Company: NUTR
Filing Date: 2025-03-25
Form Type: CORRESP
Source: 0001641172-25-000449
Chunk: 38

Company: NUSATRIP Inc
Filing Date: 2025-03-25
Form: CORRESP
Chunk 38
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, Google Flights”,
and Hotel Ads travel metasearch products. In addition, Google may be able to leverage the data they collect on users to the detriment
of us and other OTAs. Search engines may also continue to expand their voice and artificial intelligence capabilities. To the extent these
actions have a negative effect on our search traffic or the cost of acquiring such traffic, our business and financial performance could
be adversely affected.

In general, increased competition has resulted in,
and may continue to result in, reduced margins, as well as loss of travelers, transactions and brand recognition and we cannot assure
you that we will be able to compete successfully against any current, emerging and future competitors or on platforms that may emerge,
or offer differentiated products and services to our travelers. Increasing competition from current and emerging competitors, the introduction
of new technologies and the continued expansion of existing technologies, such as search engine technologies, may force us to make changes
to our business models, which could affect our financial performance and liquidity. Some of our competitors may also have other significant
advantages, such as greater financial resources or name recognition, more favorable corporate structures, or a broader global presence,
among others.

We Have One Customer Accounting for a Substantial Portion of our Revenues.

We currently derive a significant portion of our revenues
from one customer. For the periodyear ended September 30December 31, 2024, the Company
had a single customer that constituted 16.4022.94% of its revenue, with accounts receivable of $0 at the year-end.
For the year ended December 31, 20222023, the Company had a single customer that constituted 30.3016.40%
of its revenues, with accounts receivable of $0 at the year-end. There are inherent risks whenever a large percentage of total revenues
are concentrated with a limited number of customers. It is not possible for us to predict the future level of demand for our services
that will be generated by large customers or the future demand for the products and services of these customers in the end-user marketplace.
In addition, revenues from this large customer may fluctuate from time to time based on market conditions or other facts, some of which
may be outside of our control. If this customer experiences declining or delayed sales due to market, economic or competitive conditions,
it could have an adverse effect on our margins and financial position, and could negatively affect our revenues and results of operations
and/or trading price of our common