Company: NTWK
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0001493152-25-006348
Chunk: 2

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 1
Chunk 2
---
    2023  
    2024  
    2023 

    For the Three Months
Ended December 31,  
    For the Six Months
Ended December 31, 

    2024  
    2023  
    2024  
    2023 
  
    Net Revenues: 

    License fees 
    $72,688  
    $2,990,453  
    $73,917  
    $4,270,902 
  
    Subscription and support 
     8,642,629  
     6,827,781  
     16,835,100  
     13,340,024 
  
    Services 
     6,821,344  
     5,419,707  
     13,226,142  
     11,869,196 
  
    Total net revenues 
     15,536,661  
     15,237,941  
     30,135,159  
     29,480,122 

    Cost of revenues 
     8,616,320  
     8,062,204  
     16,650,706  
     16,142,368 
  
    Gross profit 
     6,920,341  
     7,175,737  
     13,484,453  
     13,337,754 

    Operating expenses: 

    Selling, general and administrative 
     7,073,622  
     5,807,494  
     14,037,943  
     11,240,463 
  
    Research and development cost 
     333,669  
     341,411  
     693,618  
     719,830 
  
    Total operating expenses 
     7,407,291  
     6,148,905  
     14,731,561  
     11,960,293 

    Income (loss) from operations 
     (486,950) 
     1,026,832  
     (1,247,108) 
     1,377,461 

    Other income and (expenses) 

    Interest expense 
     (236,386) 
     (290,322)