Company: OTSA
Filing Date: 2025-01-28
Form Type: DRS
Source: 0001213900-25-007614
Chunk: 124

Company: OTSAW Ltd
Filing Date: 2025-01-28
Form: DRS
Chunk 124
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 was primarily driven by an increase in the revenue from service and maintenance, as well as the revenue from sales of robots. However, it was partially offset by a decline in revenue from RaaS. Service and maintenance— Revenue from service and maintenance slightly increased by approximately US$0.2 million, or 5.8%, from approximately US$4.0 million for the year ended April 30, 2023, to approximately US$4.2 million for the year ended April 30, 2024, which was mainly due to the increase in service prices and rates. Specifically, the prices and rates for hospital projects rose by 5% during the year ended April 30, 2024, compared to last year, in order to cater for inflation.

78 Sales of robots — Sales of robots slightly increased by US$51,616, or 5.7%, from approximately US$0.9 million for the year ended April 30, 2023, to approximately US$1.0 million for the year ended April 30, 2024. This was due to the increase in demand from customers for the products of O -R 3and Camello. To adapt to evolving technology and market demands, we continuously innovate. As part of this effort, we launched the second generation of Camello, Camello+, which will also serve as our future revenue growth point. Robot as a service — Revenue from Robot as a service dropped by approximately US$0.1 million, or 42.9%, from approximately US$0.2 million for the year ended April 30, 2023, to approximately US$0.1 million for the year ended April 30, 2024. This decline was due to the discontinuation of the O -RXand O -R 2leases during the year ended April 30, 2024, as we observed a significant shift in customer priorities following the pandemic. In response to evolving technology and market demands, we have launched a new generation product, Camello+, which replaces Camello and O_R3. Cost of revenues Cost of revenues slightly decreased by US$68,457 or 1.9% from approximately US$3.7 million for the year ended April 30, 2023 to US$3.6 million for the year ended April 30, 2024. In the year ended April 30, 2024, certain prior year expenses have been classified to better reflect the function of the expense. Employment