MITQ — what changed in the latest 10-K
A section-by-section comparison of MITQ's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-K · 2026-09-28 vs the prior 10-K · 2025-09-26
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| Business | Text added/removed | +22 | −24 | ~12 | 14 |
| Risk factors | Text added/removed | +6 | −6 | ~18 | 117 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| MD&A | Text added/removed | +16 | −17 | ~13 | 30 |
| Market risk (Item 7A) | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
Business
Text added vs the prior filing · source: 10-K · 2026-09-28
Moving iMage Technologies ("the Company") provides cinema and entertainment operators with the latest technology of products, and services. The Company designs, manufactures, and distributes proprietary cinema products, peripherals, and cinema loudspeaker systems. These products are sold independent…
In 2025, U.S./Canada box office revenues increased to approximately $8.9 billion, compared to approximately $8.7 billion in 2024, driven by a stronger and more consistent film release schedule. Global box office revenues also improved, reaching approximately $33.6 billion in 2025, reflecting the con…
Introduction of New Platforms and Product Offerings that Enhance the Movie-Going Experience. The motion picture exhibition industry continues to develop new movie theater platforms and concepts to respond to varying and changing consumer preferences. In addition to changing the overall style of, and…
New Theater Construction. Exhibitor Capital Investment Cycle. In addition to selective new theater development, cinema operators are continuing to invest in technology upgrades and theater modernization initiatives. As exhibitors seek to differentiate the theatrical experience through premium presen…
According to industry sources, there were more than 215,000 commercial cinema screens operating worldwide in 2025, including approximately 41,000 screens in the United States. The global transition from film-based to digital cinema has largely been completed, with digital systems representing approx…
Text removed vs the prior filing · source: 10-K · 2025-09-26
The Company was incorporated in June 2020 initially named MiT Acquisition Corporation, which was changed to Moving iMage Technologies, Inc. in September 2020. In connection with our initial public offering, in July 2021, the holders of Moving iMage Technologies, LLC exchanged their interests for sha…
In 2024, movie release revenues decreased slightly to $8.6 billion down from $9 billion in 2023 due to steady post- pandemic movie releases as well as the end of the SAG/AFTRA strikes in November 2023. New movie production and related releases did not rebound until the summer of 2023.
Increased Importance and Growth of International Markets. According to Gower Street Analytics, 2025 Global box office revenues were about $30 billion in 2024. The U.S./Canada market contributed approximately $8.8 billion. The international market accounted for the remaining $21.2 billion, or roughly…
Introduction of New Platforms and Product Offerings that Enhance the Movie-Going Experience. The motion picture exhibition industry continues to develop new movie theater platforms and concepts to respond to varying and changing consumer preferences. In addition to changing the overall style of, and…
New Theater Construction. According to the National Association of Theatre Owners, the number of U.S. movie screens declined from 39,000 in 2025 from 44,000 in 2024 due the lingering impacts of COVID and the SAG/AFTRA strikes. While the strikes ended in November 2023, movie production and related mo…
Risk factors
Text added vs the prior filing · source: 10-K · 2026-09-28
Also, third parties may claim that our business operations infringe on their intellectual property rights. These claims may harm our reputation, cost us money to defend, distract the attention of our management and prevent us from offering some services. Confidential intellectual property is increas…
The occurrence of one or more natural disasters, such as pandemics, fires, hurricanes, tornados, tsunamis, floods and earthquakes; geo-political events, such as civil unrest in a country in which our suppliers and/or customers are located or terrorist or military activities disrupting transportation…
We recognize the importance of cybersecurity in maintaining the confidentiality, integrity and availability of our information systems and in protecting our customers, employees, business operations and stockholders. We maintain processes designed to assess, identify and manage material risks from c…
Management is responsible for overseeing the assessment and management of cybersecurity risks. Management regularly evaluates potential cybersecurity threats, monitors the effectiveness of cybersecurity controls and response procedures, and assesses whether identified cybersecurity risks or incident…
Our Board of Directors oversees risks from cybersecurity threats as part of its broader oversight responsibilities. The Board does not maintain a separate cybersecurity committee. Management periodically reports to the Board regarding significant cybersecurity risks, cybersecurity initiatives and an…
Text removed vs the prior filing · source: 10-K · 2025-09-26
Also, third parties may claim that our business operations infringe on their intellectual property rights. These claims may harm our reputation, cost us money to defend, distract the attention of our management and prevent us from offering some services.
Confidential intellectual property is increasingly stored or carried on mobile devices, such as laptop computers, which increases the risk of inadvertent disclosure where the mobile devices are lost or stolen, and the information has not been adequately safeguarded or encrypted. This also makes it e…
The occurrence of the global COVID‑19 pandemic has had a material adverse effect on our business. A significant number of our customers have temporarily ceased operations and others have cancelled or pushed back the delivery of pending product orders and/or delayed the start of scheduled theater ref…
The occurrence of one or more other natural disasters, such as fires, hurricanes, tornados, tsunamis, floods and earthquakes; geo-political events, such as civil unrest in a country in which our suppliers and/or customers are located or terrorist or military activities disrupting transportation, com…
Prior to the completion of our IPO, we had been a private company with limited accounting personnel and other resources to address our internal control over financial reporting. During the course of preparing our consolidated financial statements for the years ended June 30, 2025 and 2024, we determ…
MD&A
Text added vs the prior filing · source: 10-K · 2026-09-28
Moving iMage Technologies ("the Company) provides cinema and entertainment operators with the latest technology of products, and services. The Company designs, manufactures, and distributes proprietary cinema products, peripherals, and cinema loudspeaker systems. These products are sold independentl…
Cinema Products. The Company designs and manufactures a range of proprietary products that support cinema operations, technology infrastructure, and the guest experience. Our product portfolio includes projector pedestals, lighting control solutions, LED lighting products, direct view LED (DVLED) su…
Cinema Loudspeaker Solutions. In October 2025, The Company acquired the assets and exclusive rights to the Digital Cinema Speaker (DCS) loudspeaker product line from QSC and commenced sales of these products in December 2025. DCS loudspeaker products have been used in cinema applications for more th…
Other Products. The Company designs and manufactures a proprietary line of cup holders, trays, and related products used in cinemas, sports stadiums, and other entertainment venues. These products help venue operators improve guest comfort, convenience, and overall facility functionality.
Third-Party Technology Solutions. The Company provides leading projection, audio, display, and cinema technology solutions from third-party manufacturers as part of its comprehensive services offering. Products include laser projection systems, immersive audio technologies, direct-view LED displays,…
Text removed vs the prior filing · source: 10-K · 2025-09-26
We are a key provider of technology, products, and services to movie theater operators and sports and entertainment venues.
We provide a set of valuable services to movie theater operators and other critical screening and viewing rooms. These services include overall project management, which can encompass a wide range of design, integration, installation, and procurement services for new auditorium builds, refurbishment…
We design and manufacture a set of proprietary products that are sold either as part of our project management services or a la carte. Examples of these products include our ADA-compliant accessibility products and our Caddy brand, a leading provider of proprietary cup holders, trays, and other prod…
We resell third-party products as part of our project management services or a la carte. These include technology products such as screens, projectors, servers, and FF&E (furniture, fixtures, and equipment).
Finally, we have a set of recently introduced products that we believe have the potential to be disruptive to the movie theater, entertainment and sports venue industries. For example, our operations enhancement and theater management solution include a software-as-a-service (SaaS) platform combined…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice