Signed $1.67 million AI-service order, representing initiative in AI applicationLaunched AI-Powered CEPA English Proficiency Testing SystemAI English Go received industry award for research excellence SINGAPORE and HONG KONG, Feb. 05, 2026 (GLOBE NEWSWIRE) -- NETCLASS TECHNOLOGY INC (Nasdaq: NTCL; the “Company” or “NetClass”), a leading B2B smart education IT solutions provider with offices in Shanghai, Hong Kong, Singapore and Tokyo, today announced a series of significant updates across its artificial int ...

SINGAPORE and HONG KONG, Jan. 29, 2026 (GLOBE NEWSWIRE) -- NETCLASS TECHNOLOGY INC (Nasdaq: NTCL; the “Company” or “NetClass”), a leading B2B smart education IT solutions provider with offices in Shanghai, Hong Kong, Singapore and Tokyo, today announced that, on January 27, 2026, the Company received a letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that based on the closing bid price of the Class A ordinary shares of the Company for the last ...

Core Insights - NETCLASS Technology INC successfully closed a PIPE financing round, raising approximately $2.4 million led by an institutional investor [1][2] Financing Details - The company sold 1,500,000 Class A ordinary shares at a price of $1.60 per share, exempt from the registration requirements of the Securities Act [2] Strategic Use of Proceeds - The net proceeds from the PIPE financing will be utilized to expand AI application scenarios, advance blockchain technology applications, and strengthen the adoption of the EDC token in Singapore [3] Company Vision and Growth - The successful financing is viewed as a significant milestone for the company, enabling it to accelerate the rollout of its AI-driven education ecosystem and pursue new token-based opportunities [4] - The company aims to leverage Singapore's supportive environment for blockchain and AI innovation to drive sustainable growth [4] Company Overview - NETCLASS Technology INC specializes in B2B smart education IT solutions, offering services such as SaaS subscription services, application software development, and blockchain systems for education [5]

Core Insights - NetClass Technology Inc has entered a Memorandum of Understanding (MOU) with RunSun Cloud Pte. Ltd. to enhance AI computing infrastructure and application development in Singapore and Southeast Asia [1][2] - The collaboration follows a recent three-year sales contract with HPC AI Technology Pte. Ltd., which generated approximately $443,000 in sales during the initial six-month term [2] - This partnership aims to strengthen high-performance AI computing to support generative AI and enterprise solutions, thereby boosting NetClass's overall sales performance [2][3] Company Developments - The partnership with RunSun Cloud is a strategic milestone for NetClass, following the establishment of its Singapore subsidiary and the relocation of its global headquarters to Singapore [3] - NetClass has also secured $2.4 million in PIPE financing to support AI and blockchain innovation, reinforcing its commitment to advancing global AI applications and long-term business growth in Southeast Asia [3] Leadership Perspective - Dr. Jianbiao Dai, Chairman and CEO of NetClass, emphasized that the collaboration with RunSun Cloud is crucial for accelerating the expansion of NetClass's AI ecosystem and driving innovation in the region [4]

Core Viewpoint - NetClass Technology Inc. has reported a significant increase in net loss and operating expenses for the first half of fiscal year 2025, indicating financial challenges despite a slight decrease in total revenue [1][6]. Financial Performance - Total revenue for the six months ended March 31, 2025, was approximately $3.7 million, a decrease of about $0.1 million or 3.0% compared to $3.8 million for the same period in 2024 [3]. - Gross profit decreased by approximately $0.3 million or 47.7%, from approximately $0.6 million in 2024 to approximately $0.3 million in 2025, resulting in a profit margin decline from 15.5% to 8.4% [4]. - Operating expenses surged by approximately $2.7 million or 94.7%, rising from approximately $2.8 million in 2024 to approximately $5.5 million in 2025, primarily due to increased marketing and technology upgrade costs [5]. Loss Metrics - The net loss increased by approximately $2.9 million or 140.0%, from a net loss of approximately $2.1 million in 2024 to approximately $5.0 million in 2025 [6]. - Comprehensive loss attributable to shareholders was approximately $4.9 million for the first half of 2025, compared to approximately $2.0 million in 2024, marking a significant increase [14]. Company Overview - NetClass Technology Inc. specializes in B2B smart education IT solutions, providing services such as SaaS subscription services and application software development to various educational and corporate entities [7][8].

