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 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 has established a wholly owned subsidiary, NETCLASS INTERNATIONAL PTE. LTD., in Singapore to enhance its international business development in AI applications, particularly in Southeast Asia and other global markets [1][2][3]. Company Expansion - The new subsidiary will act as the primary base for overseas expansion and innovation in AI-driven solutions, focusing on language proficiency assessment and AI-assisted education [2][3]. - Singapore's strategic position as a technology hub, along with its strengths in talent development and advanced research capabilities, is seen as ideal for accelerating the company's global growth [2][3]. Leadership Perspective - Dr. Jianbiao Dai, Chairman and CEO of NetClass, emphasized that establishing a local presence in Singapore will enhance collaboration with regional partners, attract top talent, and deliver innovative solutions to meet the evolving needs of educators and learners worldwide [3]. Vision and Commitment - The establishment of the Singapore subsidiary aligns with the company's broader vision of transforming traditional education through intelligent technologies, enhancing global R&D capabilities, and deepening its presence in Southeast Asia [3]. - The company remains committed to driving educational digitalization and providing scalable, impactful AI solutions to institutions and enterprises globally [3]. Company Overview - NETCLASS TECHNOLOGY INC specializes in B2B smart education IT solutions, offering services such as SaaS subscription services and application software development for various educational and organizational needs [4]. - The company's mission is to deliver reliable, high-quality products that promote sustainable growth for its customers [4].