NETSOL Technologies Inc. (NTWK) Financial Statements (2024 and earlier)

Company Profile

Business Address 16000 VENTURA BLVD.,
ENCINO,, CA 91436
State of Incorp. NV
Fiscal Year End June 30
Industry (SIC) 7372 - Prepackaged Software (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
6/30/2023
12/31/2022
MRQ
6/30/2022
6/30/2021
6/30/2020
6/30/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments15,53320,94723,96433,70520,16717,366
Cash and cash equivalents15,53320,94723,96433,70520,16717,366
Receivables11,7144,5968,6694,18411,41419,249
Contract with customer, asset, after allowance for credit loss12,37814,78614,57214,68017,19814,719
Other current assets1,9792,7492,2233,0093,1083,146
Other undisclosed current assets     8111
Total current assets:41,60443,07749,42855,57951,89654,592
Noncurrent Assets
Operating lease, right-of-use asset1,1521,2479691,3462,360
Property, plant and equipment6,1618,7209,38312,09211,33012,097
Long-term investments and receivables 251,0651,0593,1566,6382,654
Long-term investments 251,0651,0593,1562,3882,654
Accounts and financing receivable, after allowance for credit loss     4,250 
Intangible assets, net (including goodwill)9,43010,10410,89013,42114,90816,850
Goodwill9,3039,3039,3039,5179,5179,517
Intangible assets, net (excluding goodwill)1288011,5883,9055,3917,333
Contract with customer, asset, after allowance for credit loss 6048549581,3001,281
Other noncurrent assets7126554224
Other undisclosed noncurrent assets      
Total noncurrent assets:16,77621,73923,18031,02736,57732,905
TOTAL ASSETS:58,37964,81672,60986,60688,47387,497
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:6,5527,4236,8146,6965,6817,477
Taxes payable329608304326
Employee-related liabilities153228538794
Accounts payable1,1159431,1761,0681,3511,156
Accrued liabilities3,6954,1153,5074,5123,3505,055
Other undisclosed accounts payable and accrued liabilities1,7422,3661,648279138145
Deferred revenue7,9324,0494,9024,5574,095
Debt5,7807,3878,56711,3669,6936,906
Other undisclosed current liabilities5054995498586476,066
Total current liabilities:20,76919,35820,83123,47720,11620,448
Noncurrent Liabilities
Long-term debt and lease obligation1763079231,2641,540565
Long-term debt, excluding current maturities173293   67
Capital lease obligations497
Finance lease, liability3144767001,540
Liabilities, other than long-term debt652790    
Operating lease, liability652790447564 
Other undisclosed noncurrent liabilities   (447)(564)1,340 
Total noncurrent liabilities:8281,0979231,2642,880565
Total liabilities:21,59820,45521,75424,74122,99621,013
Equity
Equity, attributable to parent33,80740,30945,40454,65058,98858,069
Common stock123122122122121119
Treasury stock, value(3,921)(3,921)(3,921)(3,821)(1,456)(1,456)
Additional paid in capital128,476128,485128,218129,019128,678127,738
Accumulated other comprehensive loss(45,975)(42,011)(39,363)(31,868)(34,085)(33,125)
Accumulated deficit(44,896)(42,366)(39,652)(38,801)(34,270)(35,207)
Equity, attributable to noncontrolling interest2,9754,0525,4507,2156,4898,415
Total equity:36,78244,36150,85461,86665,47766,484
TOTAL LIABILITIES AND EQUITY:58,37964,81672,60986,60688,47387,497

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Revenues52,39353,45157,24854,92156,37267,819
Cost of revenue(35,478)(35,405)(33,511)(28,568)(29,409)(33,374)
Gross profit:16,91618,04623,73726,35326,96334,446
Operating expenses(25,696)(25,081)(24,815)(23,632)(25,893)(27,618)
Operating income (loss):(8,780)(7,035)(1,078)2,7211,0706,828
Nonoperating income5,5623,3403,1685671,2636,247
Investment income, nonoperating(1,033)5    
Gain (loss), foreign currency transaction, before tax6,7484,1154,328(597)3996,346
Other nonoperating income (expense)(606)(150)(219)98722419
Interest and debt expense(765)(502)(370)(394)(347)(312)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 694370394347312
Income (loss) from continuing operations before equity method investments, income taxes:(3,983)(3,503)2,0903,2882,33313,075
Loss from equity method investments   (2,021)(254)(606)(842)
Other undisclosed income (loss) from continuing operations before income taxes765(192)2,021   
Income (loss) from continuing operations before income taxes:(3,218)(3,695)2,0903,0341,72712,233
Income tax expense(927)(1,033)(989)(1,027)(1,141)(1,058)
Other undisclosed income from continuing operations    254606842
Income (loss) from continuing operations:(4,144)(4,728)1,1012,2621,19212,018
Income (loss) before gain (loss) on sale of properties:(2,326)1,1012,2621,19212,018
Net income (loss):(4,144)(4,728)1,1012,2621,19212,018
Net loss attributable to noncontrolling interest(1,099)(431)(1,952)(483)(255)(3,434)
Net income (loss) available to common stockholders, diluted:(5,244)(5,160)(851)1,7789378,583

Comprehensive Income ($ in thousands)

9/30/2023
TTM
6/30/2023
12/31/2022
TTM
6/30/2022
6/30/2021
6/30/2020
6/30/2019
Net income (loss):(4,144)(4,728)1,1012,2621,19212,018
Comprehensive income (loss):(4,144)(4,728)1,1012,2621,19212,018
Comprehensive loss, net of tax, attributable to noncontrolling interest(1,099)(431)(1,952)(483)(255)(3,434)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(6,612)(7,076)(7,495)2,217(960)(8,739)
Comprehensive income (loss), net of tax, attributable to parent:(11,856)(12,235)(8,346)3,995(23)(156)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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