NetClass Technology Inc. Reports 3% Revenue Decline and Higher Net Loss for First Half of Fiscal 2025

For the six months ended March 31, 2025, total revenue was $3.7 million compared to $3.8 million for the same period in 2024, representing a decrease of $0.1 million, or 3.0%. Revenue from subscription services decreased by $0.2 million, offset by a $0.1 million increase in revenue from application development services. Cost of revenues for the six months ended March 31, 2025 was $3.35 million, compared to $3.18 million for the same period in 2024, an increase of 5.2%. Gross profit was $0.31 million, down from $0.58 million in the prior period, a decrease of 47.7%. Gross profit margin was 8.4% for the six months ended March 31, 2025, compared to 15.5% for the same period in 2024. The decrease in gross profit margin was due to maintaining competitive pricing despite increased costs. Total operating expenses increased to $5.49 million from $2.82 million, an increase of $2.67 million or 94.7%. The increase in operating expenses was mainly due to higher marketing expenses, technology upgrading, strategy consulting, and business consulting costs following the IPO. Loss from operations was $5.18 million for the six months ended March 31, 2025, compared to $2.23 million for the same period in 2024, an increase of 131.9%. Loss before income taxes was $5.00 million, compared to $2.24 million in the previous period, an increase of 122.7%. Net loss was $4.90 million, compared to $2.07 million for the six months ended March 31, 2024, an increase of $2.83 million or 137.2%. Comprehensive loss attributable to shareholders was $4.84 million, compared to $2.03 million in the prior period, an increase of 138.6%. The increase in net loss was primarily due to higher operating expenses and lower gross profit, partially offset by a $0.2 million increase in net other income.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NetClass Technology Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9537839-en) on September 30, 2025, and is solely responsible for the information contained therein.