Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 131

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 131
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 (FY23: US$2,850,835) and US$378,600 (FY23: US$14,500) respectively due to increased Sales team member hired and deployed and Sales/Distribution channels established, coupled with increased marketing activity and expenditure. Revenue contribution from Europe instead dropped to US$1,954,769 (FY23: US$2,245,805) as the demand dropped in tandem with the escalating energy cost arising from the war in Ukraine.

| Revenue      |     |      Asia 
   Pacific |     |    Europe |     |   North 
 America |     |     Total |
| Oct 31, 2024 |     | 1,246,178 |     |   441,072 |     |  88,733 |     | 1,775,983 |
| Oct 31, 2023 |     | 1,374,999 |     | 1,286,838 |     | 106,000 |     | 2,767,837 |

Revenue contribution from Asia Pacific and North America for the six months ended October31, 2024 decreased to US$1,246,178 (FY23: US$1,374,999) and US$88,733 (Oct 23: US$106,000) respectively due to slowdown in the market. Revenue contribution from Europe for the six months ended October31, 2024 dropped to US$441,072 (Oct23: US$1,286,838) as our German entity is hampered by parts and manpower shortage.

77

Cost of revenues Cost of revenues primarily includes costs related to subcontracting, labor, and the materials used in the manufacturing of robots, as well as those used for maintenance services. Cost of revenue represented 68.4% and 75.3% of our total revenues for the years ended April 30, 2024 and 2023, respectively. Cost of revenue represented 73.8% and 74.2% of our total revenues for the six months ended October31, 2024 and 2023, respectively. Gross profit and gross profit margin The following table sets forth our gross profit and gross profit margin by revenue streams for the periods indicated.

|                           |     | For the Years Ended April 30, |     |              |     |           |     |              |
|                           |     |                          2024 |     |              |     |      2023 |     |              |