Company: NTCL
Filing Date: 2025-10-20
Form Type: F-1
Source: 0001104659-25-100526
Chunk: 135

Company: NetClass Technology Inc
Filing Date: 2025-10-20
Form: F-1
Chunk 135
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   % of 
 Change | ​ |
|:---------------------------------|:--|:--------------------|----------:|:--|-------:|:--|:-------|----------:|:--|-------:|:--|:-------|---------:|:--|-------:|:--|
| Application development services | ​ | $                   | 2,123,894 |   |   27.2 | % | $      | 1,622,688 |   |   19.5 | % | $      |  501,206 |   |   30.9 | % |
| Subscription service             | ​ |                     |   191,036 |   |    8.3 | % |        |   736,984 |   |   26.5 | % |        | -545,948 |   |  -74.1 | % |
| Total gross profit               | ​ | $                   | 2,314,930 |   |   22.9 | % | $      | 2,359,672 |   |   21.3 | % | $      |  -44,742 |   |   -1.9 | % |

Our gross profit decreased by approximately $0.1 million or 1.9% from approximately $2.4 million for the year ended September 30, 2023 to approximately $2.3 million for the year ended September 30, 2024. Profit margin as a percent of overall revenue for the years ended September 30, 2024 and 2023 was approximately 22.9% and 21.3%, respectively. Gross profit for application development services increased by approximately $0.5 million or 30.9% from approximately $1.6 million for the year ended September 30, 2023 to approximately $2.1 million for the year ended September 30, 2024. Profit margin for the years ended September 30, 2024 and 2023 was approximately 27.2% and 19.5%, respectively. The increase in profit margin was due to the reason the Company raised its selling price during the fiscal year ended September 30, 2024, and terminated its low margin strategy started in the fiscal year ended September