Company: NTWK
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0001493152-25-006348
Chunk: 53

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 1
Chunk 53
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tools not only streamline loan origination, but also facilitate seamless communication and collaboration with the lending ecosystem.
We empower a company’s lending process with intuitive and efficient lender portals designed for a seamless user experience.

Dealer
portals

In
the competitive automotive industry, dealers need efficient and comprehensive solutions to manage their operations effectively. NETSOL’s
intermediary portals serve as digital command centers, providing dealers with a wide array of tools, resources and services to optimize
every aspect of their business, from inventory management to sales and marketing.

Transcend™
Consultancy 

Empowering
businesses with Transcend™ Consulting Services, we offer expert guidance across critical areas like information security, data
engineering and cloud services. Our team partners with businesses to create tailored solutions that drive innovation, efficiency and
growth.

Transcend™
AI Labs 

We are
leading AI-driven innovation with our Transcend™ AI Labs, integrating advanced AI services into our product suite to solve the
unique challenges of BFSI, equipment and auto OEMs and dealerships. Our tailored solutions drive industry-specific advancements, helping
companies stay ahead in a competitive market.

Page 36

Highlights

Listed
below are a few of NETSOL’s highlights for the quarter ended December 31, 2024:

·We
                                            generated nearly $1.6 million in services revenues from modifications and enhancements for
                                            multiple customers across various regions.

·Under
                                            our Transcend Consultancy banner, we entered into an agreement with a client for the development
                                            of an application with a total contract value of $225,000.

·We
                                            entered into an agreement with a U.K. based financial services provider to provide subscription
                                            services under our Transcend Marketplace banner with an estimated contract value of $250,000.

·We
                                            continued to make significant progress in the implementation of our solution at the auto
                                            captive finance company of a notable US manufacturer in China.

Management
has identified the following material trends affecting NETSOL.

Positive
trends:

·According
                                            to S&P Global Mobility, the forecast for new vehicle sales worldwide in 2025 is 89.6
                                            million units, which is a modest 1.7% year-over-year growth in light vehicle sales.

·According
                                            to S&P Global Mobility and Edmunds, the US automotive sales of new vehicles in 2025 are
                                            expected to be around 16.2 million units, which is a