NetClass Technology Q2 2025 Financial Results and IPO Completion

NetClass Technology Inc. filed its Form 6-K for the six months ended March 31, 2025, reporting unaudited interim financial results. The company completed its initial public offering (IPO) during the period, raising $10.35 million in gross proceeds. Financial performance showed revenues of $3.65 million, down slightly from $3.77 million in the prior year period. The company reported a net loss of $4.96 million, significantly higher than the $2.07 million loss in the same period last year, primarily due to increased operating expenses including higher general and administrative costs ($3.98 million vs. $0.40 million) and research and development expenses. The company ended the period with $6.70 million in total equity, up from $3.06 million at September 30, 2024, reflecting the IPO proceeds. Cash position improved to $2.31 million from $0.42 million. The filing also discloses the company's business operations in China, Hong Kong, Singapore, and Japan, providing online professional education platforms and smart education IT solutions.