Company: OTSA
Filing Date: 2025-01-28
Form Type: DRS
Source: 0001213900-25-007614
Chunk: 125

Company: OTSAW Ltd
Filing Date: 2025-01-28
Form: DRS
Chunk 125
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 expenses of US$166,340 relating to operation staff costs, were classified as General and administration expenses in the year ended April 30, 2023, these expenses would have been disclosed as Cost of revenue in the year ended April 30, 2023, if to conform with the presentation of year ended April 30, 2024. After accounting for this reclassification of prior year presentation, cost of revenue would have decreased by US$234,797 from 2023 to 2024. This trend was attributable to improved cost controls and the launch of the new generation products, which are more cost -efficient. Gross profit Our gross profit increased by approximately US$0.3 million or 17.2%, from approximately US$1.4 million for the year ended April 30, 2023 to approximately US$1.7 million for the year ended April 30, 2024. Our gross profit margin for the year ended April 30, 2024, was approximately 31.6%, compared to approximately 27.9% for the year ended April 30, 2023. Gross profit margin of Service and Maintenance revenue increased to 29.2% for the year ended April 30, 2024, compared to 26.1% for the year ended April 30, 2023. This improvement was primarily due to the successful execution of larger and more complex projects, which allowed us to charge higher margins. Additionally, we implemented better cost controls for services, increasing profitability by bringing in skilled and capable staff to handle complex projects and reducing reliance on subcontractors. Gross profit margin of Sales of robots increased to 38.8% for the year ended April 30, 2024, compared to 32.7% for the year ended April 30, 2023, and the gross profit margin of RaaS increased to 55.5% for the year ended April 30, 2024, compared to 40.0% for the year ended April 30, 2023. The increase in the gross profit margin for the two revenue streams was primarily driven by the successful launch of new -generationproducts that closely follow technological and market trends. The upgraded products typically yield a relatively higher gross profit margin than the old generation products. Other income Other income decreased by approximately US$0.3 million from approximately US$0.7 million for the year ended April 30, 2023 to approximately US$0.4 million for the year