Company: NTWK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010127
Chunk: 128

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 128
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 a framework for assessing
how our underlying businesses performed excluding the effect of foreign currency fluctuations, we compare the changes in results from
one period to another period using constant currency. In order to calculate our constant currency results, we apply the current period
results to the prior period foreign currency exchange rates. In the table below, we present the change based on actual results in reported
currency and in constant currency.

    Favorable  
    Favorable  
    Total 

    (Unfavorable)  
    (Unfavorable)  
    Favorable 

    For the Three Months  
    Change in  
    Change due to  
    (Unfavorable) 

    Ended
    March 31,  
    Constant  
    Currency  
    Change as 

    2025  
    %  
    2024  
    %  
    Currency  
    Fluctuation  
    Reported 

    Net Revenues: 
    $17,543,957  
     100.0% 
    $15,464,516  
     100.0% 
    $2,097,892  
    $             (18,451) 
    $2,079,441 

    Cost of revenues: 
     8,802,184  
     50.2% 
     7,989,696  
     51.7% 
     (829,393) 
     16,905  
     (812,488)

    Gross profit 
     8,741,773  
     49.8% 
     7,474,820  
     48.3% 
     1,268,499  
     (1,546) 
     1,266,953 

    Operating expenses: 
     7,188,375  
     41.0% 
     6,156,917  
     39.8% 
     (1,038,277) 
     6,819  
     (1,031,458)

    Income (loss) from operations 
    $1,553,398  
     8.9% 
    $1,317,903  
     8.5% 
    $230,222  
    $5,273  
    $235,495