Company: OTSA
Filing Date: 2025-01-28
Form Type: DRS
Source: 0001213900-25-007614
Chunk: 121

Company: OTSAW Ltd
Filing Date: 2025-01-28
Form: DRS
Chunk 121
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 |     |           |     |            |
| Service and maintenance     |     |                     4,195,079 |     |       79.3 |     | 3,964,964 |     |       77.6 |
| Sales of robots             |     |                       954,108 |     |       18.0 |     |   902,492 |     |       17.7 |
| Robot as a service (“RaaS”) |     |                       139,142 |     |        2.7 |     |   243,684 |     |        4.7 |
| Total revenues              |     |                     5,288,329 |     |      100.0 |     | 5,111,140 |     |      100.0 |

Range of service and robotic solutions: a)Service and Maintenance Revenue from service and maintenance encompasses a range of support and maintenance services, including preventive and corrective maintenance of our robots, manning services, training, data transfer, and both software and hardware upgrades. Customers can opt to purchase a service and maintenance contract tailored to their requirements, offered at a fixed price without variable consideration, typically for an average term of 5 years. Revenue from provide service and maintenance is recognized over time on a straight -linebasis over the period of services provided. Revenue of service and maintenance represented approximately 79.3% and 77.6% of our total revenues for the years ended April 30, 2024 and 2023, respectively. b)Sales of robots Revenue from robot sales is generated through the sale of hardware and software licenses, including spare parts and services related to robot setup and commissioning. The sales income is recognized upon the products are physically delivered and accepted by the customers. Revenue from sales of robots accounted for approximately 18.0% and 17.7% of our total revenues for the years ended April 30, 2024, and 2023, respectively. c)Robot as a service (“RaaS”) Our subscription -basedmodel offers end -usersthe option to lease our robots for a fixed monthly fee, which includes comprehensive maintenance and support services. The typical contract duration ranges from 1 to 5 years. Revenue from these subscriptions is recognized on a straight -linebasis over the service period. Additionally, variable revenue is generated from robot setup and commissioning services. Revenue from RaaS accounted for approximately 2.7% and 4.7%