Quarterly ResultJul 22, 2026, 04:37 PM
NetClass Revenue +74% to $6.36M; Net Loss Widens to $5.96M
AI Summary
NetClass Technology Inc. reported a 74% increase in total revenue to $6.36 million for the six months ended March 31, 2026, compared to $3.65 million in the prior year period. Despite revenue growth, the company's net loss widened by 20.3% to $5.96 million, and gross profit saw a significant decline. The period also saw the introduction of a new AI computing support service, contributing over $1 million in revenue. The company effected a 50:1 reverse stock split on July 6, 2026, which retrospectively adjusted share numbers.
Key Highlights
- Total revenue increased 74% to $6.36 million for the six months ended March 31, 2026.
- Net loss widened 20.3% to $5.96 million for the six months ended March 31, 2026.
- Loss per share improved to $(12.69) from $(14.64) due to a reverse stock split.
- Gross profit significantly decreased by 99.3% to $2,231.
- AI computing support service, a new offering, generated $1.07 million in revenue.
- Application development services revenue grew 55.3% to $3.87 million.
- Subscription services revenue increased 21.8% to $1.42 million.
- The company completed a 50:1 reverse stock split on July 6, 2026.
Price Impact
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