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)

12/31/2023
MRQ
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
6/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments15,53323,96433,70520,16717,36622,089
Cash and cash equivalents15,53323,96433,70520,16717,36622,089
Receivables11,7148,6694,18411,41419,24918,273
Contract with customer, asset, after allowance for credit loss12,37814,57214,68017,19814,719
Other current assets1,9792,2233,0093,1083,1462,703
Other undisclosed current assets    811114,286
Total current assets:41,60449,42855,57951,89654,59257,351
Noncurrent Assets
Operating lease, right-of-use asset1,1529691,3462,360
Property, plant and equipment6,1619,38312,09211,33012,09716,165
Long-term investments and receivables 251,0593,1566,6382,6543,217
Long-term investments 251,0593,1562,3882,6543,217
Accounts and financing receivable, after allowance for credit loss    4,250  
Intangible assets, net (including goodwill)9,43010,89013,42114,90816,85021,764
Goodwill9,3039,3039,5179,5179,5179,517
Intangible assets, net (excluding goodwill)1281,5883,9055,3917,33312,247
Contract with customer, asset, after allowance for credit loss 8549581,3001,281
Other noncurrent assets72655422470
Other undisclosed noncurrent assets     1,207
Total noncurrent assets:16,77623,18031,02736,57732,90542,423
TOTAL ASSETS:58,37972,60986,60688,47387,49799,774
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:6,5526,8146,6965,6817,4777,874
Taxes payable329608304326234
Employee-related liabilities153228538794303
Accounts payable1,1151,1761,0681,3511,1561,666
Accrued liabilities3,6953,5074,5123,3505,0555,505
Other undisclosed accounts payable and accrued liabilities1,7421,648279138145166
Deferred revenue7,9324,9024,5574,095
Debt5,7808,56711,3669,6936,9068,596
Other undisclosed current liabilities5055498586476,0666,038
Total current liabilities:20,76920,83123,47720,11620,44822,508
Noncurrent Liabilities
Long-term debt and lease obligation1769231,2641,540565331
Long-term debt, excluding current maturities173   67 
Capital lease obligations497331
Finance lease, liability 34767001,540
Liabilities, other than long-term debt652     
Operating lease, liability652447564 
Other undisclosed noncurrent liabilities  (447)(564)1,340  
Total noncurrent liabilities:8289231,2642,880565331
Total liabilities:21,59821,75424,74122,99621,01322,838
Equity
Equity, attributable to parent33,80745,40454,65058,98858,06962,790
Common stock123122122121119117
Treasury stock, value(3,921)(3,921)(3,821)(1,456)(1,456)(1,205)
Common stock, share subscribed but unissued, subscriptions receivable      (221)
Additional paid in capital128,476128,218129,019128,678127,738126,479
Accumulated other comprehensive loss(45,975)(39,363)(31,868)(34,085)(33,125)(24,386)
Accumulated deficit(44,896)(39,652)(38,801)(34,270)(35,207)(37,995)
Equity, attributable to noncontrolling interest2,9755,4507,2156,4898,41514,146
Total equity:36,78250,85461,86665,47766,48476,936
TOTAL LIABILITIES AND EQUITY:58,37972,60986,60688,47387,49799,774

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

12/31/2023
TTM
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
6/30/2018
Revenues52,39357,24854,92156,37267,81960,930
Cost of revenue(35,478)(33,511)(28,568)(29,409)(33,374)(31,723)
Gross profit:16,91623,73726,35326,96334,44629,207
Operating expenses(25,696)(24,815)(23,632)(25,893)(27,618)(26,152)
Operating income (loss):(8,780)(1,078)2,7211,0706,8283,055
Nonoperating income5,5623,1685671,2636,2474,968
Investment income, nonoperating(1,033)     
Gain (loss), foreign currency transaction, before tax6,7484,328(597)3996,3465,010
Other nonoperating income (expense)(606)(219)9872241943
Interest and debt expense(765)(370)(394)(347)(312)(422)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 370394347312422
Income (loss) from continuing operations before equity method investments, income taxes:(3,983)2,0903,2882,33313,0758,023
Loss from equity method investments  (2,021)(254)(606)(842)(263)
Other undisclosed income from continuing operations before income taxes7652,021    
Income (loss) from continuing operations before income taxes:(3,218)2,0903,0341,72712,2337,760
Income tax expense(927)(989)(1,027)(1,141)(1,058)(873)
Other undisclosed income from continuing operations   254606842263
Income (loss) from continuing operations:(4,144)1,1012,2621,19212,0187,150
Income before gain (loss) on sale of properties:1,1012,2621,19212,0187,150
Net income (loss):(4,144)1,1012,2621,19212,0187,150
Net loss attributable to noncontrolling interest(1,099)(1,952)(483)(255)(3,434)(2,843)
Net income (loss) available to common stockholders, diluted:(5,244)(851)1,7789378,5834,307

Comprehensive Income ($ in thousands)

12/31/2023
TTM
6/30/2023
6/30/2022
6/30/2021
6/30/2020
6/30/2019
6/30/2018
Net income (loss):(4,144)1,1012,2621,19212,0187,150
Other undisclosed comprehensive loss      (13,461)
Comprehensive income (loss):(4,144)1,1012,2621,19212,018(6,312)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1,099)(1,952)(483)(255)(3,434)3,075
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(6,612)(7,495)2,217(960)(8,739)1,232
Comprehensive income (loss), net of tax, attributable to parent:(11,856)(8,346)3,995(23)(156)(2,005)

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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