Company: NIVFW
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001213900-25-033966
Chunk: 9

Company: NewGenIvf Group Ltd
Filing Date: 2025-04-22
Form: 20-F
Item: Item 3
Chunk 9
---
 associated with growth, the expansion of its client base and being a public
company. NewGenIvf’s efforts to grow its business may be costlier than it expects, and NewGenIvf may not be able to increase its
revenue enough to offset its increased operating expenses. NewGenIvf may incur significant losses in the future for a number of reasons,
including the other risks described herein, and unforeseen expenses, difficulties, complications and delays, and other unknown events.
If NewGenIvf is unable to sustain profitability, the value of its business and common stock may significantly decrease.

NewGenIvf’s future revenue may not
grow at the rates it historically has, or at all.

NewGenIvf has experienced
growth since its business operations started in 2014. Revenue and NewGenIvf’s client base may not grow at the same rates they historically
have, or they may decline in the future. NewGenIvf’s future growth will depend, in part, on its ability to:

  continue to attract new clients and/or maintain existing clients;  

  price its solutions and services effectively so that it is able to attract new clients, expand sales to its existing clients and maintain profitability;  

  provide its clients with client support that meets their needs, including through dedicated PNs;  

  maintain successful collection of applicable receivable balances;  

  retain and maintain relationships with high-quality and respected fertility specialists;  

  attract and retain highly qualified personnel to support all clients; and  

  increase awareness of its brand and successfully compete with other competitors.  
 ────────────────────────────────────────────────────────────────────────────────────

NewGenIvf may not successfully
accomplish all or any of these objectives, which may affect its future revenue, and which makes it difficult for it to forecast its future
results of operations. In addition, if the assumptions that NewGenIvf uses to plan its business are incorrect or change in reaction to
changes in its market, it may be difficult for it to maintain profitability. NewGenIvf’s shareholders should not rely on its revenue
for any prior quarterly or annual periods as any indication of its future revenue or revenue growth.

In addition, NewGenIvf expects
to continue to expend substantial financial and other resources on:

  sales and marketing;  

  technology infrastructure, including systems architecture, scalability, availability, performance and security; and  

  general administration, including increased legal and accounting expenses associated with being a public company.  
 ─────────