---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-062569"
form_type: "8-K"
ticker: "MITQ"
cik: "0001770236"
company_name: "MOVING iMAGE TECHNOLOGIES INC."
filed_at: "2023-05-19T23:59:59+00:00"
generated_at: "2026-06-14T19:57:31.498664+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Moving iMage Tech Q3 revenue falls 36% YoY to $3.7M; GAAP net loss $0.4M

## Summary
- GAAP net loss of $0.4M (loss per share $0.04) vs prior-year net income of $0.6M which included $0.7M PPP gain.
- Revenue fell to $3.7M from $5.8M, down 36% YoY, on project timing pushouts; gross margin expanded 440bps to 27.9%.
- Non-GAAP net loss of $0.4M ($0.04 per share) vs non-GAAP net loss of $0.1M in prior year.
- Updated FY23 guidance: revenue +~10% over $18.4M, diluted EPS ($0.07)-($0.06) vs FY22 loss of ($0.13); expects Q4 to build momentum for FY24.
- CEO cites project pushes as normal timing; sees strong Esports and MiTranslator pipeline; new partnership with LEA Professional.

## SEC filing metadata
- accession: 0001104659-23-062569
- form_type: 8-K
- ticker: MITQ
- cik: 0001770236
- company_name: MOVING iMAGE TECHNOLOGIES INC.
- filed_at: 2023-05-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1770236/000110465923062569/0001104659-23-062569-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1770236/000110465923062569/tm2316274d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-062569
- JSON: https://secwatch.observer/filing/0001104659-23-062569.json
- Plain text: https://secwatch.observer/filing/0001104659-23-062569.txt

## Key facts
- Earnings Releases
  MOVING iMAGE TECHNOLOGIES INC. reported financial results for third fiscal quarter ended March 31, 2023.
  - Period: third fiscal quarter ended March 31, 2023
  - Result: reported results
  source text: On May 15, 2023, Moving iMage Technologies, Inc. (the “Company”) issued a press release and conducted a conference call, both of which reported certain financial results for the fiscal quarter ended March 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1770236/000110465923062569/0001104659-23-062569-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.