---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-001158"
form_type: "8-K"
ticker: "MITQ"
cik: "0001770236"
company_name: "MOVING iMAGE TECHNOLOGIES INC."
filed_at: "2024-02-14T23:59:59+00:00"
generated_at: "2026-06-06T02:30:21.510884+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Moving iMage Technologies Q2 FY2024 revenue down 33% to $3.3M; net loss $0.8M

## Summary
- Revenue $3.3M, down 32.6% YoY; gross profit $0.8M, margin 23.2% (down from 27.1%).
- GAAP operating loss of $0.8M vs loss of $0.1M in prior year; GAAP net loss $0.8M ($0.07 EPS).
- Non-GAAP net loss also $0.8M ($0.07 EPS), compared to break-even non-GAAP net income last year.
- YTD revenue $9.9M (-7.4%); operating loss $0.4M vs $0.1M loss.
- Management cites end of SVOG spending and strikes as headwinds; sees potential in LEA amplifiers and E-caddy.

## SEC filing metadata
- accession: 0001558370-24-001158
- form_type: 8-K
- ticker: MITQ
- cik: 0001770236
- company_name: MOVING iMAGE TECHNOLOGIES INC.
- filed_at: 2024-02-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1770236/000155837024001158/0001558370-24-001158-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1770236/000155837024001158/mitq-20240214x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-001158
- JSON: https://secwatch.observer/filing/0001558370-24-001158.json
- Plain text: https://secwatch.observer/filing/0001558370-24-001158.txt

## Key facts
- Earnings Releases
  MOVING iMAGE TECHNOLOGIES INC. reported fiscal quarter ended December 31, 2023 results: revenue $3.3 million, net income ($0.8) million, EPS ($0.07).
  - Period: fiscal quarter ended December 31, 2023
  - Revenue: $3.3 million
  - Net income: ($0.8) million
  - EPS: ($0.07)
  - Result: reported results
  source text: however, we did see continued benefits from the ongoing technology upgrade cycle.” Second Quarter Highlights (Fiscal 2024 versus Fiscal 2023) ● Revenue decreased 32.6% to $3.3 million compared to $4.8 million; ● Gross Profit decreased to $0.8 million compared to $1.3 million; Gross Margin of 23.2%; ● GAAP Operating Loss of ($0.8) million compared to ($0.1)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1770236/000155837024001158/0001558370-24-001158-index.htm

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