移动图像科技有限公司2025年季度报告

FORM10-Q ☑QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the quarterly period endedSeptember 30, 2025or☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromtoCommission file number:001-40511 Moving iMage Technologies,Inc.(Exact name of Registrant as specified in its charter) 92708(Zip Code) (714)751‑7998(Registrant’s telephone number, including area code) Securities registered pursuant to Section12(b)of the Act: Indicate by check mark whether the Registrant (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities Exchange Act of 1934 during the preceding12months (or for such shorter period that the Registrant was required to file such reports), and (2)has been subject to such filing requirements for the past 90days.Yes☑No☐. Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T during thepreceding 12months (or for such shorter period that the registrant was required to submit such files).Yes☑No☐. Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growthcompany. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule12b‑2 of the Exchange Act. Large accelerated filer☐Non-accelerated filer☑ Accelerated filer☐Smaller reporting company☑Emerging growth company☑ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financialaccounting standards provided pursuant to Section13(a)of the Exchange Act.☐ Indicate by check mark whether the Registrant is a shell company (as defined in Rule12b‑2 of the Exchange Act). Yes☐No☑. Asof November 13, 2025, there were9,939,732shares of the registrant’s common stock, par value $0.00001 per share, outstanding. MOVING iMAGE TECHNOLOGIES,INC. TABLE OF CONTENTS PARTI- FINANCIAL INFORMATION ITEM1.Financial StatementsCondensed Consolidated Balance Sheets as of September 30,2025 (unaudited) and June 30, 2025Condensed Consolidated Statements of Operations (unaudited) for the three months ended September 30, 2025 and 2024Condensed Consolidated Statements of Changes in Stockholders’Equity (unaudited) for the three months ended September 30, 2025 and 2024Condensed Consolidated Statements of Cash Flows (unaudited) for the threemonths ended September 30, 2025 and 2024Notes to Unaudited Condensed Consolidated Financial StatementsITEM2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsITEM3.Quantitative and Qualitative Disclosures About Market RiskITEM4.Controls and Procedures MOVING IMAGE TECHNOLOGIES, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(in thousands except share and per share amounts) Table of Contents NOTE1—BUSINESS ACTIVITY AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Organization: Moving iMage Technologies, Inc., a Delaware corporation, together with its wholly owned subsidiaries unless the context indicates otherwise, the(“Company”) was incorporated inJune 2020.The Company, through its wholly owned subsidiary, Moving iMage Technologies, LLC (“MiT LLC”) and MiT LLC’s wholly-owned subsidiary, Moving iMage Acquisition Co., (DBA “Caddy Products”), designs, integrates, installs and distributes proprietary and custom designed equipment as well as offthe shelf cinema products needed for contemporary cinema requirements. The Company also offers single source solutions for cinema design, procurement, installation andservice to the creative and production communities for screening, digital intermediate and other critical viewing rooms. Additionally, the Company offers a wide range oftechnical, design and consulting services such as custom engineering, systems design, integration and installation, and digital technology, as well as software solutions foroperations enhancement and theatre management. The Company also provides turnkey furniture, fixture and equipment services to commercial cinema exhibitors for newconstruction and remodels including design, consulting, installation and project management as well as procurement of seats, lighting, acoustical treatments, screens, projectionand sound. Moving iMage Acquisition Co. (DBA “Caddy Products”) designs, develops and manufactures innovative products for the entertainment, cinema, grocery, worship, restaurant,sports and restroom industries. mpact of the COVID-19Pandemic: The COVID-19pandemic has had an unprecedented impact on the world and the movie exhibition industry. The social and economiceffects have been widespread. At various points during the pandemic, authorities around the world-imposed measures intended to control the spread of COVID