Company: OTSA
Filing Date: 2025-07-16
Form Type: F-1/A
Source: 0001213900-25-064434
Chunk: 141

Company: OTSAW Ltd
Filing Date: 2025-07-16
Form: F-1/A
Chunk 141
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 administrative expenses increased by US$159,481 or 6.7%, compared to the period ended October 31, 2023. The increase is mainly due to increased IPO activity -relatedspending as well as due to the increase in headcount. Sales and marketing expenses decreased by approximately US$166,792 to approximately US$0.4 million for the period ended October 31, 2024. This decrease was primarily due to reduced sales activity for the period ended October 31, 2024. Research and development expenses increased by approximately $0.1 million, totaling approximately $0.4 million for the period ended October 31, 2024. This increase is attributable to the increased headcount in this department for the purpose of impending new model development. Finance cost Finance cost increased by approximately US$0.1 million from approximately US$0.4 million for the period ended October 31, 2023 to approximately US$0.5 million for the period ended October 31, 2024. The increase was mainly due to the higher borrowings for the period ended October 31, 2024. 85

Loss before income taxes We had a loss before income taxes of approximately US$3.3 million and approximately US$2.9 million for the periods ended October 31, 2024 and 2023, respectively. The increased in loss before income taxes was directly attributed to decreased revenue and increased in operating expenses arising from increased in IPO activities spending as well as R&D personnel cost for new model development. Income tax expense Income tax expenses dropped to nil from US$71,596 for the period ended October 31, 2024 due to a one -offsecurity transfer tax incurred during the period ended October 31, 2023. Net Loss As a result of the foregoing factors, net loss increased by 12.9% from US$2.9 million for the period ended October 31, 2023 to US$3.3 million for the period ended October 31, 2024. Segment Results of Operations The following table sets forth the segment revenue and operating profit for the periods presented.

|                          |     | For the Six Months Ended October 31, |   |     |            |   |     |          |   |     |            |   |     |            |   |     |            |   |     |          |   |     |            |   |
|                          |     |                                 2024 |   |