MOVING iMAGE TECHNOLOGIES INC. -> SpinCo
MITQ / n/a ยท detected 2026-02-18
Dear Fellow Shareholders,  
Fiscal 2025 was an important year of progress for Moving iMage Technologies (“MiT”) as we strengthened our business fundamentals, focused on higher margin opportunities and sharpened our expense discipline.
These actions reduced total operating expenses in FY’25 by 9% compared to FY’24, and we improved gross margin to 25.2% compared to 23.3% in the prior year, reflecting our strategic focus on higher-margin products and service opportunities.
Operationally, our strategy is to diversify MiT’s revenue mix and expand the base of predictable, recurring business.
Abstentions and broker non-votes are counted as present and entitled to vote for purposes of determining a quorum.
Abstentions will not be counted as votes cast and will have no effect on the result of the vote although they will be considered present for the purpose of determining the presence of a quorum.