GUANGZHOU, CHINA, Sept. 05, 2025 (GLOBE NEWSWIRE) -- Youxin Technology Ltd (NASDAQ: YAAS) (the “Company”), a software as a service (“SaaS”) and platform as a service (“PaaS”) provider committed to helping retail enterprises digitally transform their businesses, today announced the pricing of a firm commitment underwritten public offering with gross proceeds to the Company expected to be approximately $6.0 million, before deducting underwriting fees and other offering expenses payable by the Company. The off ...

Core Viewpoint - Youxin Technology Ltd has received notices from Nasdaq regarding non-compliance with minimum bid price and market value requirements for continued listing on the Nasdaq Capital Market [1][2]. Compliance Requirements - The company has a compliance period of 180 days, until February 9, 2026, to meet the minimum bid price requirement of $1.00 per share for at least 10 consecutive business days [3]. - If the company fails to meet the minimum bid price requirement, it may be eligible for an additional 180-day grace period, provided it meets other listing standards [4]. - The company also has a separate 180-day compliance period to meet the minimum Market Value of Listed Securities (MVLS) requirement of $35 million [5]. Business Operations - The receipt of the notices does not affect the company's business operations, and it intends to take measures to regain compliance with Nasdaq Listing Rules [6]. - Youxin Technology is a SaaS and PaaS provider focused on helping retail enterprises with digital transformation through cloud-based solutions [7].

Core Viewpoint - Youxin Technology Ltd reported a 21% year-over-year revenue growth in the first half of fiscal year 2025, driven by the resumption of customized CRM system development services, despite facing near-term margin pressures and a net loss [2][4][6]. Financial Overview - Total revenues for the first half of fiscal year 2025 were $346,013, an increase of 21% from $285,392 in the same period of the previous year [4][6]. - Gross profit was $129,627, down from $193,746 year-over-year, resulting in a gross margin of 37%, compared to 68% in the prior year [10][23]. - The net loss for the period was $1.7 million, compared to a net loss of $0.9 million in the same period last year [6][13]. Revenue Breakdown - Revenue from professional services reached $326,793, a significant increase of 169% from $121,366 year-over-year [4][14]. - Revenue from payment channel services decreased by 88% to $17,098, down from $140,663, attributed to reduced client demand [8][14]. - Revenue from subscription services was $97,128, a decrease of 15% from $114,789, due to a decline in customized CRM system development services [14]. Cost and Expenses - Cost of revenues increased by 136% to $216,386 from $91,646 in the previous year [9]. - Operating expenses totaled $1.4 million, up from $1.2 million year-over-year, with significant increases in general and administrative expenses [11][15]. - Research and development expenses decreased by 83% to $140,262, primarily due to reduced labor-related costs [15]. Cash Flow and Financial Condition - As of March 31, 2025, cash was $1,636,920, a substantial increase from $18,372 as of September 30, 2024 [6][17]. - Net cash used in operating activities was $2.3 million, compared to $0.6 million in the same period last year [17]. - Net cash provided by financing activities was $7.2 million, significantly higher than $0.3 million in the previous year [18]. Strategic Outlook - The company aims to optimize its PaaS platform and SaaS services to enhance customer value and loyalty, while also collaborating with strategic vendors to meet client needs [2].

Core Viewpoint - Youxin Technology Ltd has reported a significant strategic shift towards its third-generation PaaS platform, resulting in improved gross margins despite a decline in overall revenue. The company aims for long-term growth and operational efficiency through this transition [2][3]. Financial Performance - Total revenues for fiscal year 2024 were $521,241, a decrease of 42% from $895,978 in fiscal year 2023, primarily due to the reduction in customized CRM system development services [3][5]. - Gross profit was $341,593 in fiscal year 2024, compared to $543,302 in fiscal year 2023, with a gross margin increase to 66% from 61% [5][9]. - The net loss for fiscal year 2024 was $1.28 million, a reduction of 45.3% from a net loss of $2.34 million in fiscal year 2023 [2][12]. Revenue Breakdown - Revenue from professional services was $275,314 in fiscal year 2024, a decrease of 50% from $548,822 in fiscal year 2023 [4]. - Revenue from subscription services was $232,556 in fiscal year 2024, down 10% from $258,150 in fiscal year 2023 [7]. - The company did not generate revenue from customized CRM system development services in fiscal year 2024, which had previously contributed $134,768 in fiscal year 2023 [6]. Cost Management - Cost of revenues decreased to $179,648 in fiscal year 2024, down 49% from $352,676 in fiscal year 2023 [8]. - Operating expenses were reduced to $1.7 million in fiscal year 2024, compared to $3.0 million in fiscal year 2023, reflecting a decrease in headcount and salary costs [10][15]. Cash Flow and Financial Condition - As of September 30, 2024, the company had cash of $18,372, a significant decrease from $399,050 as of September 30, 2023 [14]. - Net cash used in operating activities was $728,066 in fiscal year 2024, down from $2,310,183 in fiscal year 2023 [14][22]. Recent Developments - The company's Class A ordinary shares began trading on the Nasdaq Capital Market on December 20, 2024, under the ticker symbol "YAAS," following an initial public offering that raised $10.35 million [15][16].

