0001437749-26-003868
SEC filingMoving iMage Technologies, Inc. (MITQ) reported a net loss of $388K for Q2 2026 (period ending December 31, 2025), an improvement from the operating loss of $408K due to $20K in other income. Revenue for the quarter was $3.8M, with cost of goods sold at $2.6M, resulting in a gross profit of $1.2M. Operating expenses totaled $1.6M, comprising research and development ($47K), selling and marketing ($446K), and general and administrative ($1.1M). The company's balance sheet shows total assets of $9.5M, with $3.9M in cash and $3.1M in inventories. Total liabilities stand at $4.5M, and stockholders' equity is $5.0M. Cash flow from operating activities was negative $1.8M, primarily due to changes in working capital, including a $1.1M increase in inventories and an $881K decrease in accounts payable. The company ended the period with $5.7M in cash. No prior period figures are provided for QoQ comparisons.
Moving iMage Technologies, Inc. (MITQ) reported a net loss of $388K for the second quarter of fiscal year 2026, ending December 31, 2025. Revenue for the quarter was $3.8M, with cost of goods sold at $2.6M, resulting in a gross profit of $1.2M. Operating expenses totaled $1.6M, including research and development ($47K), selling and marketing ($446K), and general and administrative ($1.1M). The operating loss was $408K, partially offset by other income of $20K, leading to the net loss. No prior period figures are provided in the XBRL data or document text for quarter-over-quarter comparisons, limiting trend analysis.
Revenue for Q2 2026 was $3.8M, derived from net sales as reported in the income statement. The document does not provide a breakdown of revenue by segment, product line, or geographic region. No growth drivers, customer concentrations, or pricing strategies are disclosed in the provided content. The XBRL data and document text focus solely on aggregate financial figures without detailed revenue analysis.
The gross margin for the quarter was 31.6%, calculated from gross profit of $1.2M on revenue of $3.8M. The operating margin was negative 10.7%, based on an operating loss of $408K. Cost of goods sold accounted for 68.4% of revenue, while operating expenses represented 42.1% of revenue. The net loss margin was 10.2%. No prior period margin data is available for comparison.
Cash flow from operating activities was negative $1.8M, driven by a net loss of $388K and significant changes in working capital, including a $1.1M increase in inventories and an $881K decrease in accounts payable. The company ended the period with $5.7M in cash, down $1.8M from the prior period. Total assets were $9.5M, with current assets of $8.1M (including $3.9M cash and $3.1M inventories). Total liabilities were $4.5M, resulting in stockholders' equity of $5.0M. The current ratio is approximately 2.2, indicating adequate short-term liquidity.
The provided document content and XBRL data do not include any forward-looking statements, management guidance, strategic priorities, or risk factors. No information on future performance expectations, market conditions, or operational plans is disclosed. Investors should refer to the full 10-Q filing for any such details, as they are absent from the extracted data.