Company: NTWK
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0001493152-25-006348
Chunk: 57

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 1
Chunk 57
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) 

    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)

Net revenues for the three months
ended December 31, 2024 and 2023 are broken out among the segments as follows:

    2024  
    2023 

    Revenue  
    %  
    Revenue  
    % 

    North America 
    $3,207,273  
     20.6% 
    $1,465,221  
     9.6%
  
    Europe 
     3,261,180  
     21.0% 
     2,472,357  
     16.2%
  
    Asia-Pacific 
     9,068,208  
     58.4%