Core Viewpoint - Youxin Technology Ltd has successfully completed its initial public offering, raising a total of US$10.35 million by offering 2,300,000 Class A ordinary shares at a price of US$4.50 per share, with trading commencing on Nasdaq under the ticker symbol YAAS [1][4]. Group 1: Offering Details - The initial public offering consisted of 2,300,000 Class A ordinary shares priced at US$4.50 each, resulting in gross proceeds of US$10.35 million before expenses [1]. - The underwriters have a 45-day option to purchase an additional 345,000 Class A ordinary shares at the public offering price [1]. - Aegis Capital Corp. served as the sole book-running manager for the offering [3]. Group 2: Use of Proceeds - The net proceeds from the offering will be allocated to research and development, including the development of the company's SaaS standard product and cloud services [2]. - Funds will also be used for sales and marketing investments, focusing on expanding distribution channels for current and future markets [2]. - General corporate purposes may include capital expenditures and potential strategic investments or acquisitions [2]. Group 3: Company Overview - Youxin Technology Ltd is a SaaS and PaaS provider aimed at assisting retail enterprises in their digital transformation through cloud-based solutions [6]. - The company offers a comprehensive suite of omnichannel digital solutions that integrate various aspects of commerce, including inventory management and e-commerce capabilities [6]. - Its products enable mid-tier brand retailers to connect management teams, distributors, salespersons, stores, and end customers across different systems and devices, utilizing real-time sales data [6].

Core Viewpoint - Youxin Technology Ltd has announced the pricing of its initial public offering (IPO) of 2,300,000 Class A ordinary shares at a price of US$4.50 per share, aiming to raise approximately US$10.35 million before expenses [1][2]. Group 1: Offering Details - The Class A ordinary shares are set to be listed on The Nasdaq Capital Market under the ticker symbol "YAAS," with trading expected to commence on December 20, 2024 [1]. - The offering is expected to close around December 23, 2024, pending customary closing conditions [1]. - Underwriters have a 45-day option to purchase up to 345,000 additional Class A ordinary shares at the public offering price [1]. Group 2: Use of Proceeds - Net proceeds from the offering will be allocated to research and development, including the development of the Company's SaaS standard product and further investment in cloud services [2]. - Funds will also be used for sales and marketing investments, focusing on expanding distribution channels for existing and future markets [2]. - General corporate purposes may include capital expenditures and potential strategic investments or acquisitions [2]. Group 3: Company Overview - Youxin Technology Ltd is a SaaS and PaaS provider dedicated to assisting retail enterprises in their digital transformation through cloud-based solutions [7]. - The Company offers a comprehensive suite of omnichannel digital solutions that integrate various aspects of commerce, including inventory management and e-commerce capabilities [7]. - Its products enable mid-tier brand retailers to connect management teams, distributors, salespersons, stores, and end customers across systems and devices, utilizing real-time sales data [7].

Group 1 - Youxin Technology Ltd (YAAS) has filed revised terms to raise approximately $10.4 million in gross proceeds from the sale of its Class A stock in an IPO, according to an amended SEC registration statement [1] - The investing group IPO Edge provides actionable information on growth stocks, including first-look S-1 filings, previews on upcoming IPOs, an IPO calendar, a database of U.S. IPOs, and a guide to IPO investing [2]