Fountain Valley, California--(Newsfile Corp. - February 10, 2026) - Moving iMage Technologies, Inc. (NYSE American: MITQ), a leading provider of cutting-edge out-of-home entertainment technology and services for cinema, stadiums, arenas, Esports and other venues, will report Q2 fiscal 2026 results before the market opens on February 12 and host an investor call at 11:00 am ET. Following prepared remarks, management will take investor questions.Conference Call DetailsDate/Time:Toll-Free Number:Toll/Internat ...

Core Viewpoint - Moving iMage Technologies, Inc. (MITQ) has shown improved financial performance, yet its stock has declined significantly, indicating investor skepticism despite positive earnings results [1][2]. Financial Performance - MITQ reported a net income of $0.05 per share for Q1 fiscal 2026, compared to breakeven results in the same quarter last year [2]. - Revenues increased by 6.3% to $5.6 million from $5.3 million in Q1 fiscal 2025, driven by accelerated delivery of a custom cinema project [2]. - Gross profit rose 22% year over year to $1.7 million, with gross margin expanding to 30.0% from 26.1% [3]. Operating Metrics - The company achieved an operating income of $0.4 million, a turnaround from an operating loss of $0.07 million a year earlier, supported by an 8% reduction in operating expenses [4]. - Working capital improved by 12.4% to $4.8 million, and cash balance stood at $5.5 million, equating to approximately $0.54 per share [5]. Management Insights - CEO Phil Rafnson noted that profitability was aided by the early execution of projects and solid operational execution, while acknowledging the impact of project timing and seasonality [7]. - President and COO Francois Godfrey emphasized a focus on higher-margin opportunities and building revenue through new projects [8]. Revenue Drivers and Outlook - Revenue growth in Q1 was largely due to early execution of cinema technology projects, but management remains cautious about future revenues due to capital cycles and seasonal patterns [9]. - For Q2 fiscal 2026, MITQ anticipates revenues of approximately $3.4 million, with gross margin expected to revert to historical levels [11]. Strategic Developments - MITQ acquired the assets of the Digital Cinema Speaker Series (DCS) for $1.5 million, which is expected to enhance its competitive positioning and open new market opportunities [12]. - The company anticipates that the acquisition could return its full investment in two to three years, with positive early customer feedback [13].

Revenue and Profitability - Q1'26 revenue increased by 6.2% to $5.6M compared to $5.3M in Q1'25, primarily driven by the delivery of a custom cinema project[4] - Q1'26 gross profit rose by 22.0% to $1.7M from $1.4M in Q1'25, reflecting a focus on higher margin opportunities[4] - Q1'26 gross margin percentage improved to 30.0% from 26.1% in Q1'25, driven by model mix and the timing of a custom cinema project[4] - Operating income for Q1'26 was $350k, a significant improvement from a loss of $68k in the same quarter last year, due to gross profit improvement and an 8% decrease in operating expenses[4] - Net income for Q1'26 was $509k, or $0.05 per share, compared to a net loss of $25k, or $0.00 per share, in Q1'25[4] Working Capital and Acquisitions - Working capital increased by 12.4% to $4.8M at the end of Q1'26, including cash of $5.5M, approximately $0.54 per common share[4] - The company acquired the DCS cinema loudspeaker line for $1.5M in cash, enhancing its product offerings and competitive position[4] - The DCS loudspeaker line is expected to strengthen the company's market presence, particularly in Europe and the Middle East[5] Future Projections and Strategic Focus - Q2'26 revenue is projected to be approximately $3.4M, reflecting seasonality and the pull-through of some revenue into Q1'26[8] - The company remains focused on margin and cost mitigation initiatives to improve performance in varying market conditions[8]

