Company: NTWK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010127
Chunk: 136

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 136
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 as 

    2025  
    %  
    2024  
    %  
    Currency  
    Fluctuation  
    Reported 

    Net Revenues: 
    $47,679,116  
     100.0% 
    $44,944,638  
     100.0% 
    $2,455,162  
    $           279,316  
    $2,734,478 

    Cost of revenues: 
     25,452,890  
     53.4% 
     24,132,064  
     53.7% 
     (938,612) 
     (382,214) 
     (1,320,826)

    Gross profit 
     22,226,226  
     46.6% 
     20,812,574  
     46.3% 
     1,516,550  
     (102,898) 
     1,413,652 

    Operating expenses: 
     21,919,936  
     46.0% 
     18,117,210  
     40.3% 
     (3,473,618) 
     (329,108) 
     (3,802,726)

    Income (loss) from operations 
    $306,290  
     0.6% 
    $2,695,364  
     6.0% 
    $(1,957,068) 
    $(432,006) 
    $(2,389,074)

Net
revenues for the nine months ended March 31, 2025 and 2024 are broken out among the segments as follows:

    2025  
    2024 

    Revenue  
    %  
    Revenue  
    % 

    North America 
    $9,945,837  
     20.9% 
    $4,238,910  
     9.4%
  
    Europe 
     11,651,606  
     24.4% 
     8,080,174  
     18.0%
  
    Asia-Pacific 
     26,081,673  
     54.7% 
     32,625,554