---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-019072"
form_type: "8-K"
ticker: "MITQ"
cik: "0001770236"
company_name: "MOVING iMAGE TECHNOLOGIES INC."
filed_at: "2023-11-14T23:59:59+00:00"
generated_at: "2026-06-08T03:53:31.320890+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001558370-23-019072
- form_type: 8-K
- ticker: MITQ
- cik: 0001770236
- company_name: MOVING iMAGE TECHNOLOGIES INC.
- filed_at: 2023-11-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1770236/000155837023019072/0001558370-23-019072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1770236/000155837023019072/mitq-20231114x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-019072
- JSON: https://secwatch.observer/filing/0001558370-23-019072.json
- Plain text: https://secwatch.observer/filing/0001558370-23-019072.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1770236/000155837023019072/0001558370-23-019072-index.htm

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