See more : Workhorse Group Inc. (WKHS) Income Statement Analysis – Financial Results
Complete financial analysis of NetSol Technologies, Inc. (NTWK) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of NetSol Technologies, Inc., a leading company in the Software – Application industry within the Technology sector.
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NetSol Technologies, Inc. (NTWK)
About NetSol Technologies, Inc.
NetSol Technologies, Inc. designs, develops, markets, and exports software products to the automobile financing and leasing, banking, and financial services industries worldwide. The company offers NFS Ascent, a suite of financial applications for businesses in the finance and leasing industry. Its NFS Ascent constituent applications include Omni Point of Sale, a web-based application; Contract Management System (CMS), an application for managing and maintaining credit contracts; Wholesale Finance System (WFS), a system for automating and managing the lifecycle of wholesale finance; Dealer Auditor Access System, a web-based solution that could be used in conjunction with WFS or any third-party wholesale finance system; NFS Ascent On The Cloud, a cloud-version of NFS Ascent; and NFS Digital solutions covering Self Point of Sale, Mobile Account, Mobile Point of Sale, Mobile Dealer, Mobile Auditor, Mobile Collector, and Mobile Field Investigator. The company also provides Otoz Digital Auto-Retail, a white-labelled SaaS platform; Otoz Ecosystem, an API-based architecture; and Otoz Platform, a white label platform, which includes Dealer Tool and Customer App portals. In addition, it offers system integration, consulting, and IT products and services. It serves blue chip organizations, Dow-Jones 30 Industrials, Fortune 500 manufacturers and financial institutions, vehicle manufacturers, and enterprise technology providers. The company was incorporated in 1997 and is headquartered in Calabasas, California.
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 61.39M | 52.39M | 57.25M | 54.92M | 56.37M | 67.82M | 60.93M | 65.37M | 64.55M | 51.05M | 36.38M | 50.80M | 39.78M | 36.55M | 36.78M | 26.45M | 36.64M | 29.28M | 18.69M | 12.44M | 5.75M | 3.75M | 3.58M | 6.73M | 6.98M | 3.00M | 168.84K |
| Cost of Revenue | 32.11M | 35.48M | 33.51M | 28.57M | 29.41M | 33.37M | 31.72M | 36.96M | 33.75M | 33.02M | 27.72M | 22.95M | 18.28M | 14.80M | 13.87M | 17.20M | 15.72M | 13.66M | 9.02M | 4.75M | 2.66M | 1.78M | 2.96M | 4.13M | 2.17M | 1.30M | 133.86K |
| Gross Profit | 29.28M | 16.92M | 23.74M | 26.35M | 26.96M | 34.45M | 29.21M | 28.41M | 30.80M | 18.03M | 8.66M | 27.84M | 21.50M | 21.74M | 22.91M | 9.25M | 20.92M | 15.62M | 9.67M | 7.68M | 3.09M | 1.97M | 616.43K | 2.60M | 4.81M | 1.70M | 34.98K |
| Gross Profit Ratio | 47.70% | 32.29% | 41.46% | 47.98% | 47.83% | 50.79% | 47.93% | 43.46% | 47.72% | 35.31% | 23.81% | 54.81% | 54.05% | 59.49% | 62.30% | 34.97% | 57.09% | 53.35% | 51.74% | 61.77% | 53.79% | 52.50% | 17.23% | 38.60% | 68.86% | 56.67% | 20.72% |
