Company: NTWK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010127
Chunk: 171

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 2
Chunk 171
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,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  
     72.6%
  
    Total 
    $47,679,116  
     100.0% 
    $44,944,638  
     100.0%

Revenues

License
fees

License
fees for the nine months ended March 31, 2025 were $75,115 compared to $4,829,242 for the nine months ended March 31, 2024 reflecting
a decrease of $4,754,127 with a decrease in constant currency of $4,756,850. During the nine months ended March 31, 2024, we recognized
approximately $2,800,000 related to the sale of our NFS Ascent® CMS software to a renowned U.S. auto manufacturer based in China
and we recognized approximately $1,142,000 related to the license renewal with an existing customer, and we recognized approximately
$465,000 related to the additional sale of our NFS Ascent® CMS software to a renowned German auto manufacturer based in China.

Page 45

Subscription
and support

Subscription
and support fees for the nine months ended March 31, 202