Company: NTWK
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0001493152-25-006348
Chunk: 98

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 2
Chunk 98
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 as 

    2024  
    %  
    2023  
    %  
    Currency  
    Fluctuation  
    Reported 

    Net Revenues: 
    $30,135,159  
     100.0% 
    $29,480,122  
     100.0% 
    $357,270  
    $297,767  
    $655,037 

    Cost of revenues: 
     16,650,706  
     55.3% 
     16,142,368  
     54.8% 
     (109,219) 
     (399,119) 
     (508,338)

    Gross profit 
     13,484,453  
     44.7% 
     13,337,754  
     45.2% 
     248,051  
     (101,352) 
     146,699 

    Operating expenses: 
     14,731,561  
     48.9% 
     11,960,293  
     40.6% 
     (2,435,341) 
     (335,927) 
     (2,771,268)

    Income (loss) from operations 
    $(1,247,108) 
     -4.1% 
    $1,377,461  
     4.7% 
    $(2,187,290) 
    $(437,279) 
    $(2,624,569)

Net revenues for the six months
ended December 31, 2024 and 2023 are broken out among the segments as follows:

    2024  
    2023 

    Revenue  
    %  
    Revenue  
    % 

    North America 
    $6,075,934  
     20.2% 
    $2,873,836  
     9.7%
  
    Europe 
     5,756,466  
     19.1% 
     5,034,390  
     17.1%
  
    Asia-Pacific 
     18,302,759  
     60.7% 
     21,571,896  
     73.2%
  
    Total 
    $