Moving iMage Technologies Q1'27 net income falls 64% year over year to $181,000
MITQ•Moving iMage Technologies’ fiscal 2027 first-quarter net income fell 64% year over year to $181,000, while revenue rose 9% to $6.09 million. Gross margin declined to 24.1%, and the company expects second-quarter revenue of approximately $5.4 million.
1. Quarterly results
Moving iMage Technologies’ fiscal 2027 first-quarter net income fell 64% year over year to $181,000. Revenue rose 9% to $6.09 million, reflecting increased project activity and accelerated customer delivery schedules.
2. Margins and outlook
Gross margin declined to 24.1% from 30% a year earlier, reflecting lower high-margin accessory sales and higher accessory and shipping costs. DCS product sales contributed $429,000; management said its loudspeaker line was opening opportunities with domestic and international customers. The company expects second-quarter revenue of approximately $5.4 million, principally from a 16-screen theater upgrade and recurring equipment and services.
