Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 142

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 142
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 | ) |     |   (3,870 | ) |     |   (414,799 | ) |
| Loss before income tax   |     |                           (2,376,143 | ) |     |   (783,141 | ) |     | (130,189 | ) |     | (3,289,473 | ) |     | (2,133,395 | ) |     |   (564,674 | ) |     | (144,129 | ) |     | (2,842,198 | ) |

Revenue contribution from AGV decreased to US$1,623,684 (Oct 23: $2,575,108). This decrease was primarily due to lower deployment and delivery of AGVs for the six month period ended October31, 2024 as compared to the earlier six month period ended October31, 2023, as well as a loss in sales due to the transition from the older AGV models to the introduction of the new AGV models in the market. Revenue from AMR dropped to US$152,299 (Oct 23: 156,030) due to sales loss during interchange from old model to new model introduction to the market. Cost of revenue from AGV dropped to US$1,238,233 (Oct 23: US$1,995,977) which is consistent with the drop in AGV revenue but cost of revenue for AMR went up to US$72,740 (Oct 23: US$49,807) in spite of AMR revenue drop, due to higher initial costs associated with new model being sold. AGV operating expenses increased to US$1,165,045 (Oct 23:US$1,135,861) despite the revenue drop due to higher legal related costs from Swisslog JV buy over. However, AMR segment General and administration expenses increased to US$1,514,203 (Oct 23: US$1,443,537) due to IPO activities cost and increase in headcount while its increase in Research and Development Expenses US$209,078 (Apr 23: US$106,248) due to increased higher R&D headcount and spending in spite of the revenue drop. Liquidity and Capital Resources Prior to this offering, our principal sources of liquidity to finance our day -to -dayoperations are from the financing provided by our major shareholder and related parties. We recorded net cash outflow in operating activities of US$2.3 million and US