Company: OTSA
Filing Date: 2025-05-23
Form Type: DRS/A
Source: 0001213900-25-047247
Chunk: 127

Company: OTSAW Ltd
Filing Date: 2025-05-23
Form: DRS/A
Chunk 127
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 are influenced by various factors, including the type of customer, project size, type and nature of services rendered, and trade volume. Our gross profit was approximately US$1.7 million and US$1.3 million, respectively, and our gross profit margin was 31.6% and 24.7%, respectively, for the years ended April 30, 2024 and 2023. Our gross profit was approximately US$465 thousand and US$714 thousand, respectively, and our gross profit margin was 26.2% and 25.8%, respectively, for the six months ended October31, 2024 and 2023. Other income The following table sets forth our other income, both in absolute amount and as a percentage of total revenues, for the years ended April 30, 2024 and 2023:

|                                   |     | For the Years Ended April 30, |   |     |            |   |     |         |     |            |
|                                   |     |                          2024 |   |     |            |   |     |    2023 |     |            |
|                                   |     |                           US$ |   |     | % of total 
   revenues |   |     |     US$ |     | % of total 
   revenues |
| Government grants                 |     |                       142,390 |   |     |        2.7 |   |     | 216,034 |     |        4.2 |
| Swisslog consideration adjustment |     |                       259,875 |   |     |        4.9 |   |     | 486,468 |     |        9.5 |
| Miscellaneous (expense)/income    |     |                       (35,996 | ) |     |       (0.7 | ) |     |  36,821 |     |        0.8 |
| Total other income                |     |                       366,269 |   |     |        6.9 |   |     | 739,323 |     |       14.5 |

Other income amounted to approximately US$0.4 million and US$0.7 million for the years ended April 30, 2024 and 2023, respectively.

77

Government grants of approximately US$0.1 million for the year ended April 30, 2024 primarily represented (i) Inland Revenue Authority of Singapore (IRAS) Progressive Wage Credit