Company: NTCL
Filing Date: 2025-10-20
Form Type: F-1
Source: 0001104659-25-100526
Chunk: 127

Company: NetClass Technology Inc
Filing Date: 2025-10-20
Form: F-1
Chunk 127
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 outsourcing costs. For the six months ended March 31, 2025, our total cost was approximately $3.3 million compared to approximately $3.2 million for the six months ended March 31, 2024. The Company’s total cost increased by approximately $0.1 million, or 5.2%. The overall decrease in total cost of revenues was mainly attributable to approximately $0.2 million increase in cost of providing subscription services. Our cost of application development services was approximately $2.0 million for the both six months ended March 31, 2025 and 2024, a decrease of approximately $0.05 million or 2.6%. The slight decrease in cost of application development service, while increase in revenue of application development service was mainly due to the reason the Company can gradually increase its selling price when the Company’s services can be accepted by customers in Hong Kong after one year low margin policy adopted in Hong Kong market. Our cost of subscription services was approximately $1.3 million for the six months ended March 31, 2025, an increase of approximately $0.2 million or 20.1%, from approximately $1.1 million for the six months ended March 31, 2024. The increase in cost of subscription service was mainly due to increased outsourcing costs and professionals. Gross profit

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|:---------------------------------|:--|:-------|--------:|:--|-------:|:--|:-------|--------:|:--|-------:|:--|:-------|--------:|:--|-------:|:--|
| Application development services |   | $      | 463,063 |   |   18.6 | % | $      | 352,474 |   |   14.5 | % | $      | 110,589 |   |