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NetClass Technology Inc

NTCL NASDAQ Categories PDF
Technology · Software - Application
Shanghai, 200436, China IPO 2024 netclass.cn Updated Jun 27, 1:01am
Price
$0.13
Market Cap
$2.6M
Employees
37
Beta
-1.94
Avg Volume
5,843,798
CEO
Jianbiao Dai
Business Description

NetClass Technology Inc, operating through its subsidiaries, provides an online platform for professional education and accompanying courseware. Its services span the People's Republic of China, Hong Kong, Singapore, and the Cayman Islands. The company's extensive range of solution modules includes tools for managing teaching and campus administration, online instruction, digital examinations, and epidemic prevention and control. It also offers sophisticated data storage and computing systems, an EDC blockchain system, and services for evaluating lecturer performance. Beyond its core educational platform, NetClass Technology Inc delivers intelligent information technology (IT) solutions tailored for a broad clientele. This includes schools, training organizations, corporate entities, public agencies, and other institutional clients. The company also offers software-as-a-service (SaaS) subscriptions and custom application development. Furthermore, NetClass provides its proprietary mobile learning platforms, AI-assisted online education systems, and comprehensive IT consulting and data analysis solutions. Incorporated in 2022, NetClass Technology Inc is headquartered in Shanghai, People's Republic of China, and operates as a subsidiary of Dragonsoft Holding Limited.

Business History
Price Overview
Last updated: Jun 27, 2026 8:01am (just now)
$0.13
-0.02 (-14.77%)
Day Range
$0.13 – $0.15
52-Week Range
$0.13 – $3.10
50-Day MA
$0.64
200-Day MA
$0.75
Volume
2,506,223.00
Share Structure
Outstanding 19,992,031.00
Float 11,794,018.00
Free Float 59.0%
Normal free float — 59.0% of shares trade freely, ~41% held by insiders/institutions
Healthy float typical of established companies. Good liquidity for entering and exiting positions without major price impact.
Price History (1 Year)
Last updated: Jun 27, 2026 1:01am (7h ago)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Last updated: Jun 24, 2026 7:08pm (2d ago)
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALC
Stock Price / EPS (Diluted)
-0.21
Stock Price: $0.13
EPS (Diluted): -0.64
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
4.27
Stock Price: $0.13
Total Equity: $5.78M
Shares: 16,927,527
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
-0.39
Market Cap: $2.64M
Total Debt: $2.01M
Cash: $1.76M
EBITDA: -$9.11M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$25.7M
Market Cap: $2.64M
Total Debt: $2.01M
Cash: $1.76M
P/S Ratio (Price per dollar of revenue)
API
Stock Price / Revenue Per Share
2.52
Stock Price: $0.13
Revenue: $9.81M
Shares: 16,927,527
EV/Sales (Total value vs revenue — works when P/E can't)
API
2.62
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
22.8%
Gross Profit: $2.24M
Revenue: $9.81M
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
-111.5%
Operating Income: -$10.93M
Revenue: $9.81M
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
-110.4%
Net Income: -$10.82M
Revenue: $9.81M
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
-174.9%
Net Income: -$10.82M
Total Equity: $5.78M
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
-124.8%
Operating Income: -$10.93M
Tax Rate: 0.8%
Equity: $5.78M
Total Debt: $2.01M
Cash: $1.76M
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
1.29
Current Assets: $8.86M
Current Liabilities: $6.85M
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
0.35
Short-Term Debt: $1.59M
Long-Term Debt: $421,408
Total Debt: $2.01M
Total Equity: $5.78M
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$0.58
Revenue: $9.81M
Shares: 16,927,527
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$0.34
Total Equity: $5.78M
Shares: 16,927,527
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$-0.47
Operating CF: -$5.72M
CapEx: -$2.31M
Shares: 16,927,527
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $0.13
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$10.82M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares NTCL against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 24, 2026 7:08pm (2d ago)
Metric 2021 2022 2023 2024 2025
Revenue $11.6M $9.3M $11.1M $10.1M $9.8M
Cost of Revenue $7.6M $6.2M $8.7M $7.8M $7.6M
Gross Profit $4.0M $3.0M $2.4M $2.3M $2.2M
Operating Expenses $2.8M $3.0M $2.0M $3.6M $13.2M
Operating Income $1.2M $48,370 $386,703 -$1.3M -$10.9M
Net Income $1.1M $132,687 $162,229 -$1.5M -$10.8M
EBITDA $1.3M $166,934 $482,834 -$1.3M -$9.1M
EPS $0.07 $0.01 $0.01 $-0.09 $-0.64
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Last updated: Jun 24, 2026 7:08pm (2d ago)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $1.0M $208,206 $524,601 $410,716 $1.8M
Total Current Assets $3.8M $4.0M $6.3M $7.1M $8.9M
Total Assets $4.2M $4.4M $6.5M $7.2M $13.8M
Current Liabilities $1.7M $1.9M $2.1M $4.2M $6.9M
Long-Term Debt $0 $0 $0 $0 $421,408
Total Liabilities $1.7M $1.9M $2.1M $4.2M $7.8M
Total Equity $2.5M $2.4M $4.4M $3.0M $5.8M
Retained Earnings $-424,277 $-291,590 $-129,361 -$1.7M -$12.5M
Cash Flow (Annual)
Last updated: Jun 24, 2026 7:08pm (2d ago)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow $745,803 $-571,449 $391,876 $-135,655 -$5.7M
Capital Expenditure $-3,482 $0 $0 $0 -$2.3M
Free Cash Flow $742,321 $-571,449 $391,876 $-135,655 -$8.0M
Acquisitions (net) $0 $0 $0 $0 $17,328
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks $0 $0 $0 $0 $0
Net Change in Cash $735,476 $-740,231 $222,896 $-109,321 $1.3M
Growth Trends (YoY %)
Last updated: Jun 24, 2026 7:08pm (2d ago)
Metric 2022 2023 2024 2025
Revenue Growth -19.9% +19.8% -8.9% -2.9%
Gross Profit Growth -23.5% -22.4% -1.9% -3.2%
Operating Income Growth -96.0% +699.5% -433.3% -748.4%
Net Income Growth -87.6% +22.3% -1,010.9% -632.5%
EBITDA Growth -87.5% +189.2% -364.7% -613.1%
Narrative Economics
The story the market is telling about this stock — the intangible X-factor (founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for NTCL — it's generated by the pipeline (market-narrative step).
Community AI Feedback
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My Notes personal — only you see this
Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30