MiT reports 113% revenue growth in Q2 FY2022; raises FY guidance to $14-16M

MOVING iMAGE TECHNOLOGIES INC.

2022-Q2 EPS reported -$0.12 revenue$6,893,000

Revenue $3.4M, up 113% YoY; GAAP net loss ($0.6M) vs ($0.4M) prior year.
Backlog $11.1M, up 44% sequentially; cash $9.0M.
FY2022 revenue guidance raised to $14-16M (93-121% YoY growth).
Non-GAAP diluted EPS ($0.04) improved from ($0.07) YoY.
Operating loss widened to ($0.6M) from ($0.4M) on GAAP basis.

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