NetClass Technology (2024 New Filing)

General Information
Business:

We offer, through our subsidiaries in the People’s Republic of China (PRC), a variety of SaaS subscription services to schools, training institutions, corporations, government agencies and other institutions, and corporate customers in China. (Incorporated in the Cayman Islands)

Through our operating subsidiaries located in Hong Kong and PRC, namely, NetClass HK, NetClass Education, NetClass Management, NetClass Training and NetClass HR, we are mainly engaged in offering an online professional education platform and related courseware, as well as a data management system. We provide smart education IT solutions to schools, training institutions, corporations, government agencies (mainly Shanghai Municipal Education Commission), and other institutions or corporate customers. Our services include SaaS subscription services and application software development. Our products include modules such as teaching management, campus management, online teaching, online examination, epidemic prevention, EDC (Education Credit) blockchain system, and lecturer evaluation services. These modules are powered by the mobile Internet, cloud computing, and big data technologies. Our mission is to provide high-quality and reliable products to our customers to maintain sustainable business growth over the long term.

Note: Net loss and revenue are in U.S. dollars are for the 12 months that ended March 31, 2024.

(Note: NetClass Technology, Inc., filed an F-1/A on May 16, 2024, in which it lowered the bottom end of its price range to $4.00 – down from $5.00 – so the new price range is $4.00 to $6.00 – and the company kept the number of shares at 1.8 million shares – to raise $9.0 million, if priced at the $5.00 mid-point of its range.)

(Note: NetClass Technology, Inc. filed its F-1 for a new IPO – 1.8 million shares at a price range of $5.00 to $6.00 to raise $9.9 million – on March 25, 2024. The company also simultaneously withdrew its 2023 IPO plans in a separate SEC filing dated March 25, 2024. The prospectus for the now-withdrawn 2023 IPO showed that NetClass Technology had planned to offer 3.8 million shares at a price range of $4.00 to $5.00 to raise $17.0 million.)

 

Industry: Educational Software & Services
Employees: 41
Founded: 2003
Contact Information
Address 6F, Building A 1188 Wan Rong Road Shanghai, People’s Republic of China 200436
Phone Number +86-021-61806588
Web Address http://www.netclass.cn/
View Prospectus: NetClass Technology (2024 New Filing)
Financial Information
Market Cap $77.8mil
Revenues $11.59 mil (last 12 months)
Net Income $-2.72 mil (last 12 months)
IPO Profile
Symbol NTCL
Exchange NASDAQ
Shares (millions): 1.8
Price range $4.00 - $6.00
Est. $ Volume $9.0 mil
Manager / Joint Managers Newbridge Securities/Revere Securities
CO-Managers
Expected To Trade: 12/4/2024
Day: Wednesday
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change