Financial Performance - Net sales increased by 6.3% to $5.582 million for the three months ended September 30, 2025, compared to $5.252 million for the same period in 2024 due to higher one-time sales[108] - Gross profit increased by $0.302 million or 22.0% to $1.674 million for the three months ended September 30, 2025, with gross profit percentage rising to 30.0% from 26.1% due to higher margin product revenues[110] - Net income for the three months ended September 30, 2025, was $0.509 million, a significant improvement compared to a net loss of $0.025 million for the same period in 2024[117] - Net income for the three months ended September 30, 2025, was $0.509 million, an improvement of $0.534 million compared to a net loss of $(0.025) million for the same period in 2024[118] Expenses Management - Research and development expenses decreased by $0.013 million or 21.3% to $0.048 million for the three months ended September 30, 2025, attributed to headcount reduction[112] - Selling, general and administrative expenses decreased by $0.103 million or 7.5% to $1.276 million for the three months ended September 30, 2025, due to lower compensation, rent, and travel costs[114] Cash Flow and Liquidity - The cash balance at September 30, 2025, was approximately $5.548 million, a decrease from $5.715 million at June 30, 2025[119] - Net cash used in operating activities for the three months ended September 30, 2025, was $(0.167) million, an increase of $0.135 million compared to the same period in 2024[120] - Working capital decreases contributed $(0.804) million to net cash used in operating activities for the three months ended September 30, 2025[120] - Net cash used by operating activities for the three months ended September 30, 2024, was $(0.032) million, primarily due to $(0.180) million in working capital decreases[121] - Net cash from investing activities was zero for both the three months ended September 30, 2025, and September 30, 2024[122] - Net cash from financing activities was zero for both the three months ended September 30, 2025, and September 30, 2024[123] - The company has met its working capital needs primarily from operating cash flows and financing activities over the past several years[119] - The company believes existing sources of liquidity will be sufficient to fund operations for at least 12 months from the date of the financial statements[119] Strategic Initiatives - The company plans to invest in sales and support operations to support new product initiatives and budget goals, while expecting continued decreases in total operating expenses[97] - The company aims to expand its customer base by selectively investing in its field sales force and targeting large organizations that have yet to use its products and services[98] - The company intends to increase marketing expenditures to enhance brand recognition for its proprietary products and introduce new products and services[99] - The company is focused on maintaining gross margins despite competition and price erosion, with new products expected to carry higher margins[100] Other Income - Other income increased by $0.116 million to $0.159 million for the three months ended September 30, 2025, primarily due to a one-time payables extinguishment[116] Accounting Estimates - There have been no material changes to critical accounting estimates during the three months ended September 30, 2025[124]

Financial Data and Key Metrics Changes - Q1 2026 revenue increased by 6.2% to $5.6 million, driven by the delivery of a custom cinema project and other client work [17] - Gross profit rose by 22% to $1.7 million, with an improved gross margin of 30% compared to 26.1% in Q1 2025 [17] - Operating expenses decreased by 8% to $1.32 million in Q1 2026, down from $1.44 million in Q1 2025 [17] - Operating income improved to $350,000 from an operating loss of $68,000 in the same period last year [18] - Net income for Q1 2026 was $509,000 or $0.05 per share, compared to a net loss of $25,000 in Q1 2025 [18] - Working capital rose by 12% to $4.8 million at the close of Q1 2026 [19] Business Line Data and Key Metrics Changes - The company achieved profitability in Q1 2026 due to higher revenue and lower operating expenses, reflecting solid operational execution [4][7] - The acquisition of the DCS Cinema loudspeaker line is expected to enhance the company's product offerings and market position [10][12] Market Data and Key Metrics Changes - Domestic box office receipts for Q3 were approximately $2.4 billion, nearly matching the previous year, indicating a stable exhibition industry [5] - The company anticipates Q2 2026 revenue of approximately $3.4 million, reflecting the impact of the holiday season on capital spending [20] Company Strategy and Development Direction - The company aims to build on its value proposition with new products and capabilities, particularly through the acquisition of DCS Cinema [5][12] - Focus on improving operational and financial performance while expanding capabilities to support customer needs in cinema technology [6][14] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism regarding the exhibition industry outlook, citing improved domestic box