Moving IMage Technologies Says Approaching 2024 Guidance Cautiously By Targeting Low Double-Digit Revenue Growth From Legacy Businesses While Continuing To Move Towards Break-Even On Non-GAAP basis.
Portfolio Pulse from Benzinga Newsdesk
Moving Image Technologies (MITQ) has announced that it is cautiously approaching its 2024 guidance by targeting low double-digit revenue growth from its legacy businesses. The company also plans to move towards break-even on a non-GAAP basis.
September 26, 2023 | 11:13 am
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MITQ is targeting low double-digit revenue growth from its legacy businesses and aims to break-even on a non-GAAP basis by 2024.
MITQ's announcement of targeting low double-digit revenue growth and moving towards break-even on a non-GAAP basis indicates a positive outlook for the company. This could potentially attract investors, leading to a positive impact on the stock price in the short term.
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