Company: NTWK
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0001493152-25-006348
Chunk: 62

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 1
Chunk 62
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 basis, compared
to the prior year. For the three months ended December 31, 2024, net loss per share was $0.10 for basic and diluted shares compared to
net income per share of $0.04 for basic and diluted shares for the three months ended December 31, 2023.

Page 42

Six Months Ended December
31, 2024 Compared to the Six Months Ended December 31, 2023

The following
table sets forth the items in our unaudited condensed consolidated statement of operations for the six months ended December 31, 2024
and 2023 as a percentage of revenues.

    For the Six Months 

    Ended December 31, 

    2024  
    %  
    2023  
    % 
  
    Net Revenues: 

    License fees 
    $73,917  
     0.2% 
    $4,270,902  
     14.5%
  
    Subscription and support 
     16,835,100  
     55.9% 
     13,340,024  
     45.3%
  
    Services 
     13,226,142  
     43.9% 
     11,869,196  
     40.3%
  
    Total net revenues 
     30,135,159  
     100.0% 
     29,480,122  
     100.0%

    Cost of revenues 
     16,650,706  
     55.3% 
     16,142,368  
     54.8%
  
    Gross profit 
     13,484,453  
     44.7% 
     13,337,754  
     45.2%
  
    Operating expenses: 

    Selling, general and administrative 
     14,037,943  
     46.6% 
     11,240,463  
     38.1%
  
    Research and development cost 
     693,618  
     2.3% 
     719,830  
     2.4%
  
    Total operating expenses 
     14,731,561  
     48.9% 
     11,960,293  
     40.6%

    Income (loss)