Netsol Technologies Files Q2 2025 10-Q Report

TL;DR

Netsol Tech filed its Q2 2025 10-Q. Check financials.

AI Summary

Netsol Technologies Inc. filed its 10-Q for the period ending December 31, 2024. The filing covers the second quarter of their fiscal year. Key financial data and business operations for this period are detailed within the report.

Why It Matters

This filing provides investors and stakeholders with an update on Netsol Technologies' financial performance and operational status for the second quarter of fiscal year 2025.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial and operational disclosures.

Key Numbers

• Q2 — Quarter (Reported period is the second quarter of fiscal year 2025.)
• 2025 — Fiscal Year (The report pertains to the fiscal year ending June 30, 2025.)

Key Players & Entities

• NETSOL TECHNOLOGIES INC (company) — Filer
• 20241231 (date) — Conformed Period of Report
• 20250213 (date) — Filed as of Date
• 0630 (date) — Fiscal Year End

FAQ

Key Financial Figures

• $0.01 — nge on which registered Common Stock, $0.01 par value per share NTWK NASDAQ I

Filing Documents

• form10-q.htm (10-Q) — 1452KB
• ex31-1.htm (EX-31.1) — 8KB
• ex31-2.htm (EX-31.2) — 8KB
• ex32-1.htm (EX-32.1) — 3KB
• ex32-2.htm (EX-32.2) — 3KB
• image_001.jpg (GRAPHIC) — 3KB
• 0001493152-25-006348.txt ( ) — 7866KB
• ntwk-20241231.xsd (EX-101.SCH) — 58KB
• ntwk-20241231_cal.xml (EX-101.CAL) — 85KB
• ntwk-20241231_def.xml (EX-101.DEF) — 200KB
• ntwk-20241231_lab.xml (EX-101.LAB) — 416KB
• ntwk-20241231_pre.xml (EX-101.PRE) — 349KB
• form10-q_htm.xml (XML) — 1531KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION 3

Financial Statements (Unaudited)

Item 1. Financial Statements (Unaudited) 3 Condensed Consolidated Balance Sheets as of December 31, 2024 and June 30, 2024 3 Condensed Consolidated Statements of Operations for the Three and Six Months Ended December 31, 2024 and 2023 4 Condensed Consolidated Statements of Comprehensive Income (Loss) for the Three and Six Months Ended December 31, 2024 and 2023 5 Condensed Consolidated Statements of Stockholders' Equity for the Three and Six Months Ended December 31, 2024 and 2023 6 Condensed Consolidated Statements of Cash Flows for the Six Months Ended December 31, 2024 and 2023 8 Notes to the Condensed Consolidated Financial Statements 10 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 32 Item 3.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 50 Item 4.

Controls and Procedures

Controls and Procedures 50

OTHER INFORMATION

PART II. OTHER INFORMATION 51 Item 1.

Legal Proceedings

Legal Proceedings 51

Risk Factors

Item 1A Risk Factors 51 Item 2. Unregistered Sales of Equity and Use of Proceeds 51 Item 3. Defaults Upon Senior Securities 51 Item 4. Mine Safety Disclosures 51 Item 5. Other Information 51 Item 6. Exhibits 51 Page 2 PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements (Unaudited) NETSOL TECHNOLOGIES, INC. AND SUBSIDIARIES Condensed Consolidated Balance Sheets (Unaudited) As of As of December 31, 2024 June 30, 2024 ASSETS Current assets: Cash and cash equivalents $ 21,270,642 $ 19,127,165 Accounts receivable, net of allowance of $ 17,028 and $ 398,809 7,829,823 13,049,614 Revenues in excess of billings, net of allowance of $ 595,875 and $ 116,148 10,661,549 12,684,518 Other current assets 3,191,378 2,600,786 Total current assets 42,953,392 47,462,083 Revenues in excess of billings, net - long term 777,428 954,029 Property and equipment, net 4,934,498 5,106,842 Right of use assets - operating leases 1,069,948 1,328,624 Other assets 32,339 32,340 Intangible assets, net - - Goodwill 9,302,524 9,302,524 Total assets $ 59,070,129 $ 64,186,442 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable and accrued expenses $ 7,332,560 $ 8,232,342 Current portion of loans and obligations under finance leases 8,784,232 6,276,125 Current portion of operating lease obligations 518,075 608,202 Unearned revenue 3,320,286 8,752,153 Total current liabilities 19,955,153 23,868,822 Loans and obligations under finance leases; less current maturities 86,951 95,771 Operating lease obligations; less current maturities 512,062 688,749 Total liabilities 20,554,166 24,653,342 Stockholders' equity: Preferred stock, $ .01 par value; 500,000 shares authorized; - - Common stock, $ .01 par value; 14,500,000 shares authorized; 12,589,046 shares issued and 11,650,015 outstanding as of December 31, 2024 , 12,359,922 shares issued and 11,420,891 outstanding as of June 30, 2024 125,894 123,602 Additional paid-in-capital 129,194,697 128,783,865 Treasury stock (at cost, 939,031 shares as of December 31, 2024 and June 30, 2024) ( 3,920,856 ) ( 3,920,856 ) Accumulated deficit ( 45,288,560 ) ( 44,212,313

View Full Filing

View this 10-Q filing on SEC EDGAR