---
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"
generated_at: "2026-06-21T22:07:33.803472+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# NetSol Q1 FY2023 net loss $621K; revenue $12.7M, down YoY; constant currency rev up 15.6%

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-031261
- JSON: https://secwatch.observer/filing/0001493152-22-031261.json
- Plain text: https://secwatch.observer/filing/0001493152-22-031261.txt

## Key facts
- Earnings Releases
  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.
  - Period: the fiscal first quarter ended September 30, 2022
  - Revenue: $12.7 million
  - Net income: $(621,000)
  - EPS: $(0.06) per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1039280/000149315222031261/0001493152-22-031261-index.htm

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