Core Viewpoint - NetClass Technology Inc has received a notification from Nasdaq indicating that it no longer meets the minimum bid price requirement of $1 per share for continued listing [1][2]. Group 1: Nasdaq Compliance Notification - The notification does not immediately affect the listing or trading of the Company's Class A ordinary shares, which will continue to trade under the symbol "NTCL" [2]. - The Company has a compliance period of 180 calendar days, until July 27, 2026, to regain compliance with Nasdaq's continued listing requirement [2]. - If the Company fails to regain compliance within the compliance period, it may be eligible for additional time if it meets other listing standards and provides written notice of its intention to cure the deficiency [2]. Group 2: Company's Response and Future Plans - The Company is currently evaluating options to regain compliance and intends to take timely actions to meet Nasdaq's continued listing requirement [3]. - Although the Company will make reasonable efforts to achieve compliance, there is no assurance that it will be able to do so [3]. Group 3: Company Overview - NetClass Technology Inc is a leading B2B smart education IT solutions provider with offices in Shanghai, Hong Kong, Singapore, and Tokyo [4]. - The Company offers innovative IT solutions including SaaS subscription services and application software development, focusing on various educational and organizational needs [4].

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 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 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 - 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].

Core Insights - NETCLASS Technology INC has entered a strategic partnership with East China Normal University to develop smart education solutions in computational linguistics, marking a significant milestone in university-industry collaboration [1][4] - The partnership aims to integrate technology with language education, focusing on cultivating interdisciplinary talent and transforming academic research into practical applications [2][4] Company Overview - NETCLASS Technology INC is a leading B2B smart education IT solutions provider with offices in Shanghai, Hong Kong, Singapore, and Tokyo, offering services such as SaaS subscription and application software development [6] - The company's mission is to deliver reliable, high-quality products that drive sustainable growth for its customers [6] Partnership Details - The collaboration will provide high-quality internship opportunities in areas like language assessment and adaptive learning systems, giving students hands-on experience [3] - A new course titled "AI + Language Teaching System Development" will be launched, featuring corporate mentors to bridge the gap between theory and practice [3] - A "Joint Research and Development Center for Language and Educational Technology" will be established to support student innovation projects and the application of scientific research [3] Expected Outcomes - The partnership is expected to cultivate high-quality professional talent for the industry and promote innovative development in smart education products and assessment systems [4] - NETCLASS aims to expand its business scope and strengthen its core competitiveness through this collaboration [4]