---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-033474"
form_type: "8-K"
ticker: "NTWK"
cik: "0001039280"
company_name: "NETSOL TECHNOLOGIES INC"
filed_at: "2023-09-22T23:59:59+00:00"
generated_at: "2026-06-10T09:28:37.304309+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# NETSOL reports Q4 FY2023 net loss of $5.1M; guides FY2024 revenue $61-63M

## Summary
- GAAP net loss $5.1M ($0.45/diluted) vs $2.2M loss in Q4 FY2022.
- Total net revenues $13.8M flat YoY; subscription/support revenue up to $6.8M from $6.1M.
- Non-GAAP adjusted EBITDA loss $4.2M ($0.37/share) vs $1.4M loss prior year.
- FY2024 revenue guidance $61M-$63M (16-20% growth) vs FY2023 revenue of $52.4M.
- Annual recurring revenue $26M exceeded $25M target; appointed Darryll Lewis MD of Europe.

## SEC filing metadata
- accession: 0001493152-23-033474
- form_type: 8-K
- ticker: NTWK
- cik: 0001039280
- company_name: NETSOL TECHNOLOGIES INC
- filed_at: 2023-09-22T23:59:59+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/1039280/000149315223033474/0001493152-23-033474-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1039280/000149315223033474/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-033474
- JSON: https://secwatch.observer/filing/0001493152-23-033474.json
- Plain text: https://secwatch.observer/filing/0001493152-23-033474.txt

## Key facts
- Earnings Releases
  NETSOL TECHNOLOGIES INC reported the fiscal fourth quarter and year ended June 30, 2023 results: revenue $13.8 million, net income $(5.1 million) or $(0.45) per diluted share, EPS $(0.45) per diluted share. Guidance reaffirmed.
  - Period: the fiscal fourth quarter and year ended June 30, 2023
  - Revenue: $13.8 million
  - Net income: $(5.1 million) or $(0.45) per diluted share
  - EPS: $(0.45) per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: Total net revenues for the fourth quarter of fiscal 2023 were $13.8 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1039280/000149315223033474/0001493152-23-033474-index.htm

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