Moving iMage Technologies, Inc.

Good morning, everyone. Welcome to the Moving Image Technologies Fiscal 2025 year-end conference call. At this time, all participants are in listen-only mode. The question and answer session will follow the formal presentation. If anyone today should require operator assistance during the conference, please press star zero from your telephone keypad. Please note this conference is being recorded. At this time, I'll now turn the call over to Chris Eddy with Investor Relations to begin the conference.

Thank you operator and good morning to everyone joining today's call moving image technologies CEO Phil Robinson will open the call and industry overview. Followed by a business update from President CEO Francois Godfrey and then CFO Bill Green will conclude with some financial highlights, after which we will open the call to investor questions. Today's conference is being recorded and an audio replay and written transcript will be posted to the investor section of the Moving Image website in the next few days. As a reminder, except for historical information, the matters discussed in this presentation are forward-looking statements that involve several risks and uncertainties. Words like believe, expect, and anticipate mean that these are our best estimates as of this writing, but that there can be no assurances that expected or anticipated results or events will actually take place. Actual future results could differ materially from those statements. Further information on the company's risk factors is contained in the company's quarterly and annual reports filed with the SEC. I will now turn the call over to Moving Image CEO, Phil Robinson.

Thanks, Chris, and thank you all for listening today. A few of the major exhibition companies, including AMC and Cinemark, noted a surge in consumer demand and box office momentum in the remarks to investors last month. That box office momentum is the primary source of our optimism for new business opportunities over the next year, as demand in our business is typically preceded by box office strength over the previous six to nine months. To state the obvious, our customers are generally better positioned to invest in critical systems upgrades when experienced strength in their businesses and business outlook. The domestic box office saw a substantial rebound in the June quarter, drawing in approximately $2.6 billion in revenue, representing a 37% increase over the year-ago period. This increase was driven by a dynamic mix of titles, including family-friendly blockbusters, a Minecraft movie, and Lilo and Stitch, and the darker and equally well-reviewed Sinners. This variety of movie styles and tones is important for a few reasons. In addition to gross revenue achieved, it demonstrates that a wide variety of audiences will turn out for compelling and immersive content. While August and September are historically lower months at the box office, the outlook for ticket sales over the period of 2025 remains upbeat, with approximately $9.4 billion in total domestic revenue expected for the full year per analyst consensus, supported by major year-end releases, including Zootopia 2 and the next installment of Avatar. Our customers are committed to maintaining and enhancing their theaters and auditoriums to continuously elevate their guest experience with elite sight and sound technologies. We've identified the addressable market for our existing base products and services and our laser focus on the tactics to convert these opportunities into revenue over the coming year. At the same time, we continue to pursue a major strategic goal, which is to reduce our exposure to the business cycles inherent in the cinema equipment industry. and to find opportunities to build on our existing base of more predictable and recurring business. MIT's deep experience and strong track record of performance put us in a leadership position to execute cinema technology and upgrades, build-outs, and special projects. Now I'll turn call over to Francois Godfrey, our president and COO.