Company: NTCL
Filing Date: 2025-10-20
Form Type: F-1
Source: 0001104659-25-100526
Chunk: 124

Company: NetClass Technology Inc
Filing Date: 2025-10-20
Form: F-1
Chunk 124
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,742 |
| Net assets                     | ​ | $        | 2,411,029 | ​ | $          | — | ​ | $     | 2,411,029 |

61

Results of Operations For the six months ended March 31, 2025 and 2024 The following table summarizes the results of our operations for the six months ended March 31, 2025 and 2024, respectively, and provides information regarding the dollar and percentage increase or (decrease) during such periods.

| ​                                                                           
 ​                                                                           
 ​                                                                           
 REVENUES:                                                                   | ​ 
 ​ 
 ​ | ​    
 ​    
 2025 
 ​    |          ​ 
          ​ | ​ 
 ​ 
 ​ | ​    
 ​    
 2024 
 ​    |          ​ 
          ​ | ​ 
 ​ 
 ​ | ​      
 ​      
 Change 
 ​      |          ​ 
          ​ | ​ 
 ​ 
 ​ |        ​ 
        % 
   Change 
        ​ | ​ 
 ​ 
 ​ |
|:----------------------------------------------------------------------------|:--|:-----|-----------:|:--|:-----|-----------:|:--|:-------|-----------:|:--|---------:|:--|
| Application development services                                            | ​ | $    |  2,491,822 | ​ | $    |  2,435,967 | ​ | $      |     55,855 |   |      2.3 | % |
| Subscription services                                                       | ​ |      |  1,162,588 | ​ |      |  1,330,225 | ​ |        |   -167,637 |   |    -12.6 | % |
| Total revenues                                                              | ​ |      |  3,654,410 | ​ |      |  3,766,192 | ​ |        |   -111,782 |   |     -3.0 | % |
| ​                                                                           | ​ | ​    |          ​ | ​ | ​    |          ​ | ​ | ​      |          ​ | ​ |        ​ | ​ |
| COST OF REVENUES:                                                           | ​ |      |            | ​ |      |            | ​ |        |            |   |          | ​ |
| Application development services                                            | ​ |      |  2,028,759 | ​ |      |  2,083,493 | ​ |        |    -54,734 |