iOThree Ltd., a Cayman Islands-based holding company operating through its entity in Singapore, has reported its financial results for the fiscal year ending March 31, 2025. The company experienced a significant increase in net loss, reporting approximately $231,000 in net loss for the year, compared to a net loss of approximately $4,000 in the previous year. Total revenue for the year ended March 31, 2024, was approximately $8.6 million, representing a 14.7% increase from the previous year's $7.5 million. This rise in revenue was attributed to an increase in the number of vessels subscribing to iOThree's solutions, with the total number of vessels served rising from 339 to 411. Notable contributions to revenue growth came from customers in the United States, Indonesia, and Taiwan. The company did not report any specific trends, uncertainties, or events expected to materially affect future operations, revenues, or financial conditions beyond what was disclosed in the annual report.
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