office trends and a stronger release calendar [14] - The company believes that the aging of legacy cinema systems will provide increasing opportunities for growth [14] Other Important Information - The acquisition of DCS Cinema was completed for $1.5 million in cash, expected to be accretive to the bottom line within two to three years [11][19] - The company has no long-term debt and maintains a solid cash position to support its operations and growth initiatives [19] Q&A Session Summary Question: Insights on DCS speaker line and revenue potential - The company intends to recoup the $1.5 million purchase cost of the DCS speaker line within two to three years [24] - The DCS line is well-respected and has significant potential that the previous owners may not have fully realized [25][26] Question: Compatibility with LEA power amplifiers - There are synergies between the DCS line and LEA power amplifiers, which could accelerate market acceptance [27] Question: Revenue opportunity for DCS speakers in theaters - Specific figures regarding revenue opportunities for outfitting theaters with DCS speakers were not available during the call [28] Question: International market approach and game plan - A clearer picture of the international market strategy will emerge after the onboarding process of the DCS business is completed [29]

Core Insights - Moving iMage Technologies reported Q1 revenue of $5.6 million, a 6.2% increase from $5.3 million in Q1'25, primarily driven by a custom cinema project [4] - The company achieved a gross profit of $1.7 million, reflecting a 22.0% increase compared to $1.4 million in the same quarter last year, with a gross margin percentage rising to 30.0% from 26.1% [4] - Net income improved to $509,000 or $0.05 per share, compared to a net loss of $25,000 or $0.00 per share in Q1'25, aided by a non-cash gain from debt extinguishment [4] Financial Performance - Q1'26 revenue increased to $5.6 million from $5.3 million in Q1'25, driven by custom cinema project deliveries [4] - Gross profit rose to $1.7 million, with gross margin percentage increasing to 30.0% due to a favorable model mix [4] - Operating income was reported at $350,000, a significant improvement from an operating loss of $68,000 in the previous year [4] - Working capital increased by 12.4% to $4.8 million, with cash at $5.5 million at the end of Q1'26 [4] Strategic Initiatives - The acquisition of the DCS cinema loudspeaker line for $1.5 million is expected to enhance the company's product offerings and competitive position [4][5] - The DCS line is anticipated to support sales opportunities in international markets, particularly in Europe and the Middle East [5] - The company is engaged in various upgrade and new build project discussions with U.S. exhibitors, indicating a steady level of industry interest [6] Project Highlights - Q1'26 included the delivery of a unique project for a 166-seat cinema at New York City's Cherry Lane Theatre and upgrades for Alamo Drafthouse locations in Texas [7] - The company is optimistic about increased capital spending on cinema upgrades due to expected solid box office attendance this winter [8]

Core Insights - Moving iMage Technologies, Inc. (MITQ) will report its Q1 fiscal 2026 results on November 14, 2025, before market opening and will host an investor call at 11:00 am ET [1] Group 1: Conference Call Details - The conference call is scheduled for November 14 at 11:00 am ET, with toll-free and international dial-in numbers provided for participants [2] - A transcript of the call will be available online 48 hours after the event, and questions can be submitted in advance via email [2] Group 2: Company Overview - Moving iMage Technologies focuses on delivering innovative out-of-home entertainment technology and services, catering to cinemas, Esports, stadiums, and other venues [1][3] - Founded in 2003, the company offers a range of products and services, including integrated systems design, custom engineering, and installation services [3] - The company manufactures various digital cinema peripherals in the U.S., including automation systems, projector pedestals, and Esports platforms, and also distributes equipment from major brands [4] Group 3: Product Offerings - MiT's Caddy Products division enhances guest experience by designing and selling cupholders, concession trays, and other venue accessories [5]

