---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-103752"
form_type: "8-K"
ticker: "MITQ"
cik: "0001770236"
company_name: "MOVING iMAGE TECHNOLOGIES INC."
filed_at: "2023-09-26T23:59:59+00:00"
generated_at: "2026-06-10T08:46:37.081350+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# MITQ FY2023 revenue +10% to $20.2M; GAAP net loss widens to $1.8M ($0.17/sh)

## Summary
- FY2023 revenue $20.2M (+10.1% YoY); gross margin expanded 200bps to 26.3%.
- GAAP net loss $1.8M ($0.17 loss per share) vs $1.3M loss in FY2022.
- Non-GAAP net loss narrowed to $0.7M ($0.07/sh) from $1.5M ($0.14/sh).
- Q4 net loss $1.3M ($0.12/sh) vs $0.7M; included $1.0M non-cash write-downs.
- FY2024 guidance: low double-digit revenue growth, targeting non-GAAP break-even.

## SEC filing metadata
- accession: 0001104659-23-103752
- form_type: 8-K
- ticker: MITQ
- cik: 0001770236
- company_name: MOVING iMAGE TECHNOLOGIES INC.
- filed_at: 2023-09-26T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1770236/000110465923103752/0001104659-23-103752-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1770236/000110465923103752/tm2326924d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-103752
- JSON: https://secwatch.observer/filing/0001104659-23-103752.json
- Plain text: https://secwatch.observer/filing/0001104659-23-103752.txt

## Key facts
- Earnings Releases
  MOVING iMAGE TECHNOLOGIES INC. reported Fiscal Year 2023 results: revenue $20.2 million.
  - Period: Fiscal Year 2023
  - Revenue: $20.2 million
  - Result: reported results
  source text: Fiscal Year 2023 Highlights (versus Fiscal 2Q22) · Revenue of $20.2 million compared to $18.4 million; · Gross Profit of $5.3 million compared to $4.5 million, Gross Margin expanded by 200 basis points to 26.3%; · GAAP Operating Loss of ($2.0) million compared to ($1.8) million; o GAAP Operating loss in fiscal 2023 included ($1.0 million) in non-cash accounting write-downs; · GAAP Net Loss and Loss per Share of ($1.8) million and ($0.17) compared to ($1.3) million and ($0.13), respectively; · Non-GAAP Net Loss and Loss per Share of ($0.7) million and ($0.07) compared to Non-GAAP Net Loss and Loss per Share of ($1.5) million and ($0.14), respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1770236/000110465923103752/0001104659-23-103752-index.htm
- Earnings Releases
  MOVING iMAGE TECHNOLOGIES INC. updated its Fiscal 2024 guidance (initiated).
  - Period: Fiscal 2024
  - Guidance: initiated
  - Result: guidance update
  source text: Fiscal 2024 Commentary “Given the lumpy nature of our legacy business, we are approaching fiscal 2024 guidance cautiously by targeting low double-digit revenue growth from our legacy businesses while continuing to move towards break-even on a non-GAAP basis.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1770236/000110465923103752/0001104659-23-103752-index.htm
- Earnings Releases
  MOVING iMAGE TECHNOLOGIES INC. reported Fourth Quarter Fiscal 2023 results: revenue $5.8 million.
  - Period: Fourth Quarter Fiscal 2023
  - Revenue: $5.8 million
  - Result: reported results
  source text: Fourth Quarter Fiscal 2023 Highlights (versus Fiscal 2Q22) · Revenue of $5.8 million compared to $5.6 million; · Gross Profit of $1.4 million compared to $1.5 million, and Gross Margin of 24.2%; · GAAP Operating Loss of ($1.4) million compared to ($0.5) million; o GAAP Operating loss in fiscal 2023 included ($1.0 million) in non-cash accounting write-downs; · GAAP Net Loss and Loss per Share of ($1.3) million and ($0.12) compared to ($0.7) million and ($0.07), respectively; · Non-GAAP Net Loss and Loss per Share of ($0.2) million and ($0.02) compared to ($0.7) million and ($0.06), respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1770236/000110465923103752/0001104659-23-103752-index.htm

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