Company: IMG
Filing Date: 2025-11-07
Form Type: 10-Q/A
Source: 0001493152-25-021258
Chunk: 40

Company: CIMG Inc.
Filing Date: 2025-11-07
Form: 10-Q/A
Chunk 40
---
2024. Our gross profit margin was 24.41% for the nine months ended June 30, 2025, compared to a gross loss margin of 10.85% for the
prior-year period. The improvement in gross performance was primarily driven by cost reductions resulting from the introduction of new
products and the expansion of new sales channels.

Operating Expenses

|           |     | Nine         
 months ended 
 June         
 30,          |      2025 |     |   |      2024 |     | Change |    Dollars |     |     | %      |    |
|:----------|:----|:-------------|----------:|:----|:--|----------:|:----|:-------|-----------:|:----|:----|:-------|:---|
| Operating 
 Expenses  |     | $            | 3,387,725 |     | $ | 4,748,076 |     | $      | -1,360,351 |     |     | (28.65 | )% |

For the nine months ended June 30, 2025, the Company’s operating expenses were $3,387,725, representing a decrease of approximately 28.65% compared to $4,748,076 for the same period in 2024. The reduction was primarily attributable to lower warehousing costs, decreased labor remuneration, and reduced professional service fees during the current period.

Net Loss

|          |     | Nine months ended 
 June 30,          |      2025 |     |   |      2024 |     | Change | Dollars    |   |     |     |     % |   |
|:---------|:----|:------------------|----------:|:----|:--|----------:|:----|:-------|:-----------|:--|:----|:----|------:|:--|
| Net Loss |     | $                 | 2,990,047 |     | $ | 4,663,887 |     | $      | (1,673,840 | ) |     |     | 35.89 | % |

For the nine months ended June 30, 2025, we incurred a net loss of $2,990,047, compared to a net loss of $4,663,887 for the same period in 2024. The reduction in net loss was primarily attributable to lower product costs, decreased storage expenses, reduced