Company: MITQ
Filing Date: 2025-09-29
Form Type: 10-K/A
Source: 0001437749-25-029978
Chunk: 43

Company: MOVING iMAGE TECHNOLOGIES INC.
Filing Date: 2025-09-29
Form: 10-K/A
Chunk 43
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--------------------|----:|:----|-----:|----:|
| (in 000’s)          |     |     |      |     |
| 2025                |     |     | 2024 |     |
| $                   | 138 |     |    $ | 185 |

Interest and Other Income(Expense) was $0.138 million for the year ended June 30, 2025 compared to Other Income(Expense) of $0.185 million for the year ended June 30, 2024 or a decline of $(0.047) million. The decline was due to a lower interest income on cash savings accounts for the year ended June 30, 2025 compared to the year ended June 30, 2024.

Net Loss

| Year Ended June 30, |      |   |      |        |   |
|:--------------------|:-----|:--|-----:|:-------|:--|
| (in 000’s)          |      |   |      |        |   |
| 2025                |      |   | 2024 |        |   |
| $                   | (948 | ) |    $ | (1,372 | ) |

Net loss of $(0.948) million for the year ended June 30, 2025 compared to a net loss of $(1.372) million for the prior year and improved by $0.424 million. This net loss decrease was largely due to the staff reductions related to headcount reduction in 2025.

<div align='center'>24</div>

Liquidity and Capital Resources

During the past several years, we have primarily met our working capital and capital resource needs from our operating cash flows and financing activities. We believe that our existing sources of liquidity, including cash and operating cash flow, will be sufficient to meet our projected capital needs for the foreseeable future. Our cash balance at June 30, 2025 was approximately $5.715 million, as compared to $5.278 million at June 30, 2024.

As of June 30, 2025, and following the COVID-19 pandemic, a large majority of domestic and international theaters were open. The industry’s recovery to historical levels of new film content, both in terms of the number of new films and box office performance, is still underway, as the industry also continues to adjust to evolving theatrical release windows, competition from streaming and other delivery platforms, supply chain delays,