Company: OTSA
Filing Date: 2025-06-09
Form Type: F-1
Source: 0001213900-25-052720
Chunk: 138

Company: OTSAW Ltd
Filing Date: 2025-06-09
Form: F-1
Chunk 138
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2 million for the period ended October 31, 2024. This is due to lower sales from existing models being phased out and new models have yet to be on sale. Robot as a service — Revenue from Robot as a service dipped by approximately US$21,946, or 27.0%, from approximately US$0.08 million for the period ended October 31, 2023, to approximately US$0.06 million for the period ended October 31, 2024. This decline is immaterial. Cost of revenues Cost of revenues decreased by US$742,742 or 36.2% from approximately US$2.1 million for the period ended October 31, 2023 to US$1.3 million for the period ended October 31, 2024. This trend is in line with the decrease in revenue reported for the period ended October 31, 2024. Gross profit Our gross profit decreased by approximately US$0.2 million or 34.9%, from approximately US$0.7 million for the period ended October 31, 2023 to approximately US$0.5 million for the period ended October 31, 2024. Our gross profit margin for the period ended October 31, 2024, was approximately 26.2%, compared to approximately 25.8% for the period ended October 31, 2023. Gross profit margin improved mildly across categories due to higher mix of low cost models being sold as newer and more costly models have yet to be sold. Other income No material fluctuations in other income. Operating expenses General and administrative expenses primarily comprise personnel -relatedcosts for executive management and administrative functions, including finance and accounting, human resources, general corporate expenses, and general insurance. These expenses also include depreciation of property and equipment, amortization of our intangible assets primarily related to favorable rights, contract backlogs, and customer relationships, as well as amortization of right -of -useassets, and are recognized as incurred. For the period ended October 31, 2024, general and administrative expenses increased by US$159,481 or 6.7%, compared to the period ended October 31, 2023. The increase is mainly due to increased IPO activity -relatedspending as well as due to the increase in headcount. Sales and marketing expenses decreased by approximately US$166,792 to approximately US$0.4 million for the period ended October 31, 2024.