31, 20255
  • AuditorHASKELL & WHITE LLP, Irvine, California PCAOB ID 200; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceMar 13, 20191
  • Filings151 in all: 8-K (45), 4 (19), 10-Q (15), 3 (12), S-1/A (11), 10-K (6), CORRESP (5), DEF 14A (5)1
    All 31 form types

    FWP (5), DEFA14A (3), UPLOAD (3), S-8 (2), SC 13G (2), 1-A (1), 1-A-W (1), 10-K/A (1), 10-Q/A (1), 3/A (1), 4/A (1), 424B4 (1), 8-A12B (1), 8-K/A (1), CERT (1), DOS (1), DOS/A (1), EFFECT (1), NT 10-K (1), NT 10-Q (1), S-1 (1), S-1MEF (1), SC 13G/A (1)

  • Latest filingsAnnual report (10-K) Sep 28, 2026
    Quarterly report (10-Q) May 14, 2026
    Proxy statement (DEF 14A) Feb 18, 2026
    Latest 8-K (8-K) Sep 30, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.00001 per shareMITQNYSE American

From the cover page of the 10-K filed Sep 28, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks MOVING iMAGE TECHNOLOGIES INC. names in Item 1A of its 10-K filed Sep 28, 2026: 40 risks under these headings, as written.5

  • Risks Related to Our Business
  • General political, social and economic conditions can adversely affect our business.
  • Interruptions of, or higher prices of, products and services from our suppliers may affect our results of operations and financial performance.
  • If we are unable to timely introduce new products and services or enhance existing products and services, our business may be adversely affected.
  • We depend in part on distributors, dealers and resellers to sell and market our products and services, and our failure to maintain and further develop our sales channels could harm our business.
  • Our operating results could be materially harmed if we are unable to accurately forecast consumer demand for our products and services and adequately manage our inventory.
  • Our operating margins may decline as a result of increasing product costs.
  • Our sales and contract fulfillment cycles can be long, unpredictable and vary seasonally, which can cause significant variation in revenues and profitability in a particular quarter.
  • We are substantially dependent upon significant customers who could cease purchasing our products and services at any time.
  • Our success depends on our ability to maintain our brand. If events occur that damage our brand, our business and financial results may be harmed.
  • Any failure to offer high-quality customer support may harm our relationships with our customers and our results of operations.
  • The nature of our business exposes us to product liability claims as well as other legal proceedings.
The other 29 risks
  • We may not convert all of our backlog into revenue and cash flows.
  • We operate in a highly competitive market. If we do not compete effectively, our prospects, operating results, and financial condition could be adversely affected.
  • We are subject to competitive pricing pressure from our customers.
  • Our international operations subject us to indirect risks, which could adversely affect our operating results.
  • We are undertaking and may enter into new lines of business and these new business initiatives may not be successful.
  • We may need to raise additional capital required to grow our business, and we may not be able to raise capital on terms acceptable to us or at all.
  • We may make acquisitions that are dilutive to existing stockholders. In addition, our limited experience in acquiring other businesses, product lines and technologies may make it difficult for us to overcome problems encountered in connection with any acquisitions we may undertake.
  • We have limited human resources; we need to attract and retain highly skilled personnel; and we may be unable to manage our growth with our limited resources effectively.
  • We depend on our founders, senior professionals and other key personnel, and our ability to retain them and attract additional qualified personnel is critical to our success and our growth prospects.
  • If we are unable to maintain and protect our intellectual property, or if third parties assert that we infringe on their intellectual property rights, our business could suffer.
  • Our business could be adversely affected by security breaches through cyber-attacks, cyber intrusions or otherwise.
  • Natural disasters and other catastrophic events beyond our control, have and could continue in the future to adversely affect our business operations and financial performance.
  • Our business could be adversely affected by entertainment content provider labor disputes, strikes and shutdowns.
  • Trade disputes could have a material adverse impact on our business, financial condition, liquidity and results of operations.
  • We are subject to the rules and regulation of the NYSE American stock exchange and are required to comply with certain continued exchange listing standards and requirements or be subject to delisting.
  • Our business depends on motion picture production and performance and is subject to intense competition, including increases in alternative film delivery methods or other forms of entertainment.
  • Risks Related to Ownership of Our Common Stock
  • An active trading market may not develop or continue to be liquid and the market price of shares of our common stock may be volatile.
  • Our operating results and share price may be volatile and the market price of our Common Stock may decrease.
  • We may be subject to securities litigation, which is expensive and could divert management attention.
  • Insiders exercise significant control over our company and all corporate matters.
  • We are an “emerging growth company” and we intend to take advantage of reduced disclosure and governance requirements applicable to emerging growth companies, which could result in our shares of Common Stock being less attractive to investors.
  • Our status as an “emerging growth company” under the JOBS Act may make it more difficult to raise capital as and when we need it.
  • We incur increased costs as a result of being a public company and our management expects to devote substantial time to public company compliance programs.
  • We have identified material weaknesses in our internal control over financial reporting and may identify additional material weaknesses in the future that may cause us to fail to meet our reporting obligations or result in material misstatements of our financial statements. If we fail to remediate any material weaknesses or if we fail to establish and maintain effective control over financial reporting, our ability to accurately and timely report our financial results could be adversely affected.
  • Because we do not anticipate paying any cash dividends on our capital stock in the foreseeable future, capital appreciation, if any, will be your sole source of potential gain.
  • Our issuance of additional capital stock in connection with financings, acquisitions, investments, our equity incentive plans, or otherwise will dilute all other stockholders.
  • Some provisions of our charter documents and Delaware law may have anti-takeover effects that could discourage an acquisition of us by others, even if an acquisition would be beneficial to our stockholders and may prevent attempts by our stockholders to replace or remove our current management.
  • Our Bylaws have an exclusive forum for adjudication of disputes provision which limits the forum to the Delaware Court of Chancery for certain actions against the Company.
  • If securities or industry analysts do not publish research or publish inaccurate or unfavorable research about our business, the trading price of our Common Stock and trading volume could decline.

Legal proceedings

We are not party to any material pending legal proceedings. From time to time, we may be subject to legal proceedings and claims arising in the ordinary course of business.

The opening of Item 3, Legal Proceedings.5

Sources

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