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)

3/31/2024
Q3
12/31/2023
Q2
9/30/2023
Q1
6/30/2023
Q4
3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments15,66016,55215,53315,25920,94720,923
Cash and cash equivalents15,66016,55215,53315,25920,94720,923
Receivables5,9766,87111,7149,2234,5967,320
Contract with customer, asset, after allowance for credit loss16,29913,00812,37813,74214,78613,348
Other current assets2,1422,2441,9792,6002,7492,480
Total current assets:40,07738,67541,60440,82443,07744,071
Noncurrent Assets
Operating lease, right-of-use asset1,6601,3591,1521,1031,2471,337
Property, plant and equipment5,6665,7716,1616,8718,7208,851
Long-term investments and receivables   251,0671,0651,059
Long-term investments   251,0671,0651,059
Intangible assets, net (including goodwill)33,73034,1709,4309,68410,10410,413
Goodwill9,3039,3039,3039,3039,3039,303
Intangible assets, net (excluding goodwill)24,42824,8671283828011,111
Contract with customer, asset, after allowance for credit loss734725  604714
Other noncurrent assets32327011
Other undisclosed noncurrent assets(24,428)(24,867)    
Total noncurrent assets:17,39517,19016,77618,72521,73922,375
TOTAL ASSETS:57,47255,86558,37959,55064,81666,446
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:6,7146,8036,5527,0987,4237,030
Taxes payable398
Employee-related liabilities143
Accounts payable1,3241,3711,1159889431,192
Accrued liabilities3,6013,5603,6954,1034,1153,559
Other undisclosed accounts payable and accrued liabilities1,7891,8721,7422,0082,3661,736
Deferred revenue4,4265,1707,9324,1684,0493,982
Debt5,9825,7575,7805,9697,3877,427
Other undisclosed current liabilities690538505421499531
Total current liabilities:17,81218,26820,76917,65619,35818,970
Noncurrent Liabilities
Long-term debt and lease obligation, including:100138176215307292
Long-term debt, excluding current maturities100137173210293270
Finance lease, liability 1361422
Other undisclosed long-term debt and lease obligation      (837)
Liabilities, other than long-term debt1,022796652651790 
Operating lease, liability1,022796652651790837
Total noncurrent liabilities:1,1229348288671,0971,129
Total liabilities:18,93419,20221,59818,52320,45520,099
Equity
Equity, attributable to parent34,46333,46133,80737,72440,30942,067
Common stock123123123122122122
Treasury stock, value(3,921)(3,921)(3,921)(3,921)(3,921)(3,921)
Additional paid in capital128,587128,536128,476128,537128,485128,421
Accumulated other comprehensive loss(45,870)(46,412)(45,975)(47,193)(42,011)(42,281)
Accumulated deficit(44,457)(44,865)(44,896)(39,821)(42,366)(40,273)
Equity, attributable to noncontrolling interest4,0753,2022,9753,3034,0524,279
Total equity:38,53836,66336,78241,02744,36146,347
TOTAL LIABILITIES AND EQUITY:57,47255,86558,37959,55064,81666,446

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

3/31/2024
Q3
12/31/2023
Q2
9/30/2023
Q1
6/30/2023
Q4
3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
Revenues15,23814,24213,79013,50612,39012,706
Cost of revenue(8,062)(8,080)(8,974)(8,801)(9,248)(8,454)
Other cost of operating revenue    (1,020)(977)(1,321)
Gross profit:7,1766,1624,8164,7053,1424,252
Operating expenses(6,149)(5,811)(7,723)(5,635)(6,189)(6,148)
Operating income (loss):1,027351(2,907)(930)(3,047)(1,896)
Nonoperating income (expense)10662(2,355)5,4018651,652
Investment income, nonoperating   (1,041)25 
Gain (loss), foreign currency transaction, before tax(15)(134)(610)5,3866571,316
Other nonoperating income (expense)(57)58(719)22902
Interest and debt expense(290)(276)(253)(188)(202)(122)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes   (512)188202122
Income (loss) from continuing operations before equity method investments, income taxes:843137(6,027)4,470(2,182)(245)
Other undisclosed income from continuing operations before income taxes290276765   
Income (loss) from continuing operations before income taxes:1,133413(5,262)4,470(2,182)(245)
Income tax expense(150)(122)(285)(228)(220)(193)
Income (loss) from continuing operations:983291(5,547)4,243(2,402)(438)
Loss before gain (loss) on sale of properties:(438)
Net income (loss):983291(5,547)4,243(2,402)(438)
Net income (loss) attributable to noncontrolling interest(574)(260)472(1,698)309(183)
Net income (loss) available to common stockholders, diluted:40831(5,075)2,545(2,093)(621)

Comprehensive Income ($ in thousands)

3/31/2024
Q3
12/31/2023
Q2
9/30/2023
Q1
6/30/2023
Q4
3/31/2023
Q3
12/31/2022
Q2
9/30/2022
Q1
Net income (loss):983291(5,547)4,243(2,402)(438)
Comprehensive income (loss):983291(5,547)4,243(2,402)(438)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(574)(260)472(1,698)309(183)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent541(437)1,218(5,182)270(2,918)
Comprehensive income (loss), net of tax, attributable to parent:950(406)(3,857)(2,637)(1,823)(3,539)

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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