NetSol Q1 FY2025 revenues up 3% to $14.6M; net income $71K; recurring revenue jumps 26%

NETSOL TECHNOLOGIES INC

2025-Q1 EPS reported $0.01 revenue$15,219,890

Total net revenues $14.6M (+3% YoY); subscription & support revenues $8.2M (+26% YoY), now 56% of sales.
GAAP net income $71K ($0.006/diluted share) vs $31K prior year; operating loss $760K vs income $350K.
Non-GAAP EBITDA $302K ($0.03/share) vs $805K ($0.07) prior year; cash $24.5M, up from previous quarter.
Signed expansion deal with major China automaker increasing contract value to over $30M; also signed $16M US automaker deal.
Gross margin improved to 45% from 43%; operating expenses rose to 50% of sales from 41%.

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