Company: NTWK
Filing Date: 2025-09-29
Form Type: 10-K
Source: 0001493152-25-015950
Chunk: 880

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-09-29
Form: 10-K
Item: Item 4
Chunk 880
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574,532  
     49.3% 
     29,284,870  
     47.7% 
     3,177,383  
     112,279  
     3,289,662 

    Operating expenses: 
     29,072,814  
     44.0% 
     25,791,315  
     42.0% 
     (3,452,110) 
     170,611  
     (3,281,499)

    Income (loss) from operations 
    $3,501,718  
     5.3% 
    $3,493,555  
     5.7% 
    $(274,727) 
    $282,890  
    $8,163 

Net
revenues for the years ended June 30, 2025 and 2024 by segment are as follows:

    2025 
    2024

    Revenue 
    % 
    Revenue 
    %

    North America 
    $12,003,827  
     18.2% 
    $5,933,797  
     9.7%
  
    Europe 
     14,644,000  
     22.2% 
     11,967,802  
     19.5%
  
    Asia-Pacific 
     39,440,402  
     59.7% 
     43,491,492  
     70.8%
  
    Total 
    $66,088,229  
     100.0% 
    $61,393,091  
     100.0%

Revenues

License
Fees

License
fees for the year ended June 30, 2025 were $598,633 compared to $5,449,991 for the year ended June 30, 2024 reflecting a decrease of
$4,851,358 with a change in constant currency of $4,855,917. In the fiscal year ended June 30, 2025, we recognized approximately $487,000
from a new customer in Indonesia. In the fiscal year ended June 30, 2024, we recognized approximately $2,800,000 related to the sale
of our NFS Ascent® CMS software to a renowned US auto manufacturer based in China, and we recognized