NetClass Technology reports FY net income loss of USD 1.39 million, down nearly 10 times
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NetClass Technology Inc. reported a net income loss of USD 1.39 million for the fiscal year ending September 30, 2025, a decline of nearly 10 times compared to the previous year. The company experienced a significant increase in net other expenses due to higher interest costs and a decrease in revenue amid market competition. The income tax benefit for the period was USD 86,736, contrasting with an income tax expense of USD 86,311 the prior year. The company noted a decline in government subsidies and highlighted issues with revenue recognition from application development service contracts.
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