Core Insights - Moving iMage Technologies (MiT) has acquired the Digital Cinema Speaker Series (DCS) loudspeaker product line from QSC, enhancing its position in the global cinema market [1][2][3] - The DCS line is recognized for its high-quality audio performance and has a strong legacy in the cinema industry, making it a strategic addition to MiT's offerings [2][5][8] Company Overview - MiT is a provider of advanced out-of-home entertainment technology and services, focusing on cinemas, Esports, stadiums, and arenas [1][12] - The acquisition was funded through MiT's solid balance sheet, and the transaction closed on October 31, 2025 [3] Product Details - The DCS product line includes three series: SC Series (screen channel loudspeakers), SR Series (surround speakers), and SB Series (low-frequency effects speakers) [7][8] - The acquisition includes access to designs, trademarks, and other intellectual property necessary for manufacturing, as well as inventory management [3][4] Market Position - The DCS line has gained significant global market share since its introduction in 2004, becoming a standard in modern cinema sound [2][5] - MiT aims to leverage the DCS brand to expand its customer base and enhance its value proposition in North America and globally [8]

Core Insights - Moving iMage Technologies, Inc. (MITQ) reported a narrower net loss of 2 cents per share in Q4 fiscal 2025, compared to a loss of 4 cents per share in the same quarter last year, attributed to significant expense reductions [1] - The company experienced a revenue decline of 7.3% to $5.9 million from $6.4 million year-over-year, primarily due to reduced customer project activity [1] - For the full fiscal year 2025, revenues decreased by 9.9% to $18.2 million from $20.1 million, while the net loss narrowed to $1 million from $1.4 million, supported by a 9.4% reduction in operating expenses [3] Financial Performance - Operating expenses in Q4 fiscal 2025 decreased by 26.5% year-over-year to $1.4 million, driven by lower selling, marketing, and administrative costs [4] - Selling and marketing expenses fell by 34.3% to $0.5 million, while general and administrative costs decreased by 21.6% to $0.9 million [4] - The gross profit for Q4 was $1.2 million, down from $1.4 million last year, with gross margin narrowing to 20.4% from 22.5% [1] Business Metrics - The annual gross margin improved to 25.2% from 23.3%, indicating a focus on higher-margin projects, despite a quarterly decline due to variability in product mix [5] - The company ended fiscal 2025 with $5.7 million in cash, up from $5.3 million the previous year, and had no long-term debt, providing financial flexibility [5] - Working capital stood at $4.3 million [5] Management Insights - The CEO emphasized MITQ's role as a partner of choice in cinema projects, citing installations for notable clients and recognizing industry tailwinds from improving box office performance [6] - The President highlighted opportunities in laser projection and immersive audio, estimating thousands of auditoriums could be upgraded in the coming years [7] - The CFO noted that cost management initiatives contributed to bottom-line improvements and reiterated the goal of achieving consistent profitability [8] Market Dynamics - The year-over-year revenue decline was attributed to reduced project activity and the absence of seating revenues that benefited the prior year [9] - Management indicated that customer decisions regarding technology upgrades are influenced by broader economic conditions and box office performance [9] Future Guidance - For Q1 fiscal 2026, MITQ guided revenues to be approximately $4.9 million, with expectations weighted toward the second half of the year due to industry planning cycles [11] - Management expressed cautious optimism about a modest increase in cinema technology investments but acknowledged potential macroeconomic headwinds that could delay projects [11] Strategic Developments - During the quarter, MITQ secured a multi-year contract to install 150 Barco laser cinema projectors for a U.S. film exhibition customer, reinforcing its position in next-generation projection technologies [12] - Collaborations with Samsung and LG Electronics for Direct View LED installations were announced, expanding strategic opportunities beyond traditional projection systems [12]

