---
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"
generated_at: "2026-06-06T03:02:02.780753+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-006008
- JSON: https://secwatch.observer/filing/0001493152-24-006008.json
- Plain text: https://secwatch.observer/filing/0001493152-24-006008.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1039280/000149315224006008/0001493152-24-006008-index.htm

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