Company: NTWK
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001641172-25-010127
Chunk: 168

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 2
Chunk 168
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 percentage of revenues.

 For the Nine Months

Ended March 31,

    2025  
    %  
    2024  
    % 
  
    Net
    Revenues: 

    License
    fees 
    $75,115  
     0.2% 
    $4,829,242  
     10.7%
  
    Subscription
    and support 
     24,723,460  
     51.9% 
     20,480,382  
     45.6%
  
    Services 
     22,880,541  
     48.0% 
     19,635,014  
     43.7%
  
    Total
    net revenues 
     47,679,116  
     100.0% 
     44,944,638  
     100.0%

    Cost
    of revenues 
     25,452,890  
     53.4% 
     24,132,064  
     53.7%
  
    Gross
    profit 
     22,226,226  
     46.6% 
     20,812,574  
     46.3%
  
    Operating
    expenses: 

    Selling,
    general and administrative 
     20,921,530  
     43.9% 
     17,051,798  
     37.9%
  
    Research
    and development cost 
     998,406  
     2.1% 
     1,065,412  
     2.4%
  
    Total
    operating expenses 
     21,919,936  
     46.0% 
     18,117,210  
     40.3%

    Income
    (loss) from operations 
     306,290  
     0.6% 
     2,695,364  
     6.0%
  
    Other
    income and (expenses) 

    Interest
    expense 
     (689,347) 
     -1.4% 
     (856,016) 
     -1.9%
  
    Interest
    income 
     1,593,594  
     3.3% 
     1,259,464