secwatch.observer — SEC 8-K summary
======================================

Issuer:     NETSOL TECHNOLOGIES INC (NTWK)
CIK:        0001039280
Form:       8-K
Filed at:   2022-02-14T23:59:59+00:00
Accession:  0001493152-22-004532
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

NetSol Q2 FY22 revenue $15.5M (+17.9% YoY); net income $1.4M vs loss $242K
--------------------------------------------------------------------------

- Total net revenues $15.5M, up 17.9% YoY; subscription & support revenue $9.4M (+64%).
- GAAP net income $1.4M ($0.13/diluted share) vs net loss $242K ($0.02) in prior year.
- Non-GAAP adjusted EBITDA $2.1M ($0.19/diluted) vs $617K ($0.05) prior year.
- Annualized recurring revenue (SaaS & Support) run rate reached $25.0M.
- Gross profit margin improved to 49.4% of net revenues from 46.0%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1039280/000149315222004532/0001493152-22-004532-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1039280/000149315222004532/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-004532

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer