Company: NTWK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010127
Chunk: 2

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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Condensed
Consolidated Statements of Operations

(Unaudited)

    2025  
    2024  
    2025  
    2024 

    For the Three Months  
    For the Nine Months 

    Ended
    March 31,  
    Ended
    March 31, 

    2025  
    2024  
    2025  
    2024 
  
    Net Revenues: 

    License fees 
    $1,198  
    $558,340  
    $75,115  
    $4,829,242 
  
    Subscription and support 
     7,888,360  
     7,140,358  
     24,723,460  
     20,480,382 
  
    Services 
     9,654,399  
     7,765,818  
     22,880,541  
     19,635,014 
  
    Total net revenues 
     17,543,957  
     15,464,516  
     47,679,116  
     44,944,638 

    Cost
    of revenues 
     8,802,184  
     7,989,696  
     25,452,890  
     24,132,064 
  
    Gross profit 
     8,741,773  
     7,474,820  
     22,226,226  
     20,812,574 

    Operating expenses: 

    Selling, general and administrative 
     6,883,587  
     5,811,335  
     20,921,530  
     17,051,798 
  
    Research
    and development cost 
     304,788  
     345,582  
     998,406  
     1,065,412 
  
    Total operating expenses 
     7,188,375  
     6,156,917  
     21,919,936  
     18,117,210 

    Income (loss) from operations 
     1,553,398  
     1,317,903  
     306,290  
     2,695,364