MITQ reports FY24 revenue $20.1M, flat YoY; GAAP net loss $1.4M ($0.13 EPS); non-GAAP loss per share $0.13 vs $0.07

MOVING iMAGE TECHNOLOGIES INC.

2025-Q1 EPS reported $0.00 revenue$5,252,000

GAAP operating loss improved to ($1.6M) from ($2.0M), but non-GAAP net loss worsened to ($1.4M) from ($0.7M).
Q4 revenue up 10% YoY to $6.3M; Q4 GAAP net loss narrowed to ($0.4M) from ($1.3M).
Gross margin declined to 23.3% from 26.3% as gross profit fell 11.8% to $4.7M.
Repurchased 758K shares during the year; cash balance $5.3M at June 30, 2024.
Management sees catalyst in projector upgrade cycle (10,000+ units) and emerging products (MiTranslator, E-Caddy).

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