---
schema_version: "secwatch.filing_event.v1"
accession: "0001770236-24-000029"
form_type: "8-K"
ticker: "MITQ"
cik: "0001770236"
company_name: "MOVING iMAGE TECHNOLOGIES INC."
filed_at: "2024-10-01T23:59:59+00:00"
generated_at: "2026-05-30T23:38:44.004916+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# 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

## Summary
- 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).

## SEC filing metadata
- accession: 0001770236-24-000029
- form_type: 8-K
- ticker: MITQ
- cik: 0001770236
- company_name: MOVING iMAGE TECHNOLOGIES INC.
- filed_at: 2024-10-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1770236/000177023624000029/0001770236-24-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1770236/000177023624000029/mitq-20240927x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001770236-24-000029
- JSON: https://secwatch.observer/filing/0001770236-24-000029.json
- Plain text: https://secwatch.observer/filing/0001770236-24-000029.txt

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