Company: NTWK
Filing Date: 2025-02-13
Form Type: 10-Q
Source: 0001493152-25-006348
Chunk: 55

Company: NETSOL TECHNOLOGIES INC
Filing Date: 2025-02-13
Form: 10-Q
Item: Part I, Item 1
Chunk 55
---
,453 
  
    Subscription and support 
     8,642,629  
     55.6% 
     6,827,781 
  
    Services 
     6,821,344  
     43.9% 
     5,419,707 
  
    Total net revenues 
     15,536,661  
     100.0% 
     15,237,941 

    Cost of revenues 
     8,616,320  
     55.5% 
     8,062,204 
  
    Gross profit 
     6,920,341  
     44.5% 
     7,175,737 
  
    Operating expenses: 

    Selling, general and administrative 
     7,073,622  
     45.5% 
     5,807,494 
  
    Research and development cost 
     333,669  
     2.1% 
     341,411 
  
    Total operating expenses 
     7,407,291  
     47.7% 
     6,148,905 

    Income (loss) from operations 
     (486,950) 
     -3.1% 
     1,026,832 
  
    Other income and (expenses) 

    Interest expense 
     (236,386) 
     -1.5% 
     (290,322)
  
    Interest income 
     529,072  
     3.4% 
     468,280 
  
    Gain (loss) on foreign currency exchange transactions 
     (698,392) 
     -4.5% 
     (14,617)
  
    Other income 
     38,064  
     0.2% 
     (57,305)
  
    Total other income (expenses) 
     (367,642) 
     -2.4% 
     106,036 

    Net income before  income taxes 
     (854,592) 
     -5.5% 
     1,132,868 
  
    Income tax provision 
     (331,614) 
     -2.1% 
     (150,053)
  
    Net income 
     (1,186,206)