{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-039689","form_type":"8-K","ticker":"NTWK","cik":"0001039280","company_name":"NETSOL TECHNOLOGIES INC","filed_at":"2023-11-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.983705+00:00","generated_at":"2026-06-08T13:00:06.743178+00:00","sec_items":["2.02"],"event_type":"earnings","sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"NetSol reports Q1 FY2024 revenue up 12% to $14.2M; net profit of $31K vs loss year ago","bullets":["Net revenue $14.2M (+12% YoY); gross margin improved to 43% from 33%.","GAAP net income $31K ($0.003/share) vs net loss of $621K ($0.06 loss) in Q1 FY2023.","License fees surged to $1.3M from $250K; SaaS/Cloud and support revenue rose to $6.5M.","Non-GAAP adjusted EBITDA was $466K ($0.04/diluted share) vs loss of $28K prior year.","Services revenue flat at $6.4M; FX loss of $134K included in net income."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-039689","json":"https://secwatch.observer/filing/0001493152-23-039689.json","markdown":"https://secwatch.observer/filing/0001493152-23-039689.md","text":"https://secwatch.observer/filing/0001493152-23-039689.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1039280/000149315223039689/0001493152-23-039689-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1039280/000149315223039689/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T13:00:06.743178+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":"7e32dcbb921e5fef6b36563b9bdd83232f59220a","claim":"NETSOL TECHNOLOGIES INC reported fiscal first quarter ended September 30, 2023 results: revenue $14.2 million, net income $31,000 or $0.003 per diluted share, EPS $0.003 per diluted share.","evidence_excerpt":"NETSOL Technologies Reports Fiscal First Quarter 2024 Results ● Net Revenue for the Quarter Grew 12% to $14.2 Million ● SaaS and Annual recurring Revenues Continue to Grow Year Over Year ● Gross Margins Increased to 43% and Company Reports Net Profit","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039280/000149315223039689/0001493152-23-039689-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal first quarter ended September 30, 2023"},{"label":"Revenue","value":"$14.2 million"},{"label":"Net income","value":"$31,000 or $0.003 per diluted share"},{"label":"EPS","value":"$0.003 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"}