Company: NTWK
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021835
Chunk: 50

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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,001,590) 
     -13.3% 
     447,526  
     3.1%
  
    Income tax provision 
     (215,775) 
     -1.4% 
     (229,817) 
     -1.6%
  
    Net income 
     (2,217,365) 
     -14.8% 
     217,709  
     1.5%
  
    Non-controlling interest 
     (139,923) 
     -0.9% 
     (146,914) 
     -1.0%
  
    Net income attributable to NetSol 
    $(2,357,288) 
     -15.7% 
    $70,795  
     0.5%

    Net income per share: 

    Net income per common share 

    Basic 
    $(0.20) 
        
    $0.006  

    Diluted 
    $(0.20) 
        
    $0.006  

    Weighted average number of shares outstanding 

    Basic 
     11,767,811  
        
     11,429,695  

    Diluted 
     11,767,811  
        
     11,482,754  

Page 34

A
significant portion of our business is conducted in currencies other than the U.S. dollar. We operate in several geographical regions
as described in Note 15 “Operating Segments” within the Notes to the Condensed Consolidated Financial Statements. Weakening
of the value of the U.S. dollar compared to foreign currency exchange rates generally has the effect of increasing our revenues but also
increasing our expenses denominated in currencies other than the U.S. dollar. Similarly, strengthening of the U.S. dollar compared to
foreign currency exchange rates generally has the effect of reducing our revenues but also reducing our expenses denominated in currencies
other than the U.S. dollar. We plan our business accordingly by deploying additional resources to areas of expansion, while continuing
to monitor our overall expenditures given the economic uncertainties of our target markets. In order to provide 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,