NETSOL Q3 fiscal 2024: Revenue up 14% to $15.5M, GAAP EPS $0.03 vs $0.23 prior, adjusted EBITDA $0.07

NETSOL TECHNOLOGIES INC

2024-Q3 EPS reported $0.07 revenue$44,944,638

Total net revenues $15.5M (+14% YoY); services revenue $7.8M (+60%).
GAAP net income $328k ($0.03 diluted) vs $2.5M ($0.23) prior, impacted by $964k FX loss vs $5.4M gain.
Gross margin improved to 48% from 35%; operating expenses 40% of sales.
Non-GAAP adjusted EBITDA $810k ($0.07) down from $3.3M ($0.29); constant-currency net loss $35k.

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