---
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"
generated_at: "2026-06-19T12:54:48.984773+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NetSol Q2 FY2023 revenue $12.4M, net loss $2.1M vs net income $1.4M a year ago

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-005023
- JSON: https://secwatch.observer/filing/0001493152-23-005023.json
- Plain text: https://secwatch.observer/filing/0001493152-23-005023.txt

## Key facts
- Earnings Releases
  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.
  - Period: the fiscal second quarter ended December 31, 2022
  - Revenue: $12.4 million
  - Net income: $(2.1 million)
  - EPS: $(0.19) per diluted share
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1039280/000149315223005023/0001493152-23-005023-index.htm

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