Company: NTWK
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021835
Chunk: 2

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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 2025  
    2024 

    For
    the Three Months Ended September 30, 

    2025  
    2024 
  
    Net Revenues: 

    License fees 
    $72,225  
    $1,229 
  
    Subscription and support 
     8,960,555  
     8,192,471 
  
    Services 
     5,979,143  
     6,404,798 
  
    Total net revenues 
     15,011,923  
     14,598,498 

    Cost
    of revenues 
     9,099,933  
     8,034,386 
  
    Gross
    profit 
     5,911,990  
     6,564,112 

    Operating
    expenses: 

    Selling, general and administrative 
     7,536,353  
     6,964,321 
  
    Research
    and development cost 
     214,343  
     359,949 
  
    Total operating expenses 
     7,750,696  
     7,324,270 

    Income
    (loss) from operations 
     (1,838,706) 
     (760,158)

    Other
    income and (expenses) 

    Interest expense 
     (174,611) 
     (258,219)
  
    Interest income 
     280,974  
     769,867 
  
    Gain (loss) on foreign
    currency exchange transactions 
     (286,917) 
     542,545 
  
    Other
    income 
     17,670  
     153,491 
  
    Total other income (expenses) 
     (162,884) 
     1,207,684 

    Net
    income before income taxes 
     (2,001,590) 
     447,526 
  
    Income
    tax provision 
     (215,775) 
     (229,817)
  
    Net
    income 
     (2,217,365) 
     217,709 
  
    Non-controlling
    interest 
     (139,923) 
     (146,914)
  
    Net
    income attributable to NetSol