Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 507

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 1C
Chunk 507
---
4%
  
    Non-controlling interest 
     (1,647,686) 
     -2.5% 
     (1,394,056) 
     -2.3%
  
    Net income attributable to NetSol 
    $2,923,233  
     4.4% 
    $683,873  
     1.1%

    Net income per share: 

    Net income per common share 

    Basic 
    $0.25  
        
    $0.06  

    Diluted 
    $0.25  
        
    $0.06  

    Weighted average number of shares outstanding 

    Basic 
     11,576,287  
        
     11,378,595  

    Diluted 
     11,576,287  
        
     11,421,940  

19

A
significant portion of our business is conducted in currencies other than the U.S. dollar. We operate in several geographical regions
as described in Note 17 “Segment Information and Geographic Areas” within the Notes to the Consolidated Financial Statements.
Weakening of the value of the U.S. dollar compared to foreign currency exchange rates generally has the effect of increasing our revenues
but also increasing our expenses denominated in currencies other than the U.S. dollar. Similarly, strengthening of the U.S. dollar compared
to foreign currency exchange rates generally has the effect of reducing our revenues but also reducing our expenses denominated in currencies
other than the U.S. dollar. We plan our business accordingly by deploying additional resources to areas of expansion, while continuing
to monitor our overall expenditures given the economic uncertainties of our target markets. In order to provide a framework for assessing
how our underlying businesses performed excluding the effect of foreign currency fluctuations, we compare the changes in results from
one period to another period using constant currency. In order to calculate our constant currency results, we apply the current period
results to the prior period foreign currency exchange rates. In the table below, we present the change based on actual results in reported
currency and in constant currency.

    Favorable 
    Favorable 
    Total

    (Unfavorable) 
    (Unfavorable) 
    Favorable

    For the Years 
      
    Change in 
    Change due to 
    (Unfavorable)

    Ended June 30,