Moving iMage Technologies, Inc.

Greetings. Welcome to Moving Image Technologies' first quarter 2026 earnings call. At this time, all participants are in listen-only mode. A question-and-answer session will follow today's formal presentation. If anyone should require operator assistance during the conference, please press star zero from your telephone keypad. Please note that the conference is being recorded. At this time, I'll turn the conference over to Chris Eddy with Investor Relations. Thank you. You may now begin, Chris.

Thank you, Operator, and good morning to all of you joining today's call. Moving Image Technologies CEO, Phil Raffinson, will make some opening remarks, followed by a business update from President and COO, 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 there can be no assurances that expected or anticipated results or events will 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 your interest in moving image technology. Our quarter one performance was bolstered by the acceleration of some projects we had expected later in the year and by solid operational execution, both in terms of margin and operating costs. The combination of higher revenue, increased gross margin, and lower operating expenses enabled us to achieve our goal for profitability for the quarter while also bolstering our working capital position. I'm very proud of the operational progress our team has made that enabled us to achieve profitability results. This progress will benefit MIT as we move forward. However, our ability to achieve profitability in any given quarter remains a function of the timing of customer projects as well as normal seasonality of our business. Visibility into longer-term customer spending plans remains limited despite the substantial scope of industry-wide cinema technology upgrades still to be completed. We believe a major factor in supporting laser projection and Audio upgrade investments is the health of the exhibition industry. To that end, domestic box office receipts for the third quarter of the calendar year were approximately $2.4 billion, nearly matching the year-ago period. And we are now entering the all-important holiday box office season that offers the potential for improvement given a strong film lineup and steady improving attendance trends. Our strategy within our target market has been to continue building on our value proposition with new products and capabilities. We believe our recent acquisition of DCS Cinema loudspeaker line represents an exciting step in executing this strategy. Overall, I believe MIT is making good progress in enhancing our operational and financial performance, while also taking steps to expand our capabilities. Through these initiatives, we are improving our ability to support our customers in navigating their cinema technology requirements, from design and engineering to equipment supply, installation, and system commissioning. I'll turn the call over to Francois Godfrey, our President and COO.