NetSol Q2 revenue up 23% to $15.2M; swings to GAAP net income of $0.04 EPS

NETSOL TECHNOLOGIES INC

2024-Q2 EPS reported $0.04 revenue$29,480,122

Revenue $15.2M vs $12.4M YoY (+23%); license fees surged to $3.0M from $16K.
GAAP net income $408K ($0.04 diluted EPS) vs net loss of $2.1M (-$0.19) YoY.
Gross margin improved to 47% from 25%; non-GAAP adjusted EBITDA $725K ($0.06 per share) vs loss of $1.3M.
Subscription & support revenue $6.8M (+5% YoY); services revenue $5.4M (-8% YoY).
Company on track for strong double-digit organic revenue growth and profitability in FY2024.

item 2.02

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NETSOL TECHNOLOGIES INC reported fiscal second quarter of 2024 ended December 31, 2023 results: revenue $15.2 million, net income $408,000 or $0.04 per diluted share, EPS $0.04 per diluted share.

Period: fiscal second quarter of 2024 ended December 31, 2023
Revenue: $15.2 million
Net income: $408,000 or $0.04 per diluted share
EPS: $0.04 per diluted share
Result: reported results

Exact text from the filing

Total net revenues for the second quarter of fiscal 2024 increased 23% to $15.2 million, compared with $12.4 million in the prior year period.

View on SEC.gov

Browse all earnings releases →

NETSOL TECHNOLOGIES INC filing history →

Source: SEC EDGAR

accession 0001493152-24-006008

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.