{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-016484","form_type":"8-K","ticker":"NTWK","cik":"0001039280","company_name":"NETSOL TECHNOLOGIES INC","filed_at":"2023-05-12T23:59:59+00:00","discovered_at":"2026-05-14T18:03:37.716988+00:00","generated_at":"2026-06-15T02:05:20.287119+00:00","sec_items":["2.02"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"NetSol reports Q3 FY2023 net income $2.5M vs loss; revenue $13.5M down 8.8%","bullets":["GAAP net income $2.5M ($0.23 diluted EPS) vs net loss $278K ($0.02 loss) year ago.","Revenue $13.5M, down from $14.8M; constant currency revenue $14.1M; recurring revenue $6.7M.","Non-GAAP adjusted EBITDA $3.3M ($0.29 per diluted share) vs $359K year ago.","Signed multi-million-dollar deal with Japanese equipment finance firm for NFS Ascent Retail.","Strategic cost transformation: 20-25% headcount reduction and significant total savings expected."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-016484","json":"https://secwatch.observer/filing/0001493152-23-016484.json","markdown":"https://secwatch.observer/filing/0001493152-23-016484.md","text":"https://secwatch.observer/filing/0001493152-23-016484.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1039280/000149315223016484/0001493152-23-016484-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1039280/000149315223016484/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T02:05:20.287119+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":"40166c3c0fee5cf1557b2e7004c948737811d3c3","claim":"NETSOL TECHNOLOGIES INC reported fiscal third quarter ended March 31, 2023 results: net income $2.5 million, EPS $0.23 per diluted share.","evidence_excerpt":"● Net Revenue for the Quarter was $13.5 Million; $14.1 Million on a Constant Currency Basis","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039280/000149315223016484/0001493152-23-016484-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal third quarter ended March 31, 2023"},{"label":"Net income","value":"$2.5 million"},{"label":"EPS","value":"$0.23 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"40166c3c0fee5cf1557b2e7004c948737811d3c3","claim":"NETSOL TECHNOLOGIES INC reported fiscal third quarter ended March 31, 2023 results: net income $2.5 million, EPS $0.23 per diluted share.","evidence_excerpt":"GAAP net income attributable to NETSOL for the third quarter of fiscal 2023 totaled $2.5 million or $0.23 per diluted share, compared with GAAP net loss of $(278,000) or $(0.02) per diluted share in the third quarter of fiscal 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039280/000149315223016484/0001493152-23-016484-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal third quarter ended March 31, 2023"},{"label":"Net income","value":"$2.5 million"},{"label":"EPS","value":"$0.23 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"}