Company: NTCL
Filing Date: 2025-10-20
Form Type: F-1
Source: 0001104659-25-100526
Chunk: 132

Company: NetClass Technology Inc
Filing Date: 2025-10-20
Form: F-1
Chunk 132
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413 | ​ |      |    419,560 | ​ |        | -1,722,973 |   |   -410.7 | % |
| Income tax provision                                                        | ​ |      |     86,311 | ​ |      |    257,331 | ​ |        |   -171,020 |   |    -66.5 | % |
| NET INCOME (LOSS)                                                           | ​ |      | -1,389,724 | ​ |      |    162,229 | ​ |        | -1,551,953 |   |   -956.6 | % |
| Other comprehensive income (loss)                                           | ​ |      |     66,618 | ​ |      |    -29,439 | ​ |        |     96,057 |   |   -326.3 | % |
| COMPREHENSIVE INCOME (LOSS)                                                 | ​ | $    | -1,323,106 | ​ | $    |    132,790 | ​ | $      | -1,455,896 |   | -1,096.4 | % |
| Less: Comprehensive income (loss) attributable to non-controlling interests | ​ |      |    -88,089 | ​ |      |          — | ​ |        |    -88,089 |   |        — | ​ |
| Comprehensive income (loss) attributable to shareholders                    | ​ | $    | -1,411,195 | ​ | $    |    132,790 | ​ | $      | -1,543,985 |   | -1,162.7 | % |

Revenues We derive revenues from two sources: (1) revenue from application development services, and (2) revenue from subscription services. The Company focuses on developing applications and solutions equipped with the Company’s new technology in SaaS platform. For the year ended September 30, 2024, our total revenue was approximately $10.1 million compared to approximately $11.1 million for the year ended September 30, 2023. The Company’s total revenue decreased by approximately $1.0 million, or 8.9%. The overall decrease in total revenue was attributable to approximately $0.5 million decrease in revenue from application development services and approximately $0.4 million decrease in revenue from subscription services. Revenue from application development services The Company’s application development service contracts are primarily on a fixed-price basis, which require the