---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-21-028089"
form_type: "8-K"
ticker: "NTWK"
cik: "0001039280"
company_name: "NETSOL TECHNOLOGIES INC"
filed_at: "2021-11-12T23:59:59+00:00"
generated_at: "2026-06-28T08:53:46.801029+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# NetSol Q1 FY2022: Revenue $13.4M, GAAP EPS $0.02; subscription revenue +20% YoY

## Summary
- Total net revenue $13.4M vs $12.6M YoY; GAAP net income $188k ($0.02/diluted share) vs $718k ($0.06).
- Subscription and support revenue $6.2M (+20% YoY); services revenue $7.2M (-4%). Gross margin fell to 40.6% from 50.5%.
- Non-GAAP adjusted EBITDA $770k vs $1.6M; management reaffirms FY2022 revenue growth ≥10% and subscription growth ≥20%.
- Otoz MINI Anywhere live with 10 dealers; targeting 100 by FY-end. First U.S. cloud NFS Ascent sale signed with Motorcycle Group.
- Progress on German automaker $110M contract; implementation started in India. NFS Ascent went live in New Zealand for Japanese OEM.

## SEC filing metadata
- accession: 0001493152-21-028089
- form_type: 8-K
- ticker: NTWK
- cik: 0001039280
- company_name: NETSOL TECHNOLOGIES INC
- filed_at: 2021-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1039280/000149315221028089/0001493152-21-028089-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1039280/000149315221028089/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-21-028089
- JSON: https://secwatch.observer/filing/0001493152-21-028089.json
- Plain text: https://secwatch.observer/filing/0001493152-21-028089.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.