Ostin Technology Group Co., Ltd. / "Research and Development" | Tables in SEC filings

OST Ostin Technology Group Co., Ltd.

Annual report (foreign)

(IN U.S. DOLLARS, EXCEPT SHARES DATA)

	For the years ended September 30,
	2024		2023		2022

Sales	$	32,463,213	$	57,525,700	$	105,416,746
Cost of sales		(30,776,919)		(55,472,097)		(92,804,431)
Gross profit		1,686,294		2,053,603		12,612,315

Operating expenses:
Selling and marketing expenses		(2,046,551)		(2,385,663)		(2,793,197)
General and administrative expenses		(7,569,646)		(7,335,362)		(7,649,241)
Research and development costs		(1,700,578)		(2,783,008)		(2,515,239)
Gain from disposal of property, plant and equipment		101,177		194,526		795,783
Total operating expenses		(11,215,598)		(12,309,507)		(12,161,894)

Operating (loss) income		(9,529,304)		(10,255,904)		450,421

Other income (expenses):
Interest income (expense), net		(1,646,275)		(1,273,010)		(1,290,811)
Other income (expenses), net		1,009,340		742,272		1,279,559
Total other expenses, net		(636,935)		(530,738)		(11,252)

(Loss) Income before income taxes		(10,166,239)		(10,786,642)		439,169
Income tax expense		23,152		227,324		326,942

Net (loss) income		(10,189,391)		(11,013,966)		112,227
Net (loss) attributable to non-controlling interests		(127,780)		(65,171)		(86,751)
Net (loss) income attributable to Ostin Technology Group Co., Ltd.		(10,061,611)		(10,948,795)		198,978

Net (loss) income		(10,189,391)		(11,013,966)		112,227

Other comprehensive income (loss):
Foreign currency translation adjustment		226,505		(523,113)		(1,716,150)
Comprehensive loss		(9,962,886)		(11,537,079)		(1,603,923)
Comprehensive (loss) income attributable to non-controlling interests		7,793		(158,780)		(216,810)
Comprehensive (loss) attributable to Ostin Technology Group Co., Ltd.		(9,970,679)		(11,378,299)		(1,387,113)

Earnings per ordinary share
Basic and diluted*	$	(6.74)	$	(7.82)	$	0.17
Weighted average number of ordinary shares outstanding
Basic and diluted		1,493,758		1,400,625		1,177,320

	For the Years Ended September 30
	2023			2022
Revenue Category
Sales of display modules	$	26,564,813		$	31,890,364
Sales of polarizers		26,689,386			57,347,637
Research and development		-			2,188,100
Others		2,217,898			1,378,330
Total	$	55,472,097		$	92,804,431

Gross Margin
Sales of display modules		4.4	%		9.2	%
Sales of polarizers		3.0	%		8.6	%
Research and development		-	%		61.7	%
Others		(0.6	)%		26.6	%
Total Gross Margin		3.6	%		12.0	%

	September 30, 2023					September 30, 2022
Revenue Category	Sales Amount (In USD)		As % of Sales			Sales Amount (In USD)		As % of Sales
Sales of display modules	$	27,793,530		48	%	$	35,113,651		34	%
Sales of polarizers		27,526,662		48	%		62,709,731		59	%
Research and development		-		-	%		5,715,914		5	%
Others		2,205,508		4	%		1,877,450		2	%
Total		57,525,700		100	%		105,416,746		100	%

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