Company: NUTR
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023401
Chunk: 55

Company: NUSATRIP Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 55
---
    Software Service 
     —  
     0.00% 
     6,721  
     0.76%
  
    Ancillary 
     9,456  
     0.46% 
     36,876  
     4.16%
  
    Total
    revenue 
    $2,044,872  
     100.00% 
    $887,711  
     100.00%

Our
revenues for the nine months ended September 30, 2025, were mainly generated from ticketing sales and online advertising, which contributed
62.37% and 37.02% respectively to our total revenue. In contrast, for the nine months ended September 30, 2024, ticketing sales and online
advertising contributed 60.69% and 32.74%, respectively. Revenue from hotel reservations decreased to 0.15% in 2025 (from 1.65% in 2024),
and ancillary sales decreased to 0.46% in 2025 (from 4.16% in 2024). Revenue from software subscriptions, which contributed 0.76% in
2024, was nil in 2025 as those services were discontinued.

The
increase in revenue for the three and nine months periods was mainly driven by higher sales from domestic airlines, particularly Lion
Air. In addition, Nusatrip’s Gross Merchandise Value (GMV) to Agoda increased substantially from USD 5 million in 2024 to USD 117
million in 2025. This growth was achieved by making our selling prices more competitive through partnerships with several new suppliers
who offer better rates.

38

Cost
of Revenue. For the three and nine months ended September 30, 2025, our cost of revenue in respect of software subscription decreased
by $4,279 and $16,469 or 100% to $0, as compared with $4,279 and $16,469 for the three months ended September 30, 2024. The decrease
in cost of software subscription is in line with revenue. No cost of revenue of online advertising revenue was recorded as online advertisement
is shown on our ready/ongoing website and mobile Apps that is not subject to significant direct cost but general IT maintenance cost
which recorded in General and Administrative Expenses.

For
the three and nine months ended September 30, 2024, there is