{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-005023","form_type":"8-K","ticker":"NTWK","cik":"0001039280","company_name":"NETSOL TECHNOLOGIES INC","filed_at":"2023-02-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.619905+00:00","generated_at":"2026-06-19T12:54:48.984773+00:00","sec_items":["2.02"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"NetSol Q2 FY2023 revenue $12.4M, net loss $2.1M vs net income $1.4M a year ago","bullets":["Net revenue $12.4M, down from $15.5M; constant currency revenue $14.6M.","GAAP net loss $2.1M ($0.19/diluted share) vs net income $1.4M ($0.13) prior year.","Non-GAAP adjusted EBITDA loss $1.3M ($0.12/diluted share) vs income $2.1M prior year.","Gross profit margin 25.4% vs 49.4%; cost savings initiatives target >$4M.","Sales pipeline ~$250M; cash $21M; expect fiscal 2023 annual recurring revenue ~$25M."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-005023","json":"https://secwatch.observer/filing/0001493152-23-005023.json","markdown":"https://secwatch.observer/filing/0001493152-23-005023.md","text":"https://secwatch.observer/filing/0001493152-23-005023.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1039280/000149315223005023/0001493152-23-005023-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1039280/000149315223005023/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T12:54:48.984773+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":"19e5ce16bc15393fc4a42dc8fb149f0f7846ee7b","claim":"NETSOL TECHNOLOGIES INC reported the fiscal second quarter ended December 31, 2022 results: revenue $12.4 million, net income $(2.1 million), EPS $(0.19) per diluted share.","evidence_excerpt":"Total net revenues for the second quarter of fiscal 2023 were $12.4 million, compared with $15.5 million in the prior year period. The decrease in total net revenues was primarily due to the recording of an approximately $3.5 million onetime revenue gain in the second quarter of 2022 as well as a delay in recognition of license revenues. On a constant currency basis, net revenues were $14.6 million. The decrease in revenues on a constant currency basis was driven by a decrease in license fees of $1.9 million, and a decrease in subscription and support revenue of $1.7 million, which was offset by an increase in service revenue of $2.8 million compared to the prior year period. ● Total license fees were $15,900 compared with $1.9 million in the prior year period. Total license fees on a constant currency basis were $16,200. ● Total subscription (SaaS and Cloud) and support revenues were $6.5 million compared with $9.4 million in the prior year period. Total subscription and support reven","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039280/000149315223005023/0001493152-23-005023-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal second quarter ended December 31, 2022"},{"label":"Revenue","value":"$12.4 million"},{"label":"Net income","value":"$(2.1 million)"},{"label":"EPS","value":"$(0.19) 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"}