Moving iMage Technologies, Inc.

Good morning, everyone, and welcome to the Moving Image Technologies Fiscal 2026 Third Quarter Conference Call. At this time, all participants are in the listen-only mode. A brief question and answer session will follow the formal presentation. If anyone requires operator assistance during the conference call, please signal the operator by pressing star and zero on your telephone keypad. As a reminder, this conference is being recorded. I will now turn the call over to Chris Eddy, Investor Relations, to begin.

Thank you, Operator, and thank you all for joining today's call. MIT CEO Phil Robinson will make some opening remarks, followed by a business update from President and COO Francis Gottfried, and then our recently appointed CFO, Bart Bedard, 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 Energy 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 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 MIT's CEO, Phil Robinson. Thanks, Chris, and thank you all for your interest in knowing energy. Overall, our third quarter performance reflected a relatively stable revenue profile compared to the prior year. We experienced slower-than-usual customer project activity during what is typically a seasonally slower period for MIT. However, we made good headway in advancing our new DCS cinema loudspeaker business, as Francois will touch on in more detail. DCS generated approximately $290,000 of revenue in its first full quarter under MIT. We view this as a strong early indicator of both the market opportunity and the durability of the business going forward, particularly considering the $1.5 million we spent to purchase the DCS assets. Additionally, customer reception has been highly positive, reinforcing our confidence in the strategic value of this acquisition that closed at the end of October 2025. Last month, we had the opportunity to showcase our expanded solutions portfolio at CinemaCon 2026, with a particular focus on our cutting-edge cinema audio product and engineering capabilities. Customer and partner feedback was very constructive with enthusiasm around our enhanced product and solutions offering and a favorable outlook for the feature film pipeline and expectations for it to support renewed exhibition industry upgrade activity. Given the actions we have taken to both expand our capabilities and to fine-tune our cost structure, we feel MIT is well-positioned to deliver improving results as we navigate the exhibition industry's audio needs for premium large-format PLF enhancements as well as their projection technology refresh needs. Now, I'll turn the call over to Francois Haffrey, our President and COO.

Thanks, Phil. And good morning, everyone. As Phil noted, our second and third quarters are typically slower periods for customer project activity. And that dynamic was reflected in our Q3 performance, offset somewhat by ramping revenue from our purchase of the DCS cinema loudspeaker business, which we believe has the potential to meaningfully benefit our long-term growth prospects in a few ways. DCS is far more than a product line addition for MIT. It is a new strategic revenue opportunity built on a highly respected premium line of cinema loudspeakers deployed in thousands of auditoriums around the world. We believe DCS is an ideal complement to our existing product and services offerings. one that can open new customer relationships for MIT, both in North America and in international markets, the latter of which, until now, were not an area of focus for our company. We believe DCS's reputation for cinema audio excellence is an ideal complement to our engineering, design, and system integration expertise that should help us expand our commercial reach. The early results are encouraging. As Phil mentioned, we generated $290,000 in revenue from DCS during the quarter, which reflects solid initial engagement from exhibitors as well as over 25 international distributors with whom we have partnered. The opportunity to expand our reach into international markets through DCS is a key element of the opportunity ahead. Our international distributors have deep, established local market relationships and view VCS as a differentiated, high-performance offering delivering a cutting-edge audience experience. Our intention is to leverage our growing global reach to expand VCS adoption and to introduce other MIT products and capabilities to create a broader, more integrated solutions presence in these new markets. Across the industry, exhibitors continue to build out their offerings of premium large format or PLF auditoriums with immersive audio, reflecting the ways exhibitors compete for audiences. Consumers are looking for a theatrical experience that meaningfully exceeds the one they have at home. That means better picture, better sound, and more fully integrated immersive environment. We believe MIT is particularly well positioned to support exhibitors in creating such experiences. With DCS, we are not simply selling speakers. We help cinemas rethink sound as a core component of the overall experience. That includes how audio integrates with projection systems, screen technologies, and full auditorium design. Our approach is consultative. and system-orientated. We're not just replacing equipment. We are working with customers to improve what the audience sees, hears, and ultimately feels. At the same time, the industry-wide Xenon to laser projection upgrade cycle continues to represent a promising long-term opportunity. We expect a measured pace that should continue to provide a meaningful base of technology refresh activity. As exhibitors invest in brighter, more efficient projection, it creates a natural opportunity to revisit the entire auditorium experience, and we are actively positioning ourselves to participate in those conversations. Our confidence in a return to modest growth in our core cinema technology solutions and systems integration business is bolstered by recent domestic box office, which grew more than 20% year over year during the quarter ending in March 31, 2026. We believe that such improving demand from audiences should give exhibitors and specialty screen operators the confidence to continue modernizing aging infrastructure while also prioritizing greater operational efficiency. In that environment, MIT remains well-positioned to deliver flexible, practical solutions tailored to the real-world constraints exhibitors face. In summary, while recent activity reflects typical seasonal patterns, we are building momentum in areas that will define the next phase of growth for our company. The DCS platform, our expanding international reach, and our alignment with key industry trends like PLF and immersive audio all reinforce our confidence in the path ahead. Now I'll turn the call over to Bart Bedard, our CFO, appointed in April 2026 to address some financial highlights. Thanks, Francois.