```markdown [Executive Summary & Highlights](index=1&type=section&id=Executive%20Summary%20%26%20Highlights) Moving iMage Technologies reported improved Q4'25 and FY'25 financial performance, driven by expense reductions and strategic contract wins in cinema technology upgrades [Introduction](index=1&type=section&id=Introduction) Moving iMage Technologies announced its financial results for the fourth quarter (Q4'25) and fiscal year ended June 30, 2025 (FY'25), reporting an improved Q4 net loss and an increase in year-end net cash - **Moving iMage Technologies, Inc. (NYSE American: MITQ)** is a leading provider of out-of-home entertainment technology and services for cinema, Esports, stadiums, arenas, and other venues[1](index=1&type=chunk) Key Financial Snapshot (in thousands) | Metric | Q4'25 | Q4'24 | | :---------------- | :---------- | :---------- | | Net Loss | ($156) | ($416) | | Metric | FY'25 End | FY'24 End | | :---------------- | :---------- | :---------- | | Net Cash | $5,700 | $5,300 | [Management Commentary & Operational Highlights](index=1&type=section&id=Management%20Commentary%20%26%20Operational%20Highlights) Management highlighted improved bottom-line performance driven by operating expense reductions and an improved FY'25 gross margin. The company secured a significant laser projector contract and emphasized ongoing opportunities in cinema technology upgrades, including laser projection and Direct View LED displays, alongside a stable base of recurring service revenue - The company improved its **Q4'25 and FY'25 bottom-line performance**, as progress in reducing operating expenses more than offset higher revenues in the year-ago periods[4](index=4&type=chunk) Gross Margin Performance | Period | Q4'25 | Q4'24 | FY'25 | FY'24 | | :---------------- | :---- | :---- | :---- | :---- | | Gross Margin % | 20.4% | 22.5% | 25.2% | 23.3% | - Moving iMage secured a contract to install **150 Barco laser cinema projectors over three years** for a long-time U.S. film exhibition customer[4](index=4&type=chunk) - Key areas of opportunity include ongoing upgrades to **laser projection technology**, **Direct View LED display formats**, **PLF upgrades**, and **immersive audio solutions**[5](index=5&type=chunk)[6](index=6&type=chunk) - The company has built a largely recurring base of **$8,000 to $9,000 in annual revenue** from customers' ongoing parts, component replacement, design, and service needs[7](index=7&type=chunk) [Business Outlook](index=2&type=section&id=Business%20Outlook) The company anticipates a modest increase in cinema technology upgrades for FY'26, with revenue expectations weighted towards the second half and Q1'26 projected at approximately $4.9 million [FY'26 Outlook and Q1'26 Expectations](index=2&type=section&id=FY%26%2339%3B26%20Outlook%20and%20Q1%26%2339%3B26%20Expectations) Moving iMage Technologies is cautiously optimistic for FY'26, anticipating a modest increase in cinema technology upgrades. Revenue expectations for FY'26 are weighted towards the second half, with Q1'26 revenue projected at approximately $4.9 million - Moving iMage is cautiously optimistic regarding its **FY'26 outlook** and the potential for a modest ramp in cinema technology upgrades[8](index=8&type=chunk) - **FY'26 revenue expectations** are currently more weighted to the second half, given industry planning and budget cycles[8](index=8&type=chunk) Q1'26 Revenue Expectation (in thousands) | Metric | Q1'26 (Expected) | | :---------------- | :--------------- | | Revenue | $4,900 | [Financial Review](index=2&type=section&id=Financial%20Review) The company reported declining net sales for Q4'25 and FY'25, yet achieved improved net losses in both periods due to effective operating expense management and enhanced gross margins [Q4'25 Financial Performance](index=2&type=section&id=Q4%26%2339%3B25%20Financial%20Performance) In Q4'25, net sales declined by 7.3% primarily due to reduced customer project activity. Despite this, the company significantly improved its net loss by 62.5% to ($156K) from ($416K) in Q4'24, largely driven by a 26.5% reduction in operating expenses Q4'25 Key Financials (in thousands) | Metric | Q4'25 | Q4'24 | Change (%) | | :---------------------- | :---- | :---- | :--------- | | Net Sales | $5,883 | $6,349 | -7.3% | | Gross Profit | $1,202 | $1,429 | -15.9% | | Gross Margin % | 20.4% | 22.5% | -2.1 pp | | Operating Expenses | $1,389 | $1,891 | -26.5% | | Net Loss | ($156) | ($416) | +62.5% | | EPS | ($0.02) | ($0.04) | +$0.02 | - The **decrease in Q4'25 net sales** was principally due to reduced customer project activity and the impact of theater seating revenues recorded in the year-ago period[9](index=9&type=chunk) - **Q4'25 operating expenses decreased** due to Moving iMage's expense management initiatives, with **selling and marketing expenses down 34.3%** and **general and administrative expenses down 21.6%**[12](index=12&type=chunk) [FY'25 Financial Performance](index=3&type=section&id=FY%26%2339%3B25%20Financial%20Performance) For the