{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-24-006008","form_type":"8-K","ticker":"NTWK","cik":"0001039280","company_name":"NETSOL TECHNOLOGIES INC","filed_at":"2024-02-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.188056+00:00","generated_at":"2026-06-06T03:02:02.780753+00:00","sec_items":["2.02"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"NetSol Q2 revenue up 23% to $15.2M; swings to GAAP net income of $0.04 EPS","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-24-006008","json":"https://secwatch.observer/filing/0001493152-24-006008.json","markdown":"https://secwatch.observer/filing/0001493152-24-006008.md","text":"https://secwatch.observer/filing/0001493152-24-006008.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1039280/000149315224006008/0001493152-24-006008-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1039280/000149315224006008/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T03:02:02.780753+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":"e20e39d954012a1b2f395d54ed8ab218897112b2","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1039280/000149315224006008/0001493152-24-006008-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal second quarter of 2024 ended December 31, 2023"},{"label":"Revenue","value":"$15.2 million"},{"label":"Net income","value":"$408,000 or $0.04 per diluted share"},{"label":"EPS","value":"$0.04 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"}