| Research & Development | 1.40M | 1.60M | 1.34M | 674.17K | 1.47M | 1.97M | 854.00K | 393.35K | 485.78K | 314.89K | 249.71K | 207.90K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 15.39M | 15.44M | 17.14M | 16.92M | 16.25M | 16.75M | 14.97M | 14.78M | 15.05M | 10.65M | 8.87M | 7.07M | 8.91M | 8.25M | 11.77M | 10.99M | 7.64M | 5.05M | 4.31M | 2.65M | 4.28M | 9.14M | 7.29M | 2.80M | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 7.22M | 6.56M | 6.45M | 7.83M | 7.62M | 9.75M | 7.82M | 6.09M | 4.57M | 3.56M | 3.13M | 3.02M | 2.22M | 3.12M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 76.14K | 168.84K | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 24.39M | 24.09M | 22.61M | 21.99M | 23.59M | 24.75M | 23.87M | 26.49M | 22.79M | 20.87M | 19.62M | 14.21M | 12.00M | 10.08M | 11.13M | 11.37M | 11.77M | 10.99M | 7.64M | 5.05M | 4.31M | 2.65M | 4.28M | 9.14M | 7.29M | 2.80M | 0.00 |
| Other Expenses | 0.00 | -605.57K | 863.18K | 965.63K | 834.58K | 897.80K | 42.85K | 50.38K | 224.93K | 684.03K | 50.58K | 147.15K | 1.24M | 1.55M | 2.05M | 4.37M | 1.94M | 1.99M | 2.29M | 1.56M | 1.71M | 1.58M | -10.06M | 8.94M | 1.41M | 400.00K | 620.45K |
| Operating Expenses | 25.79M | 25.70M | 24.82M | 23.63M | 25.89M | 27.62M | 26.15M | 29.41M | 24.50M | 23.19M | 21.75M | 15.76M | 13.24M | 11.63M | 13.19M | 15.73M | 13.71M | 12.98M | 9.93M | 6.62M | 6.03M | 4.23M | -5.78M | 18.08M | 8.70M | 3.20M | 620.45K |
| Cost & Expenses | 57.90M | 61.17M | 58.33M | 52.20M | 55.30M | 60.99M | 57.88M | 66.37M | 58.25M | 56.21M | 49.47M | 38.71M | 31.52M | 26.44M | 27.05M | 32.93M | 29.43M | 26.64M | 18.95M | 11.37M | 8.68M | 6.01M | -2.82M | 22.21M | 10.88M | 4.50M | 754.31K |
| Interest Income | 1.91M | 1.22M | 1.66M | 1.02M | 1.57M | 955.06K | 592.15K | 179.72K | 161.79K | 331.43K | 261.25K | 185.34K | 82.04K | 154.86K | 261.30K | 291.03K | 195.10K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 1.14M | 765.03K | 369.80K | 394.29K | 346.86K | 311.80K | 422.33K | 310.04K | 264.51K | 166.96K | 255.68K | 664.03K | 823.68K | 863.71K | 1.48M | 1.29M | 626.71K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 1.72M | 3.24M | 3.81M | 3.96M | 3.73M | 4.42M | 5.57M | 6.56M | 7.15M | 10.34M | 8.73M | 5.70M | 4.64M | 4.29M | 3.91M | 4.19M | 3.34M | 5.46M | 3.12M | 1.98M | 2.07M | 1.58M | 2.12M | 1.51M | 1.41M | 400.00K | 1.81K |
| EBITDA | 6.09M | 791.66K | 2.73M | 6.68M | 4.80M | 11.25M | 8.63M | 6.07M | 13.45M | 5.68M | -4.77M | 19.56M | 12.17M | 14.98M | 11.73M | -616.99K | 14.12M | 8.10M | 2.86M | 3.04M | -729.00K | -688.60K | -3.66M | -13.97M | -1.76M | -1.46M | -583.67K |
| EBITDA Ratio | 9.92% | -11.37% | 3.75% | 15.35% | 10.63% | 16.79% | 14.77% | 8.86% | 21.44% | 12.13% | -12.62% | 35.37% | 31.88% | 39.22% | 36.99% | -7.58% | 19.57% | 35.69% | 14.62% | 24.99% | -12.68% | -12.65% | 244.00% | -98.33% | -39.01% | -40.00% | -345.70% |
| Operating Income | 3.49M | -8.78M | -1.66M | 4.47M | 2.26M | 6.83M | 3.05M | -1.00M | 6.30M | -5.17M | -13.09M | 11.67M | 7.26M | 10.16M | 9.73M | -6.48M | 7.21M | 2.65M | -259.35K | 1.06M | -2.94M | -2.27M | 6.40M | -15.48M | -3.89M | -1.50M | -585.48K |
