Company: NTWK
Filing Date: 2025-04-16
Form Type: PRE 14A
Source: 0001641172-25-005001
Chunk: 10

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-04-16
Form: PRE 14A
Chunk 10
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, including those factors discussed or referenced in our most recent annual report on
Form 10-K filed with the SEC, under the heading “Risk Factors,” a copy of which is being made available with this Proxy Statement
and subsequent quarterly reports on Form 10-Q. Website references and hyperlinks throughout this document are provided for convenience
only and the content on the referenced websites is not incorporated by reference into this Proxy Statement, nor does it constitute a part
of this Proxy Statement.

BUSINESS OVERVIEW - 2024 HIGHLIGHTS

We reported strong revenue growth and profitability for the full fiscal year 2024. We exceeded our full-year revenue target driven estimates and achieved profitability for the full fiscal year ending 2024. Our performance in fiscal 2024 underscores the successful execution of our long-term strategy, our commitment to investing in the growth of our business and the ongoing development of innovative products and solutions that meet the diverse needs of our expanding customer base.

We reached several milestones during the fiscal year as we exceeded our
full-year revenue target driven by strong demand for our comprehensive suite of products, met our annual recurring revenue target and
achieved full-year profitability. In addition to our sales growth, we continued to invest in the growth of our business throughout the fiscal year. We increased our investments in sales and marketing in support of our long-term goals and are intently focused on the development of new products and services that expand our total addressable market. Moreover, we remain committed to the innovation and integration of cutting-edge AI solutions into our business processes and our products and offerings – all now under our AI-powered Transcend Platform. During the year, we made significant investments in our AI capabilities by adding top talent to our already impressive team.

As a global
technology solutions provider to the asset finance and leasing industry, our presence across key markets is a major focus. We performed well in our established markets during the fiscal year, signing a healthy mix of both new agreements and extensions with existing customers that include tier-one automakers, banks and financial services providers throughout the Americas, Asia Pacific and Europe.

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Major highlights for the fiscal year ended June 30, 2024 (to date) including new contract signings, implementations, subscriptions and new product/service offerings can be read below:

| § | For the fiscal first quarter of 2024, the Company reported that net revenue for the quarter grew 12% to $14.2 million. Gross margins 
 increased to 43% and the Company reported net profit.