Company: NTWK
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0001493152-25-006348
Chunk: 95

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 2
Chunk 95
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 the net loss attributable to non-controlling interest was $39,164, compared to net income of $574,499
for the three months ended December 31, 2023. The decrease in non-controlling interest is primarily due to the increase in net loss of
NetSol PK and NetSol Innovation.

Net
income (loss) attributable to NetSol

The net
loss was $1,147,042 for the three months ended December 31, 2024 compared to net income of $408,316 for the three months ended December
31, 2023. This is an increase in loss of $1,555,358 with an increase of net loss of $1,520,406 on a constant currency basis, compared
to the prior year. For the three months ended December 31, 2024, net loss per share was $0.10 for basic and diluted shares compared to
net income per share of $0.04 for basic and diluted shares for the three months ended December 31, 2023.

Page 42

Six Months Ended December
31, 2024 Compared to the Six Months Ended December 31, 2023

The following
table sets forth the items in our unaudited condensed consolidated statement of operations for the six months ended December 31, 2024
and 2023 as a percentage of revenues.

    For the Six Months 

    Ended December 31, 

    2024  
    %  
    2023  
    % 
  
    Net Revenues: 

    License fees 
    $73,917  
     0.2% 
    $4,270,902  
     14.5%
  
    Subscription and support 
     16,835,100  
     55.9% 
     13,340,024  
     45.3%
  
    Services 
     13,226,142  
     43.9% 
     11,869,196  
     40.3%
  
    Total net revenues 
     30,135,159  
     100.0% 
     29,480,122  
     100.0%

    Cost of revenues 
     16,650,706  
     55.3% 
     16,142,368  
     54.8%
  
    Gross profit