Company: NTWK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010127
Chunk: 163

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 2
Chunk 163
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    $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 

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

    2025  
    2024 

    Revenue  
    %  
    Revenue  
    % 

    North America 
    $3,869,903  
     22.1% 
    $1,365,074  
     8.8%
  
    Europe 
     5,895,140  
     33.6% 
     3,045,784  
     19.7%
  
    Asia-Pacific 
     7,778,914  
     44.3% 
     11,053,658  
     71.5%
  
    Total 
    $17,543,957  
     100.0% 
    $15,464,516  
     100.0%

Revenues

License
fees

License
fees for the three months ended March 31, 2025 were $1,198 compared to $558,340 for the three months