Moving iMage Tech Q1 FY2024 revenue up 13% to $6.6M; GAAP EPS $0.04 vs loss $0.01 YoY

MOVING iMAGE TECHNOLOGIES INC.

2024-Q1 EPS reported $0.04 revenue$6,635,000

Revenue $6.6M (+13.4% YoY); gross margin 27.4% (record); gross profit $1.8M (+16.7%).
GAAP net income $0.4M vs loss $0.1M YoY; diluted EPS $0.04 vs ($0.01).
Non-GAAP net income $0.4M vs $0.1M; adjusted EPS $0.04 vs $0.01.
Implemented 10b5-1 share repurchase program; buyback expands trading days to ~250/year.
Guidance: low double-digit revenue growth; expects stronger H2; multiple upside catalysts from LEA amplifiers, ADA, Esports.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MOVING iMAGE TECHNOLOGIES INC. reported first quarter ended September 30, 2023 results: revenue $6.6 million, net income $0.4 million, EPS $0.04.

Period: first quarter ended September 30, 2023
Revenue: $6.6 million
Net income: $0.4 million
EPS: $0.04
Result: reported results

Exact text from the filing

shares increased to approximately 250 days per year versus 90 days previously.” First Quarter Fiscal 2024 Highlights (versus Fiscal 1Q23) ● Revenue increased 13.4% to $6.6 million compared to $5.9 million; ● Gross Profit increased of $1.8 million compared to $1.6 million; Gross Margin of 27.4%; ● GAAP Operating Income of $0.4 million compared to $0.0

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Source: SEC EDGAR

accession 0001558370-23-019072

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