Dividends & Buybacks ·
NetClass Technology Inc. reported unaudited financial results for the six months ended March 31, 2026, showing total…
NTCLNetClass Technology Inc
NetClass Technology Inc. reported unaudited financial results for the six months ended March 31, 2026, showing total revenues of $6.4 million, a 74% increase from $3.7 million in the prior-year period. This growth was driven by application development services ($3.9 million) and the launch of a new AI computing support service ($1.1 million). Despite revenue growth, the company reported a net loss of $6.0 million, compared to a $5.0 million loss for the same period in 2025, primarily due to a 99.3% decrease in gross profit to $2,231. Additionally, the company announced a 50-for-1 reverse stock split effective July 6, 2026. The company operates in the technology industry, providing subscription and application development services.