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2/12/2026
Good morning, everyone, and welcome to the Moving Image Technologies fiscal 2026 second quarter conference call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance during the conference, please press star zero on your telephone keypad. Please note this conference is being recorded. I will now turn the call over to Chris Eddy, Investor Relations, to begin. Please go ahead.
Thank you, Operator, and good morning to all of you joining today's call. Moving Image Technologies CEO, Phil Robinson, 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. This 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 these are our best estimates as of this writing, but that 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 Raffensen.
Thanks, Chris, and thank you all for your interest in Moving Image. We had a very productive second quarter, highlighted by our acquisition of the DCS loudspeaker line. advancing our growth and diversification goals and our achievement of 10% revenue growth versus quarter two last year. Recent revenue growth reflects continued demand across our core cinema equipment and technology offerings, expanding customer engagement and discipline execution by our sales, marketing, and operational teams. During what is typically a slower period for our industry, as exhibitor customers focus on optimizing their holiday season performance, we saw a steady order flow for parts, replacement products, and other solutions to maintain our customers' premium presentation environments. Our results demonstrate a solid base of annually recurring revenues and the relevance of our services in the evolving cinema landscape. We remain cautiously optimistic on the extent of future cinema infrastructure extending to refresh legacy systems with new state-of-the-art laser projection systems as well as direct view technologies and upgraded in immersive audio. Our exhibition industry revenue expectations continue to be shaped by historical capital investment patterns when large projects often lag during the time summer and holiday season windows, which fall in our fiscal second and third quarters. We remain confident that the long-term fundamentals supporting cinema technology investments remain intact. though their pace and timing will likely be influenced by the success of content pipelines that seem to be strengthening. Supporting our favorable long-term outlook is the strength of our decades-long track record, broad customer base, sterling reputation, and unrivaled ability to execute unique projects in the most effective manner. Having bolstered our capabilities with our new proprietary DCS loudspeaker line and complimentary LEA audio amplifier representation, we believe MIT is on stronger footing to meet equipment and environmental requirements of customers in a broader base of use cases. Now I'll turn over the call to Francois Godfrey, our COO.
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