Core Viewpoint - NETCLASS Technology INC reported a significant increase in net loss and operating expenses for the first half of fiscal year 2025, indicating challenges in revenue generation and cost management [1][6]. Financial Highlights - Total revenue for the six months ended March 31, 2025, was approximately $3.7 million, a decrease of 3.0% from approximately $3.8 million in the same period of 2024 [2][3]. - Cost of revenues increased by 5.2% to approximately $3.3 million, leading to a gross profit of approximately $0.3 million, down 47.7% from approximately $0.6 million in 2024 [2][4]. - Operating expenses surged by 94.7% to approximately $5.5 million, primarily due to increased marketing and technology upgrade costs following the company's IPO [2][5]. Loss Analysis - The loss from operations increased by 131.9% to approximately $5.2 million, compared to a loss of approximately $2.2 million in the previous year [2][6]. - The net loss for the first half of fiscal year 2025 was approximately $4.9 million, a 137.2% increase from a net loss of approximately $2.1 million in the same period of 2024 [2][6]. - Comprehensive loss attributable to shareholders was approximately $4.8 million, compared to $2.0 million in the prior year, reflecting a 138.6% increase [2][6]. Revenue Breakdown - The decrease in total revenue was attributed to a $0.2 million decline in subscription services, which was partially offset by a $0.1 million increase in application development services [3]. Profit Margin - The profit margin as a percentage of overall revenue decreased from approximately 15.5% in 2024 to 8.4% in 2025, primarily due to competitive pricing pressures despite rising costs [4]. Company Overview - NETCLASS Technology INC specializes in B2B smart education IT solutions, offering services such as SaaS subscription services and application software development to various educational and corporate entities [8].

Core Viewpoint - NETCLASS Technology INC has entered into a securities purchase agreement for a private placement of 1,500,000 Class A ordinary shares at $1.60 per share, raising approximately $2.4 million, which will support its strategic initiatives in AI and blockchain technology [1][2][3][4]. Group 1: Financial Details - The private placement involves the issuance of 1,500,000 Class A ordinary shares at a price of $1.60 per share, resulting in gross proceeds of about $2.4 million [1][2]. - The investor has the option to purchase an additional 1,500,000 Class A ordinary shares at the same price over the next three years following the closing date [2]. Group 2: Strategic Initiatives - The financing is aimed at broadening AI application scenarios and advancing blockchain technology within the company's offerings [3]. - NETCLASS has already implemented AI-assisted language learning systems in multiple universities and is developing further AI-driven tools to enhance its education portfolio [3]. - The company plans to expand its education chain and promote the adoption of the EDC token in Singapore, while also exploring the potential issuance of new tokens [3]. Group 3: Corporate Positioning - The agreement reflects investor confidence in the company's strategy and vision, enhancing its balance sheet and providing capital flexibility for technology development [4]. - With Singapore as its global headquarters, NETCLASS aims to leverage supportive policies for blockchain and AI, access top talent and capital, and drive sustainable growth [4]. Group 4: Company Overview - NETCLASS Technology INC specializes in B2B smart education IT solutions, offering services such as SaaS subscription services and application software development [5]. - The company's solutions cover various areas including teaching management, online education, examinations, epidemic prevention, data storage, and blockchain systems [5].

Core Insights - NETCLASS Technology INC is relocating its corporate headquarters to Singapore effective September 1, 2025, to enhance its global expansion strategy [1][2][4] - The company has signed a non-binding Letter of Intent to acquire 51% of LBC International, a Vietnam-based retail management solutions provider, which is expected to accelerate its expansion in Vietnam and Southeast Asia [1][3][4] Group 1: Headquarters Relocation - The relocation to Singapore aims to strengthen access to core Asia-Pacific markets and foster connections with local innovation ecosystems, capital resources, and talent [2][4] - Singapore is viewed as a world-class innovation hub with a strong regulatory environment, making it an ideal base for the company's growth [4] Group 2: Acquisition of LBC International - The acquisition of LBC International is anticipated to enhance NETCLASS's footprint in Vietnam and generate recurring revenue across various retail verticals [3][4] - LBC International's expertise with Retail Pro POS is expected to create significant synergies that will drive long-term growth for NETCLASS [4]

Core Viewpoint - The company, NetClass (NTCL), experienced a stock price increase of 2.92% on August 21, closing at $1.76 per share, with a total market capitalization of $30.24 million [1] Financial Performance - As of September 30, 2024, NetClass reported total revenue of $10.10 million, representing a year-over-year decrease of 8.91% [1] - The company recorded a net loss attributable to shareholders of $1.48 million, which is a significant decline of 1010.94% compared to the previous year [1] Company Overview - NetClass Technology Company is a Cayman Islands-registered holding company that operates primarily through its domestic subsidiary, Shanghai NetClass Information Technology Co., Ltd. [1] - The subsidiary specializes in IT services and smart education solutions within the education sector, offering digital products and services, software development, smart classroom construction, mobile learning platforms, as well as cloud computing, big data, and blockchain technology services [1]

Core Insights - NetClass (NTCL) experienced a 2.63% increase in stock price, reaching $1.95 per share with a trading volume of $36,700, resulting in a total market capitalization of $33.51 million [1] Financial Performance - As of September 30, 2024, NetClass reported total revenue of $10.10 million, reflecting a year-over-year decrease of 8.91% [1] - The company recorded a net profit attributable to shareholders of -$1.48 million, which represents a significant year-over-year decline of 1010.94% [1] Company Overview - NetClass Technology Company is a foreign holding company registered in the Cayman Islands, primarily operating through its domestic subsidiary, Shanghai NetClass Information Technology Co., Ltd. [1] - The subsidiary specializes in IT technology services and smart education, offering digital products and services in the education sector, software development, smart classroom construction, mobile learning platforms, as well as cloud computing, big data, and blockchain technology services [1]