NetSol Q4 revenue up 13% to $15.4M; EPS $0.17; guides FY22 rev growth of at least 10%

NETSOL TECHNOLOGIES INC

Q4 total net revenues $15.4M, +13% YoY; GAAP net income $1.9M ($0.17 diluted) vs $1.2M ($0.10).
Subscription and support revenue reached $22.2M annual run rate; guides FY22 at least 20% growth.
Introduced FY2022 guidance: total revenue growth of at least 10%, subscription/support growth at least 20%.
Otoz launched digital retail platform for BMW/MINI; first U.S. NFS Ascent sale signed.
Non-GAAP adjusted EBITDA $2.9M ($0.26) vs $2.0M ($0.17) in Q4 last year.

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