full fiscal year 2025, revenue declined by 9.9% to $18.15M. However, the company improved its gross margin to 25.2% and reduced operating expenses by 9.4%, resulting in a 30.9% improvement in net loss to ($0.95M) compared to ($1.37M) in FY'24 FY'25 Key Financials (in thousands) | Metric | FY'25 | FY'24 | Change (%) | | :---------------------- | :---- | :---- | :--------- | | Revenue | $18,147 | $20,139 | -9.9% | | Gross Profit | $4,573 | $4,683 | -2.4% | | Gross Margin % | 25.2% | 23.3% | +1.9 pp | | Operating Expenses | $5,659 | $6,240 | -9.4% | | Net Loss | ($948) | ($1,372) | +30.9% | | EPS | ($0.10) | ($0.13) | +$0.03 | - **FY'25 revenue declined** principally due to reduced customer project activity[12](index=12&type=chunk) - The **improvement in FY'25 operating expenses** was driven by lower compensation expense, more effective use of sales and marketing budgets, and continued discipline around public company costs[12](index=12&type=chunk) [Conference Call Details](index=3&type=section&id=Conference%20Call%20Details) The company provided comprehensive details for its investor conference call, including dial-in information, instant access options, and replay availability [Investor Call Information](index=3&type=section&id=Investor%20Call%20Information) The company provided comprehensive details for its investor conference call, including dial-in numbers, a 'Call me™' link for instant access, and information regarding the transcript and replay availability - Dial-in Number: **1-877-407-4018**; Toll/International Number: **1-201-689-8471**[11](index=11&type=chunk) - A **'Call me™' link** is available for instant telephone access to the event, active 15 minutes prior to the scheduled start time[11](index=11&type=chunk) - Transcript will be posted online **48 hours** after the event. Telephone replay is available until **October 10, 2025, at 11:59 p.m. ET**[11](index=11&type=chunk) [About Moving iMage Technologies](index=4&type=section&id=About%20Moving%20iMage%20Technologies) Moving iMage Technologies (MiT) is a leading provider of out-of-home entertainment technology and services, offering integrated systems, proprietary products, and equipment distribution for various venues [Company Overview and Offerings](index=4&type=section&id=Company%20Overview%20and%20Offerings) Moving iMage Technologies (MiT) is a trusted partner in delivering state-of-the-art out-of-home entertainment environments, founded in 2003. The company provides products, integrated systems design, custom engineering, proprietary products, software, and installation services for various entertainment spaces, including cinemas, Esports venues, and stadiums. MiT also manufactures digital cinema peripherals and distributes equipment from major industry brands, complemented by its Caddy Products division - MiT provides **products, integrated systems design, custom engineering, proprietary products, software, and installation services** for cinemas, screening rooms, postproduction facilities, high-end home theaters, Esports venues, arenas, stadiums, and other entertainment spaces[14](index=14&type=chunk) - MiT manufactures a broad line of **digital cinema peripherals** in the U.S., including automation systems, projector pedestals/bases, projector lifts, hush boxes, direct-view LED frames, lighting fixtures and dimmers, power management devices, operations software, and Esports platforms[15](index=15&type=chunk) - The company distributes and integrates cinema equipment from leading brands such as **Barco, Sharp (NEC) Digital Cinema, Christie Digital, Dolby, LG, and Samsung**[15](index=15&type=chunk) - MiT's **Caddy Products division** designs and sells cupholders, concession trays, and venue accessories to enhance concession sales and improve the guest experience[16](index=16&type=chunk) [Financial Statements](index=5&type=section&id=Financial%20Statements) The financial statements reveal an increase in total assets and cash, alongside improved operating cash flow, despite a decline in net sales for both Q4'25 and FY'25 [Consolidated Balance Sheets](index=5&type=section&id=Consolidated%20Balance%20Sheets) The consolidated balance sheets show an increase in total assets to $10.888 million at June 30, 2025, from $10.523 million in the prior year, primarily driven by higher cash and accounts receivable, and a significant increase in right-of-use assets. Total liabilities also increased, while stockholders' equity decreased Consolidated Balance Sheets Highlights (in thousands) | Metric | June 30, 2025 | June 30, 2024 | | :-------------------------- | :------------ | :------------ | | Cash | $5,715 | $5,278 | | Accounts receivable, net | $1,464 | $1,048 | | Inventories, net | $2,066 | $3,117 | | Total Current Assets | $9,407 | $9,913 | | Right-of-use asset | $1,087 | $144 | | Total Assets | $10,888 | $10,523 | | Total Current Liabilities | $5,113 | $4,813 | | Total Long-Term Liabilities | $918 | — | | Total Liabilities | $6,031 | $4,813 | | Total Stockholders' Equity | $4,857 | $5,710 | [Consolidated Statements of Operations](index=6&type=section&id=Consolidated%20Statements%20of%20Operations) The consolidated statements of operations reflect a decline in net sales for both Q4'25 and FY'25. Despite this, the company achieved improved net losses in both periods, primarily due to effective management of operating expenses and an improved gross margin percentage for the full fiscal year Consolidated Statements of Operations (in thousands, except share and per share amounts) | Metric | Three Months Ended June 30, 2025 | Three Months Ended June 30, 2024 | Twelve Months Ended June 30, 2025 | Twelve Months Ended June 30, 2024 | | :-------------------------- | :------------------------------- | :------------------------------- | :-------------------------------- | :-------------------------------- | | Net sales | $5,883 | $6,349 | $18,147 | $20,139 | | Cost of goods sold | $4,681 | $4,920 | $13,574 | $15,456 | | Gross profit | $1,202 | $1,429 | $4,573 | $4,683 | | Total operating expenses | $1,389 | $1,891 | $5,659 | $6,240 | | Operating (loss) | ($187) | ($462) | ($1,086) | ($1,557) | | Net (loss) | ($156) | ($416) | ($948) | ($1,372) | | Weighted average shares outstanding: basic and diluted | 9,936,380 | 10,487,857 | 9,910,244 | 10,482,857 | [Consolidated Statements of Cash Flows](index=7&type=section&id=Consolidated%20Statements%20of%20Cash%20Flows) The consolidated statements of cash flows show a significant improvement in operating activities, with net cash provided turning positive to $437 thousand in FY'25 from a negative $796 thousand in FY'24. This, combined with minimal investing and financing activities, led to an overall increase in cash at the end of the period Consolidated Statements of Cash Flows (in thousands) | Metric | Year Ended June 30, 2025 | Year Ended June 30, 2024 | | :------------------------------------------ | :----------------------- | :----------------------- | | Net (loss) | ($948) | ($1,372) | | Net cash provided by (used in) operating activities | $437 | ($796) | | Net cash (used in) investing activities | — | ($12) | | Net cash (used in) financing activities | — | ($530) | | Net increase (decrease) in cash | $437 | ($1,338) | | Cash, beginning of the period | $5,278 | $6,616 | | Cash, end of the period | $5,715 | $5,278 | - Non-cash investing and financing activities for FY'25 included **$207 thousand** for right-of-use assets from new leases and **$988 thousand** from lease modification[23](index=23&type=chunk) [Forward-Looking Statements](index=4&type=section&id=Forward-Looking%20Statements) This section serves as a standard disclaimer, clarifying that statements about future events are forward-looking and subject to risks, with no commitment to updates [Disclaimer on Future Projections](index=4&type=section&id=Disclaimer%20on%20Future%20Projections) This section serves as a standard disclaimer, clarifying that statements about future events are forward-looking and subject to risks. Actual results may differ materially from these projections, and the company does not commit to updating them - Statements using words like "believe," "anticipate," "expect," "plan," "intend," "estimate," "target" are considered **forward-looking statements**[13](index=13&type=chunk) - **Actual results may differ materially** from those expressed or implied by forward-looking statements due to numerous important factors detailed in SEC filings[13](index=13&type=chunk) - The company assumes **no obligation to update** any forward-looking statements, to the extent permitted under applicable law[13](index=13&type=chunk) [Investor Relations](index=4&type=section&id=Investor%20Relations) This section provides contact details for investor relations inquiries, including names, email, and phone number [Contact Information](index=4&type=section&id=Contact%20Information) This section provides contact details for investor relations inquiries, including names, email, and phone number - **Investor Relations Contacts**: **Chris Eddy** or **David Collins** at **Catalyst IR**[17](index=17&type=chunk) - **Email**: **mitq@catalyst-ir.com**; **Phone**: **212-924-9800**[17](index=17&type=chunk) ```