MOVING iMAGE TECHNOLOGIES INC. 10-K

MD&A

ITEM 7. MANAGEMENT ’ S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion and analysis should be read in conjunction with the accompanying consolidated financial statements and related notes included elsewhere in this Report. This discussion contains forward-looking statements reflecting our current expectations, whose actual outcomes involve risks and uncertainties. Actual results and the timing of events may differ materially from those stated in or implied by these forward-looking statements due to a number of factors, including those discussed in the sections entitled “ Risk Factors ” and “ Cautionary Note Regarding Forward-Looking Statements ” , and elsewhere in this Report. Overview 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. Cinema Products. The Company designs and manufactures a range of proprietary products that support cinema operations, technology infrastructure, and the guest experience. Our product portfolio includes projector pedestals, lighting control solutions, LED lighting products, direct view LED (DVLED) support systems, power management, cinema automation systems, ADA accessibility solutions, bespoke fabrication and other specialty products used throughout cinema facilities. Cinema Loudspeaker Solutions. In October 2025, The Company acquired the assets and exclusive rights to the Digital Cinema Speaker (DCS) loudspeaker product line from QSC and commenced sales of these products in December 2025. DCS loudspeaker products have been used in cinema applications for more than twenty years delivering audio solutions for applications ranging from large-format (PLF) auditoriums and multiplexes to boutique cinemas, studios, post-production facilities, and private screening