Company: NUTR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023401
Chunk: 56

Company: NUSATRIP Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 56
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 no vendor accounts for 10% or more of the Company’s cost of revenue
as at period-end dates.

Gross
Income. We recorded a gross income of $768,674 and $169,167 for the three months ended September 30, 2025 and 2024, respectively.
During the nine months ended September 30, 2025 and 2024, we recorded a gross income of $2,044,872 and $871,242, respectively. The gross
income is due to increased gross income from revenue from online ticketing and online advertisements. Gross income margin was 100% and
of 97.53% for the three months ended September 30, 2025 and 2024, respectively. During the nine months ended September 30, 2025 and 2024,
our gross income margin was 100% and 98.14%  respectively. Significant high gross profit margin is the nature of our business for
which the majority of the revenue are recognized at net basis, according to agency theory, the cost of purchase is net off in the revenue
against the Gross Merchandise Value (GMV) and the revenue is supported by operating costs. The increase is mainly attributable to the
decrease in cost of revenue for the year ended December 31, 2024. Higher gross margin for the three and nine months period ended September
30, 2025 was due to higher profit margin arising from online advertisements.

Overall
revenue increased for the three months ended September 30, 2025 as compared to September 30, 2024, primarily due to new contracts having
been awarded for online advertisements   during such quarter. In addition, Nusatrip’s GMV to Agoda increased substantially
from USD 5 million in 2024 to USD 117 million in 2025. This growth was achieved by making our selling prices more competitive through
partnerships with several new suppliers who offer better rates.

Sales
and Marketing Expenses (“S&M”). We incurred S&M expenses of $43,865 and $37,071 for the three months ended September
30, 2025 and 2024, respectively. During the nine months ended September 30, 2025 and 2024, we incurred S&M expenses of $135,330 and
$134,926, respectively. For the three months ended September 30, 2025, the increase in sales and marketing (S&M) expenses