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NTCL

NetClass Technology Inc

NTCL

NetClass Technology Inc • NASDAQ
$1.07 ▼ -10.80% (-0.13)
Market Cap $21.95 M
52w High $51.80
52w Low $1.03
Dividend Yield 0%
P/E -4.11
Volume 122.18K
Outstanding Shares 20.52M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2024 $6.335M ▲ $785.352K ▼ $587.198K ▲ 9.268% ▲ $0.037 ▲ $950.466K ▲
Q2-2024 $3.766M ▼ $2.818M ▲ $-2.065M ▼ -54.83% ▼ $-0.131 ▼ $-2.228M ▼
Q4-2023 $7.831M ▲ $800.14K ▼ $983.754K ▲ 12.563% ▲ $0.065 ▲ $1.179M ▲
Q2-2023 $3.259M $1.173M $-821.525K -25.211% $-0.055 $-695.92K

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2024 $410.716K ▲ $7.229M ▲ $4.166M ▲ $2.971M ▲
Q2-2024 $316.095K ▼ $4.376M ▼ $2.023M ▼ $2.354M ▼
Q4-2023 $524.601K $6.541M $2.097M $4.444M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2024 $587.198K ▲ $76.18K ▲ $0 $9.366K ▲ $0 $76.18K ▲
Q2-2024 $-2.065M ▼ $-211.836K ▼ $0 $1.502K ▼ $0 $-211.836K ▼
Q4-2023 $983.754K ▲ $233.36K ▲ $0 $10.982K ▲ $0 ▼ $233.36K ▲
Q2-2023 $-821.525K $158.516K $0 $-163.895K $222.896K $158.516K

Five-Year Company Overview

Income Statement

Income Statement NetClass looks like a very early‑stage software company where the commercial side is still catching up with the technology story. Reported revenue in the simple table is tiny and flat, and profits swing around small gains and losses, which is typical when a business is still building products and sales channels. The narrative data indicating meaningful 2024 revenue suggests that underlying activity is ramping, but profitability is not yet established. Overall, the income statement points to a company still in the investment and build‑out phase rather than a mature, earnings‑driven business.

Balance Sheet

Balance Sheet The balance sheet appears very light: limited assets, no notable debt, and only a thin equity base in the summarized figures. That means the company is not heavily leveraged, which reduces financial strain from interest, but it also suggests a limited buffer to absorb setbacks and a likely reliance on external funding to grow. The recent private placement mentioned in the research is consistent with this picture of a company financing expansion mainly through new capital rather than internally generated funds.

Cash Flow

Cash Flow Cash flow data here are effectively flat, with no clear sign of strong cash generation from operations or heavy spending on physical assets. For a software and platform business, that usually means most investment is in people and product development rather than factories or equipment. The key implication is that the business is not yet self‑funding at scale and probably depends on periodic capital raises to support product development, sales expansion, and regional growth plans.

Competitive Edge

Competitive Edge Competitively, NetClass is trying to carve out a focused niche in B2B smart education by combining specialized AI with blockchain‑based credentialing. Its vertical AI model for education, language‑learning systems, and “smart campus” solutions give it a differentiated offering versus generic learning platforms. Partnerships with universities and presence across several Asian hubs add credibility and market access. The flip side is that education technology is crowded and fast‑moving; NetClass must prove it can scale adoption, maintain its technology lead, and convert pilot wins and projects into durable, recurring relationships across institutions.

Innovation and R&D

Innovation and R&D Innovation is clearly the core of the NetClass story. The company is building domain‑specific language models, AI‑driven foreign‑language teaching tools, and a blockchain system for secure academic records, and it has accumulated a sizable portfolio of intellectual property. Joint R&D centers with academic partners and planned acquisitions in Japan and Southeast Asia show an intent to deepen both technology and regional reach. The opportunity is to turn these innovations into widely used platforms; the main risks are execution, the cost of ongoing R&D, and the need to keep pace with rapid advances in broader AI and education technology.

Summary

Overall, NetClass comes across as a young, technology‑rich education software company that is still early in converting innovation into stable financial performance. The financials suggest a light, under‑levered balance sheet and immature earnings profile, while the qualitative information points to a strong emphasis on AI, blockchain, and integrated smart‑campus solutions backed by academic partnerships. The long‑term story hinges on whether the company can scale its customer base, secure recurring contracts, and manage its funding needs while continuing to invest in advanced educational technology.

NEWS

November 14, 2025 · 8:30 AM UTC

NETCLASS TECHNOLOGY INC Announces Closing of $2.4 Million Private Placement (PIPE) Financing

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October 22, 2025 · 8:30 AM UTC

NETCLASS TECHNOLOGY INC Signed Strategic MOU with RunSun Cloud to Advance AI Computing and Application Development in Southeast Asia

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October 16, 2025 · 4:30 PM UTC

NETCLASS TECHNOLOGY INC Announces Updated Earnings Results for the First Half of Fiscal Year 2025

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September 30, 2025 · 4:30 PM UTC

NETCLASS TECHNOLOGY INC Announces Earnings Results for the First Half of Fiscal Year 2025

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September 15, 2025 · 8:00 AM UTC

NETCLASS TECHNOLOGY INC Announces $2.4 Million Private Placement (PIPE) Financing to Advance AI Applications and Blockchain Initiatives in Singapore

Read more