Ted Farnsworth, the CEO of Helios and Matheson Analytics, which owns MoviePass, said on Tuesday that the company had raised $65 million in new funding.

He also said MoviePass had controlled its spending since changing to a three-movies-per-month plan.

MoviePass isn't going anywhere — at least, that's according to Ted Farnsworth, the CEO of Helios and Matheson Analytics, which owns MoviePass.

Farnsworth said just that on Tuesday while speaking at the entertainment-media conference TheGrill in Los Angeles.

According to The Wrap, which puts on the event, Farnsworth insisted the company was not going bankrupt and said it raised $65 million in new funding last month.

The company declined to comment when Business Insider requested more specifics on the funding.

Farnsworth said MoviePass had controlled its spending since switching in August to a three-movie-per-month plan for $9.95.

"People are going to less than one movie a month," Farnsworth said at the event, per The Wrap. "So technically subscription alone right now is doing just fine, now it's tacking on all the other things on top of it."

Farnsworth was alluding to the acquisition side of the company, which recently co-acquired the titles "Monsters and Men" and "Border" with the distribution company Neon through MoviePass Films.

However, the threat of being delisted from the Nasdaq is still looming over Helios and Matheson, as its stock was at $0.01 as of Wednesday. If it continues to trade below $1 until mid-December, the delisting process will begin.

On October 18, Helios and Matheson will hold a special meeting with stockholders on approval of an amendment for a one-time reverse stock split at a ratio up to one share for 500 shares.