NetSol Q4 net loss $2.2M; FY22 ARR up 27.6% to $28.3M

NETSOL TECHNOLOGIES INC

Q4 net revenues $13.5M (down 12% YoY); full-year revenues $57.2M up 4.2%.
GAAP net loss $2.2M ($0.19/diluted share) vs prior-year Q4 net income $1.9M ($0.17/share).
Annual recurring revenue (SaaS+Support) grew 27.6% to $28.3M for FY 2022.
Signed $5M contract with Swedish bank for NFS Ascent; $2.2M government contract in Pakistan.
Non-GAAP adjusted EBITDA -$1.4M vs +$2.9M prior year.

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