Company: AOAO
Filing Date: 2025-02-24
Form Type: S-1/A
Source: 0001493152-25-008010
Chunk: 59

Company: Alpha One Inc.
Filing Date: 2025-02-24
Form: S-1/A
Chunk 59
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 (117,884 | ) |     |   |    382,317 |   |     | 324 | %  |
| Net income        |     | $                     |   1,245,550 |   |     | $ |    329,518 |   |     | $ |    916,032 |   |     | 278 | %  |

| 28 |

Net Revenues

Net revenues totaled $23,549,144 for the year ended March 31, 2024, an increase of $17,054,504, or 263%, as compared to the revenue for the year ended March 31, 2023. The increase in net revenues was mainly due to a significantly increase in sales of intelligent products $17,580,582 from the third parties, coverage of 75% of total net revenues for the year ended March 31, 2024. The sales of intelligent products were not steady and seasonal, mainly affected by the education procurement policy, which has two bidding and procurement processes with local education bureau per year. One is every March, the other is every October. Our customers will take part in the bidding and procurement processes. Additionally, there is a timing gap between when the company makes downpayments to suppliers and when it receives downpayments from customers. Therefore, there are known uncertainty whether the company could maintain such increment in revenue.

Looking
ahead, our intelligent products rely on network connectivity via a dedicated app, which is supported by our 5G infrastructure project
(our telecommunication project). As we continue expanding our telecommunications capabilities, we anticipate potential synergies between
our intelligent product offerings and 5G infrastructure, which could create new revenue streams and business opportunities in the future.

Cost of Revenues

Cost of revenues totaled $20,411,893 for the year ended March 31, 2024, an increase of $15,219,933, or 293%, as compared to for the year ended March 31, 2023. The increase in cost of revenue was due to the increase of revenue.

Gross Profit

Gross profit was $3,137,251 and $1,302,680 for the years ended March 31, 2024 and 2023 respectively. Gross profit increased $1,834,571 for the year ended March 31, 2024 primarily due to the increase in sales of intelligent products.

Operating Expenses

Operatingexpenses totaled $1,073,829 for the year ended March