Company: NUTR
Filing Date: 2025-01-15
Form Type: S-1/A
Source: 0001493152-25-002312
Chunk: 66

Company: NUSATRIP Inc
Filing Date: 2025-01-15
Form: S-1/A
Chunk 66
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 |     |     3.49 | % |
| Total                                      
 revenue                                    |     |     |   887,711 |     |     |   100.00 | % |     |     | 1,641,685 |     |     |   100.00 | % |

| 48 |

Our revenues were mainly generated from the sales of air ticket for the nine months ended September 30, 2024, as it contributed to 60.70% of our total revenue, decrease as compared to 71.53% for the nine months ended September 30, 2023. On the other hand, revenue generated from the online advertisement accounted for 32.74% and 18.25% of our total revenue for the nine months ended September 30, 2024 and 2023, respectively.

Overall revenue decrease for the three and nine months ended September 30, 2024 as compared to September 30, 2023 due to disruption of ticketing and hotel reservation system upgrade and server migration during the period.

Cost of Revenue

For the nine months ended September 30, 2024, our cost of revenue in respect of software subscription decreased by $14,354 or 46.57% to $16,469, as compared with $30,823 for the nine months ended September 30, 2023. The decrease in cost of software subscription was due to the cost control by restructuring of direct Vietnam IT team and software costs due to software cost invested did not bring in expected revenue due to demand drop for local hotel stay after reopening of country border, local traveler reduced. 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.

Gross Profit

For the nine months ended September 30, 2024, our gross profit decreased by $739,620 or 45.91% to $871,242, as compared with $1,610,862 for the nine months ended September 30, 2023. Gross profit margin belongs to Hotel Technology Platform Software Service which remained stable of 98.14% for the nine months ended September 30, 2024 as compared to 98.12% in September 30, 2023.

Sales and Marketing Expenses (“S&M”)

For the nine months ended September 30, 2024, our