{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-22-031261","form_type":"8-K","ticker":"NTWK","cik":"0001039280","company_name":"NETSOL TECHNOLOGIES INC","filed_at":"2022-11-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.355078+00:00","generated_at":"2026-06-21T22:07:33.803472+00:00","sec_items":["2.02"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"NetSol Q1 FY2023 net loss $621K; revenue $12.7M, down YoY; constant currency rev up 15.6%","bullets":["GAAP net loss of $(621K) or $(0.06) per diluted share vs net income of $188K ($0.02) in Q1 FY2022.","Revenue $12.7M (down 5% YoY); constant currency revenue $15.5M, up 15.6%.","Non-GAAP adjusted EBITDA ($27K) vs $770K in prior year; GAAP net loss includes $1.3M FX gain.","Subscription & support revenue $6.0M (CC $7.3M) vs $6.2M; signed Otoz contract with tier-1 U.S. auto company.","Pipeline >$200M; AWS partnership; launched Flex; opened Tianjin office; renegotiated contract for +$220K/yr."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-22-031261","json":"https://secwatch.observer/filing/0001493152-22-031261.json","markdown":"https://secwatch.observer/filing/0001493152-22-031261.md","text":"https://secwatch.observer/filing/0001493152-22-031261.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1039280/000149315222031261/0001493152-22-031261-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1039280/000149315222031261/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T22:07:33.803472+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7b3d112d0bfa84f7498a2544a71ecf4184d1c91a","claim":"NETSOL TECHNOLOGIES INC reported the fiscal first quarter ended September 30, 2022 results: revenue $12.7 million, net income $(621,000), EPS $(0.06) per diluted share.","evidence_excerpt":"Total net revenues for the first quarter of fiscal 2023 were $12.7 million, compared with $13.4 million in the prior year period. The decrease in total net revenues was primarily driven by the devaluation of the foreign currencies compared to the U.S. Dollar. On a constant currency basis, net revenues were $15.5 million. The increase in revenues on a constant currency basis was driven by an increase in license fees of $314,000, an increase in subscription and support revenues of $1.0 million, and an increase in services revenue of $753,000. ● Total license fees were $250,000, and on a constant currency basis were $325,000, compared with $10,700 in the prior year period. ● Total subscription (SaaS and Cloud) and support revenues were $6 Million, and on a constant currency basis were $7.3 million, compared with $6.2 million in the prior year period. ● Total services revenues were $6.4 million, and on a constant currency basis was $7.9 million, compared with $7.2 million in the prior year","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039280/000149315222031261/0001493152-22-031261-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal first quarter ended September 30, 2022"},{"label":"Revenue","value":"$12.7 million"},{"label":"Net income","value":"$(621,000)"},{"label":"EPS","value":"$(0.06) per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}