---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-045094"
form_type: "8-K"
ticker: "NTWK"
cik: "0001039280"
company_name: "NETSOL TECHNOLOGIES INC"
filed_at: "2024-11-13T23:59:59+00:00"
generated_at: "2026-05-30T00:45:36.330909+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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%.

## SEC filing metadata
- accession: 0001493152-24-045094
- form_type: 8-K
- ticker: NTWK
- cik: 0001039280
- company_name: NETSOL TECHNOLOGIES INC
- filed_at: 2024-11-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1039280/000149315224045094/0001493152-24-045094-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1039280/000149315224045094/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-045094
- JSON: https://secwatch.observer/filing/0001493152-24-045094.json
- Plain text: https://secwatch.observer/filing/0001493152-24-045094.txt

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