| Operating Income Ratio | 5.69% | -16.76% | -2.90% | 8.14% | 4.01% | 10.07% | 5.01% | -1.53% | 9.76% | -10.12% | -35.98% | 22.97% | 18.26% | 27.81% | 26.45% | -24.51% | 19.67% | 9.04% | -1.39% | 8.56% | -51.06% | -60.49% | 178.74% | -230.12% | -55.73% | -50.00% | -346.78% |
| Total Other Income/Expenses | -270.11K | 5.56M | 3.17M | 567.40K | 1.26M | 6.25M | 4.97M | 196.73K | -592.01K | 330.13K | -668.36K | 886.38K | -559.93K | -341.31K | -3.39M | 343.40K | 2.94M | -7.36M | -33.57K | -279.89K | -363.02K | 127.99K | -6.40M | 70.91K | -43.51K | 431.24K | 0.00 |
| Income Before Tax | 3.22M | -3.22M | 2.09M | 3.29M | 2.33M | 13.08M | 8.02M | -804.49K | 5.71M | -4.84M | -13.76M | 12.55M | 6.70M | 9.82M | 6.34M | -6.14M | 7.34M | -4.72M | -1.25M | 673.74K | -3.07M | -2.14M | -6.00M | -15.41M | -3.65M | -1.40M | 0.00 |
| Income Before Tax Ratio | 5.25% | -6.14% | 3.65% | 5.99% | 4.14% | 19.28% | 13.17% | -1.23% | 8.85% | -9.47% | -37.81% | 24.71% | 16.86% | 26.88% | 17.24% | -23.21% | 20.04% | -16.11% | -6.67% | 5.42% | -53.42% | -57.07% | -167.65% | -229.07% | -52.27% | -46.67% | 0.00% |
| Income Tax Expense | 1.15M | 926.56K | 988.94K | 1.03M | 1.14M | 1.06M | 873.03K | 931.95K | 652.55K | 413.50K | 338.28K | 465.43K | 55.38K | 120.54K | 53.94K | 91.13K | 121.98K | 160.31K | 106.02K | 10.42K | 34.61K | -127.99K | 12.39M | -2.85M | -250.00K | 100.00K | 0.00 |
| Net Income | 683.87K | -5.24M | 1.10M | 1.78M | 937.08K | 12.02M | 4.31M | -4.98M | 3.40M | -5.55M | -11.36M | 7.86M | 2.45M | 5.73M | 1.39M | -8.05M | 7.22M | -4.88M | -1.35M | 663.33K | -2.97M | -2.14M | -6.00M | -14.05M | -3.40M | -1.60M | -585.48K |
| Net Income Ratio | 1.11% | -10.01% | 1.92% | 3.24% | 1.66% | 17.72% | 7.07% | -7.62% | 5.27% | -10.87% | -31.21% | 15.48% | 6.15% | 15.67% | 3.79% | -30.43% | 19.71% | -16.66% | -7.24% | 5.33% | -51.66% | -57.07% | -167.65% | -208.86% | -48.69% | -53.33% | -346.78% |
| EPS | 0.06 | -0.46 | 0.10 | 0.15 | 0.08 | 1.04 | 0.38 | -0.46 | 0.33 | -0.57 | -1.25 | 0.96 | 0.39 | 1.18 | 0.40 | -2.99 | 2.00 | -2.68 | -0.93 | 0.60 | -3.77 | -4.74 | -19.96 | -62.57 | -17.59 | -18.56 | -16.50 |
| EPS Diluted | 0.06 | -0.46 | 0.10 | 0.15 | 0.08 | 1.03 | 0.38 | -0.46 | 0.32 | -0.57 | -1.25 | 0.96 | 0.39 | 1.16 | 0.40 | -2.98 | 1.90 | -2.68 | -0.93 | 0.40 | -3.77 | -4.74 | -19.96 | -62.57 | -17.59 | -18.56 | -12.78 |
| Weighted Avg Shares Out | 11.38M | 11.28M | 11.25M | 11.50M | 11.73M | 11.60M | 11.20M | 10.82M | 10.39M | 9.73M | 9.06M | 8.20M | 6.22M | 4.85M | 3.45M | 2.69M | 2.41M | 1.82M | 1.46M | 1.16M | 788.16K | 451.22K | 300.60K | 224.53K | 193.32K | 86.18K | 35.48K |
| Weighted Avg Shares Out (Dil) | 11.42M | 11.28M | 11.25M | 11.50M | 11.78M | 11.62M | 11.20M | 10.91M | 10.58M | 9.73M | 9.06M | 8.29M | 6.24M | 4.96M | 3.78M | 2.70M | 2.60M | 1.82M | 1.46M | 1.48M | 788.16K | 451.22K | 300.60K | 224.53K | 193.32K | 86.18K | 45.82K |
NETSOL China President Receives Two Awards Recognizing Excellence in Finance and Leasing
ENCINO, Calif., Dec. 05, 2024 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK), a global business services and asset finance solutions provider, today announced that Amanda Li Linjie, President of NETSOL China, has received two prestigious awards recognizing outstanding performance...
