Moving iMage Tech Q1 revenue up 98% to $3.5M; guides FY22 rev $12-15M

MOVING iMAGE TECHNOLOGIES INC.

2022-Q1 EPS reported -$0.06 revenue$3,474,000

Revenue $3.5M, +98% YoY; GAAP net loss $0.6M ($0.06/sh), adjusted net loss $0.4M ($0.04/sh).
Backlog $7.7M; extinguished $3.1M debt; cash $11M after IPO.
Introduced FY2022 revenue guidance $12-15M (+67-108% vs FY2021).
Launched ADA-compliant multilingual translator product with recurring revenue potential.

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