Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 158

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 158
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 a Service (“RaaS”) models, which is handled by our inhouse sales and marketing team along with our regional distributors globally across Indonesia, Malaysia, Australia, China, South Korea, Hong Kong, UAE, Oman, Kuwait, USA and the UK. These two models are designed to address the different needs, cost -considerationsand risk tolerances among our current and targeted customer base. Under the direct sales model, revenue from robot sales is generated through the sale of hardware and software licenses, including spare parts and services related to robot setup and commissioning. Under the RaaS model, end -usershave the option to lease our robots for a fixed monthly fee, which includes comprehensive maintenance and support services. The typical contract duration ranges from 1 to 5 years. In particular, we believe that our RaaS model enables us to deliver significant value to our customer end -usersat a low cost. RaaS is a subscription -basedservice model, that will give our customers the convenience of included on -goingmaintenance, support, and software upgrades in addition to the use of our products. We envision that the RaaS model would be attractive to the end -usersand accelerates market adoption of our products as it lowers the upfront costs of deployment, shifts capital expenditures to operating expenditures, and provides the operational and technical support with the ability to upgrade any leased product as new technologies emerge. Revenue from our direct sales model accounted for approximately 18.0% and 17.7% of our total revenues for the years ended April 30, 2024, and 2023, respectively, while revenue from our RaaS model accounted for approximately 2.7% and 4.7% of our total revenues for the years ended April 30, 2024 and 2023, respectively. Revenue from our direct sales model accounted for approximately 11.3% and 14.2% of our total revenues for the six months ended October31, 2024, and 2023, respectively, while revenue from our RaaS model accounted for approximately 3.4% and 3.0% of our total revenues for the six months ended October31, 2024, and 2023, respectively. We also provide a range of support and maintenance services, including preventive and corrective maintenance of our robots, manning services, training, data transfer, and both software and hardware upgrades. Customers can opt to purchase a service and maintenance contract tailored to their requirements, offered at a fixed price without variable consideration,