Zacks Initiates Coverage of NetSol With Outperform Recommendation
Discover why Zacks, being the first on Wall Street to initiate the stock coverage, rates NTWK as "Outperform." Explore NetSol's growth potential with major global contracts and innovative tech, positioning it for success in asset finance and leasing solutions.
NETSOL to Participate in the iAccess Alpha Virtual Best Ideas Winter Conference 2024
ENCINO, Calif., Nov. 22, 2024 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK ), a global business services and asset finance solutions provider, today announced that management will be participating in the iAccess Alpha Virtual Best Ideas Winter Conference 2024...
NetSol Reports Y/Y Revenue Growth in Q1 but Faces Earnings Challenges
NTWK posts 3% revenue growth in first-quarter fiscal 2025, driven by a 26% rise in recurring revenues. Operating losses widen as expenses climb.
NetSol Technologies, Inc. (NTWK) Q1 2025 Earnings Call Transcript
NetSol Technologies, Inc. (NASDAQ:NTWK ) Q1 2025 Earnings Conference Call November 13, 2024 9:00 AM ET Company Participants Patti McGlasson - SVP, Legal & Corporate Affairs, Corporate Secretary & General Counsel Naeem Ghauri - Co-Founder, President & CEO, Innovation &...
NETSOL Technologies Sets Fiscal First Quarter 2025 Conference Call for Wednesday, November 13 at 9:00 am ET
ENCINO, Calif., Nov. 06, 2024 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK), a global business services and enterprise application solutions provider, will hold a conference call on Wednesday, November 13, 2024, at 9:00 a.m. Eastern Time (6:00 a.m. Pacific...
NETSOL Technologies Inc. to Present at The ThinkEquity Conference
ENCINO, Calif., Oct. 11, 2024 (GLOBE NEWSWIRE) -- NETSOL Technologies , Inc. (Nasdaq: NTWK), the global leader in delivering state-of-the-art solutions for the asset finance and leasing industry, announced today that Najeeb Ghauri, Co-Founder, Chairman, and Chief Executive Officer, and...
NETSOL Unveils the Transcend Platform to Provide Customers with a Unified Digital Retail and Asset Finance Solution
New AI-powered platform to transform the auto and equipment buying, leasing and financing experience New AI-powered platform to transform the auto and equipment buying, leasing and financing experience
NETSOL Announces New Strategic Partner Hiltermann as Part of Ongoing European Expansion
Netherlands-based lender enhances NETSOL's presence in key geographic market Netherlands-based lender enhances NETSOL's presence in key geographic market
NETSOL Technologies Reports 19% Revenue Growth in Fiscal Fourth Quarter of 2024 and Exceeds Full Fiscal Year 2024 Revenue Target
ENCINO, Calif., Sept. 30, 2024 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK ), a global business services and asset finance solutions provider, reported results for the fourth quarter and full fiscal 2024 ended June 30, 2024.
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