MOVING iMAGE TECHNOLOGIES Business Summary

Moving iMage Technologies Inc. (MITQ) operates a diversified revenue model centered on the design, manufacture, and integration of proprietary and third-party technology for the out-of-home entertainment industry. The company generates income through one-time equipment sales, custom engineering services, and installation fees, supplemented by a growing recurring revenue stream estimated at $2 million per quarter. Its primary business segments span cinema exhibition, Esports, and large-scale venues such as stadiums and arenas, with a product portfolio that includes digital cinema automation, projector pedestals, and the recently acquired DCS (Digital Cinema Speaker Series) loudspeaker line. MITQ competes directly with firms such as Strong Global Entertainment, Christie Digital Systems, Barco, and Dolby Laboratories, positioning itself as a specialized, high-touch integrator and peripheral manufacturer that bridges the gap between major hardware producers and end-user venue operators. The leadership team is anchored by Chairman and CEO Phil Rafnson, a founder with over 30 years of industry experience who previously led Media Technology Source. In late 2024, the company executed a strategic succession plan, promoting Francois Godfrey to President and Chief Operating Officer; Godfrey brings three decades of business development expertise from previous leadership roles at QSC, Barco, and Christie Digital. The executive suite is rounded out by CFO William Greene, who joined in 2023 with a background in SEC compliance and financial strategy, and Executive VP of Operations Bevan Wright, a veteran of Christie and United Artists. Notable for its high insider alignment, the company maintains approximately 38% insider ownership, with Rafnson remaining a principal shareholder, while the board includes industry experts focused on scaling the firm’s proprietary product mix and international footprint.