MITQ - Earnings call transcript Q2 2025 | Moving iMage Technologies, Inc.

Due to licensing restrictions, you must log in to view earnings call transcripts.

Operator

Greetings, and welcome to the Moving iMage Technologies Second Quarter 2025 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce our host, Brian Siegel. Thank you, and you may begin.

Brian Siegel

Thank you, operator. to Technologies welcome and conference and webcast. morning, Moving earnings iMage call Good is Phil who and an me and Chairman With today Greene. Bill CEO, strategy business Francois President our CFO, a industry Godfrey, Rafnson, and provide COO, will and update; overview; provide who

those who seen have For today's available is it of website. Investors the you in section not release, of our

can involve the are to these the Before everyone as company's quarterly that anticipate, events that SEC. information, would from forward-looking is differ historical anticipated there but materially presentation the that this take company's that like contained and remind this statements. in results no results risks will information of Words matters I Further with are uncertainties. risk could in beginning, for discussed expect expected those or estimates filed the factors on or place. and like several be statements except and assurances writing, actually Actual reports our annual believe, best that mean future

like to turn Phil. Phil. I'd over call ahead, Go to the Now

Philip Rafnson

and quarter Brian, returning growth Phil encouraged well. iMage industry broader and be positive our us our to I'm more today. our or you, CEO XXXX, as of Thank to Moving everyone Rafnson, Technologies in progress The losses. by of MiT. thanks fiscal second joining I'm cutting to tone continues

XXXX. and by by the Those of behind which full industry the we're now, strikes, movie season year. the reported after expected Notably, of Hollywood over content a to setbacks past a posed strong impacted energized be for slate challenges and releases the the us negatively appear number timing holiday

of noted both traditional Regal sector. highlighting the stronger-than-anticipated like embracing the Cinemark demand has moviegoing. for their and rising major premium and Thanksgiving, seen a with experiences record quarter, audiences Cinemark supported AMC, especially attendance, cinema in third players releases, AMC Major resilience and

with our upgrades a point next as the and due industry industry thousands growth MiT next need the upgrade evolving for for leading well a forward, tailored we exceptionally is with servers incentive capture the solutions pivotal goers. opportunity this as high is piece the With theater products innovation continue replacement reaching technological meet demand. clients' represents moves a the of cycle, growth positioned technology to of years The and expectations to support over of MiT respect few to over the projectors years. today's to few essential

to priorities business I'll the now a turn Francois over and new provide to update. call Francois? as discuss his and COO the President

Francois Godfrey

first focused enhance my and X and and as months I margin opportunities our our invest strengthening In initiatives. Phil. our to in flexible profitability higher-margin, drive will COO, business, high-growth you, in core have growth prioritizing President our Thank to expansion cinema on revenue identifying

believe, I in transparency, over-delivering. maintaining While and under-promising

initiatives on forward, Moving reach they once meaningful share updates we'll milestones. emerging

years. The technology are not started and days cycles, cinema around early laser centered This have is industry cyclical, of of for we refresh the sooner, past new disruptions in driven cycle a by X might the if projectors. upgrade cycle year the

strikes, day. Hollywood our both the of then slowed spending to this COVID, First, which customers'

summer However, and optimism holiday full slate. XXXX's a office reaffirmed XXXX growing is strong industry's for resilience and release box

cycle, the small early Right now, chains upgrade invest while for later. while industry-wide a slowly important this for still early barometer follow box and the and and industry's of is capturing cinema operators strong will primary accelerate refresh. stages premier My AMC, broader spending. early, the theater circuits, cinema of is the April global MiT be positioning institutional on event customer but this and major like office Regal our building. Historically, base, an CinemaCon, could demand momentum Cinemark studios independent summer focus in more midsized customer we're and in

business, quarter. processes run not To million strategies which growth $X revenue we're customers putting in cinema formalized technology who more reach cost-effective our in higher driving product quickly, generates larger expanding business, a testing leverage place which this, opportunities upgrades, and profitability move broad share portfolio per is and in currently priority of aware our to untapped achieve strengthening new around share I operating us sales wallet see immediate with our into acquiring existing customers, customers, of can fully be marketing may rate capabilities. our core My with

pragmatic within brief products, prioritize updates entertainment emerging followed cinema I initiatives to their adjacent goal While enthusiastic an these eCaddy. by on fastest markets lines. and ROI, update in I'm with on in very like be stadiums I'll arenas. and both time rollout about want cinema about is our to initiatives My provide the now

