Company: NTWK
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0001493152-25-006348
Chunk: 90

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 2
Chunk 90
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. 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, we apply the
current period results to the prior period foreign currency exchange rates. In the table below, we present the change based on actual
results in reported currency and in constant currency.

    Favorable  
    Favorable  
    Total 

    (Unfavorable)  
    (Unfavorable)  
    Favorable 

    For the Three Months  
    Change in  
    Change due to  
    (Unfavorable) 

    Ended December 31,  
    Constant  
    Currency  
    Change as 

    2024  
    %  
    2023  
    %  
    Currency  
    Fluctuation  
    Reported 

    Net Revenues: 
    $15,536,661  
     100.0% 
    $15,237,941  
     100.0% 
    $136,930  
    $161,790  
    $298,720 

    Cost of revenues: 
     8,616,320  
     55.5% 
     8,062,204  
     52.9% 
     (412,633) 
     (141,483) 
     (554,116)

    Gross profit 
     6,920,341  
     44.5% 
     7,175,737  
     47.1% 
     (275,703) 
     20,307  
     (255,396)

    Operating expenses: 
     7,407,291  
     47.7% 
     6,148,905  
     40.4% 
     (1,139,949) 
     (118,437) 
     (1,258,386)

    Income (loss) from operations 
    $(486,950) 
     -3.1% 
    $1,026,832  
     6.7% 
    $(1,415,652) 
    $(98,130) 
    $(1,513,782