Company: OTSA
Filing Date: 2025-05-23
Form Type: DRS/A
Source: 0001213900-25-047247
Chunk: 132

Company: OTSAW Ltd
Filing Date: 2025-05-23
Form: DRS/A
Chunk 132
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 changing customer preferences — Rapid innovation in robotics have shortened product life cycles, with customers seeking next -generationrobotics with enhanced AI capabilities and greater efficiency. As a result, they were less inclined to commit to long -termRaaS agreements unless it was new technology. In response to evolving technology and market demands, we have launched a new generation product, Camello +, a next -generationautonomous delivery and security robot designed to offer enhanced efficiency, improved AI capabilities, and seamless integration with modern logistics systems. Camello +combines both the Camello and O -R3models, addressing customer feedback for greater reliability, scalability, and adaptability in diverse operational environments. Cost of revenues Cost of revenues decreased by US$234,797 or 6.1% from approximately US$3.8 million for the year ended April 30, 2023 to US$3.6 million for the year ended April 30, 2024. This trend was attributable to improved cost controls and the launch of the new generation products, which are more cost -efficient. Gross profit Our gross profit increased by approximately US$0.4 million or 32.7%, from approximately US$1.3 million for the year ended April 30, 2023 to approximately US$1.7 million for the year ended April 30, 2024. Our gross profit margin for the year ended April 30, 2024, was approximately 31.6%, compared to approximately 24.7% for the year ended April 30, 2023. Gross profit margin of Service and Maintenance revenue increased to 29.2% for the year ended April 30, 2024, compared to 21.9% for the year ended April 30, 2023. This improvement was primarily due to the successful execution of larger and more complex projects, which allowed us to charge higher margins. Additionally, we implemented better cost controls for services, increasing profitability by bringing in skilled and capable staff to handle complex projects and reducing reliance on subcontractors. Gross profit margin of Sales of robots increased to 38.8% for the year ended April 30, 2024, compared to 32.7% for the year ended April 30, 2023, and the gross profit margin of RaaS increased to 55.5% for the year ended April 30, 2024, compared to 40.0% for the year ended April 30, 2023. The increase in