secwatch.observer — SEC 8-K summary
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Issuer:     NETSOL TECHNOLOGIES INC (NTWK)
CIK:        0001039280
Form:       8-K
Filed at:   2022-11-10T23:59:59+00:00
Accession:  0001493152-22-031261
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1039280/000149315222031261/0001493152-22-031261-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1039280/000149315222031261/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-031261

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