Company: OTSA
Filing Date: 2025-06-09
Form Type: F-1
Source: 0001213900-25-052720
Chunk: 128

Company: OTSAW Ltd
Filing Date: 2025-06-09
Form: F-1
Chunk 128
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 cost of revenues. Our gross profit margin represents our gross profit as a percentage of our revenues. Our gross profit and margin 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