Moving iMage Q2 rev up 42% to $4.8M, operating loss down 79%, guides FY EPS $0.04-0.06

MOVING iMAGE TECHNOLOGIES INC.

2023-Q2 EPS reported $0.00 revenue$10,695,000

Q2 revenue $4.8M vs $3.4M YoY (+41.6%); gross margin 27.1% vs 26.2%.
Operating loss improved to ($0.1M) from ($0.6M); net income $0.0M vs net loss ($0.6M).
Diluted EPS $0.00 (break-even) vs ($0.06) in prior year; YTD EPS ($0.00) vs ($0.12).
Fiscal 2023 guidance: revenue $22.5-$23.5M (+23-28%); diluted EPS $0.04-$0.06.
Acquisition of ADA product line and exclusive cinema distribution agreement with LEA Professional noted.

item 2.02 item 7.01 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

MOVING iMAGE TECHNOLOGIES INC. reported fiscal second quarter ended December 31, 2022 results: revenue $4.8 million.

Period: fiscal second quarter ended December 31, 2022
Revenue: $4.8 million
Result: reported results

Exact text from the filing

(EXHIBIT 99.1) --- EX-99.1 2 tm236835d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Moving iMage Technologies Announces Second Quarter Fiscal 2023 Results Revenue growth of 42% to $4.8 million Operating loss decreased by 79%; Achieved break-even EPS Fountain Valley, CA – February 14, 2023: Moving iMage Technologies, Inc. (NYSE AMERICAN: MITQ), (“MiT”), a leading

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accession 0001104659-23-022447

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