LEA Professional amplifiers. power

integrating We market. are new while projects months, up replacement into testing now. come will sales from to these circuits cinema are could growth. drive these actively procurement significant adoption take XX Large the And cycles successful products

in expansion IoT quality our control for an theaters CineQC platform and software Europe. integrates that We're run SaaS operators cinema to efficiently. network also seeds is for their planting more

to While technology we'll remain finalize our and expected, upgrading this than stack committed progress provide been progress updates the and has in as initiative we slower we go-to-market make strategy.

accelerate when now theaters at positioned eSports players take is business off. in hopefully operational high If than execute, SNDBX, parallel, raising. amateur of and will our with remains we can going movie are this our eSports ecard it rather funding on both companies. interest the its direct we capital opportunity. through of they cinema, leagues and In exploring focusing kickstart delays partner for sponsorships larger this despite promotions to which well and hosted discussions movie market starts sports With mobile Industry rollout are with systems gaming to

strategy, eCaddy are business in currently including solutions, in through to reassessing to looking our entire meant still initial arenas this unlock secure potential market a MiTranslator MiTranslator, product product digitized is engagement we We're We accessibility longer holders. and currently for of this that ADA-compliant development bring stadiums model taken and of a accessibility partner. services has opportunities. fan while believe version the an Though product. to cup our technology the anticipated. Caddy additional opportunity and than is refining

the Hollywood the industry strikes summary, challenges In lessen. to continue from

business Our showing a signs early potential. and hold initiatives core long-term strong of emerging is rebound, our cinema

industry the growth. forward the still well we're capitalize but sharing opportunities our we're excited sustainable to cycle look in positioned early to what's We're and drive on recovers, and As about progress. ahead

turn that, With I'll and thank I you, Brian. over it to

Brian Siegel

for earnings Thanks, and thank you, call. our Francois, everyone, attending

quarter a the season. line holiday Following comp, to and gross despite operation loss we in margin returned keep traditionally slowest 'XX all theater top operators it during QX to tough year-over-year tend seasonally reductions in growth, being as auditoriums our expansion 'XX, QX

last $X.X recognized was quarter in leading to favorable, X.X% a Revenue to The the million. as we to gross increased from this mix $XXX,XXX revenue premium XXX year of X an by from compliance profit prior also basis installations order increase XX.X% points gross XX.X%, from quarter. This our robust for during technology accessibility a up products led margin and year. the to

were fiscal we roughly most $X.XXX expenses at XXXX Operating positively costs, fiscal the last results. of made the million, $XXX,XXX to reflecting and down of are we the cost to compared reductions year, of year. our beginning headcount other out took impact expected annualized which that $XX,XXX Remember

$XXX,XXX EPS $X.XX. to improved $XXX Operating to compared loss $XXX,XXX improved led a in negative negative a to improvement net last year. last from $X.XX to our negative to from This $XXX,XXX a year. negative $XXX,XXX loss by $XXX,XXX

Looking to year, million the well of the to indicating sheet. remain increased $X.X $XX,XXX we Cash from our capitalized. beginning balance fiscal

our third outlook. to quarter Moving

are the beginning We gross holiday of positive of medium base on all still combination expect early box continued majority growth, customer early MiT curve. tends that the for which to strong reductions. of fall longer revenue year-over-year Note office, and in the the to over the we and late new cycle customer loss term, technology expansion curve margin a to despite of cycle, for are bell part our most the budget and part spending refresh the the of

remain the In revenue initiatives and to that on profitability. offerings will we growth, margins drive believe accelerate focused gross summary, us and increase we

growth updates our meaningful unfold. we For milestones to on committed are providing as investors, merchant strategies

releases handle earnings announce or as encourage to we'll continue as at developments through @movingimagenews. we X, calls well on press you and us follow key to our where So orders any

on speaking again in joining forward for we call Thanks May. you and to us look today, next our with

Operator, any. questions, for ready are are if there we

Operator

Siegel, to floor like now the I'd a web. over turn read will question the Brian who to Great. in over came that

Brian Siegel

along the of the next improving with is considering the another outlook position cash company program the repurchase business, the fiscal With over shareholder year?

Philip Rafnson

We it. will to continue evaluate

the this are and rest year. We optimistic about next fiscal year of

our fiscal at for look an we option. next year, So we will plan that as as

Brian Siegel

Great. this at be have to questions all we That appears the time.

can we operator, out. close So it

Operator

you very today's conclude Thank much. This does teleconference. Okay.

your disconnect this participation. at Thank your You for lines you may again time.

Moving iMage (MITQ) 13 Feb 252025 Q2 Earnings call transcript