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)Annual | Quarterly
| 12/31/2023 Q2 | 9/30/2023 Q1 | 6/30/2023 Q4 | 3/31/2023 Q3 | 12/31/2022 Q2 | 9/30/2022 Q1 | 6/30/2022 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 16,552 | 15,533 | 15,259 | 20,947 | 20,923 | 23,964 | |||
| Cash and cash equivalents | 16,552 | 15,533 | 15,259 | 20,947 | 20,923 | 23,964 | |||
| Receivables | 6,871 | 11,714 | 9,223 | 4,596 | 7,320 | 8,669 | |||
| Contract with customer, asset, after allowance for credit loss | 13,008 | 12,378 | 13,742 | 14,786 | 13,348 | 14,572 | |||
| Other current assets | 2,244 | 1,979 | 2,600 | 2,749 | 2,480 | 2,223 | |||
| Total current assets: | 38,675 | 41,604 | 40,824 | 43,077 | 44,071 | 49,428 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 1,359 | 1,152 | 1,103 | 1,247 | 1,337 | 969 | |||
| Property, plant and equipment | 5,771 | 6,161 | 6,871 | 8,720 | 8,851 | 9,383 | |||
| Long-term investments and receivables | 25 | 1,067 | 1,065 | 1,059 | 1,059 | ||||
| Long-term investments | 25 | 1,067 | 1,065 | 1,059 | 1,059 | ||||
| Intangible assets, net (including goodwill) | 34,170 | 9,430 | 9,684 | 10,104 | 10,413 | 10,890 | |||
| Goodwill | 9,303 | 9,303 | 9,303 | 9,303 | 9,303 | 9,303 | |||
| Intangible assets, net (excluding goodwill) | 24,867 | 128 | 382 | 801 | 1,111 | 1,588 | |||
| Contract with customer, asset, after allowance for credit loss | 725 | 604 | 714 | 854 | |||||
| Other noncurrent assets | 32 | 7 | 0 | 1 | 1 | 26 | |||
| Other undisclosed noncurrent assets | (24,867) | ||||||||
| Total noncurrent assets: | 17,190 | 16,776 | 18,725 | 21,739 | 22,375 | 23,180 | |||
| TOTAL ASSETS: | 55,865 | 58,379 | 59,550 | 64,816 | 66,446 | 72,609 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 6,803 | 6,552 | 7,098 | 7,423 | 7,030 | 6,814 | |||
| Taxes payable | ✕ | ✕ | ✕ | ✕ | ✕ | 398 | 329 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | 143 | 153 | ||
| Accounts payable | 1,371 | 1,115 | 988 | 943 | 1,192 | 1,176 | |||
| Accrued liabilities | 3,560 | 3,695 | 4,103 | 4,115 | 3,559 | 3,507 | |||
| Other undisclosed accounts payable and accrued liabilities | 1,872 | 1,742 | 2,008 | 2,366 | 1,736 | 1,648 | |||
| Deferred revenue | 5,170 | 7,932 | 4,168 | 4,049 | 3,982 | 4,902 | |||
| Debt | 5,757 | 5,780 | 5,969 | 7,387 | 7,427 | 8,567 | |||
| Other undisclosed current liabilities | 538 | 505 | 421 | 499 | 531 | 549 | |||
| Total current liabilities: | 18,268 | 20,769 | 17,656 | 19,358 | 18,970 | 20,831 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 138 | 176 | 215 | 307 | 292 | 923 | |||
| Long-term debt, excluding current maturities | 137 | 173 | 210 | 293 | 270 | ||||
| Finance lease, liability | 1 | 3 | 6 | 14 | 22 | 476 | |||
| Other undisclosed long-term debt and lease obligation | (837) | ||||||||
| Liabilities, other than long-term debt | 796 | 652 | 651 | 790 | |||||
| Operating lease, liability | 796 | 652 | 651 | 790 | 837 | 447 | |||
| Other undisclosed noncurrent liabilities | (447) | ||||||||
| Total noncurrent liabilities: | 934 | 828 | 867 | 1,097 | 1,129 | 476 | |||
| Total liabilities: | 19,202 | 21,598 | 18,523 | 20,455 | 20,099 | 21,754 | |||
| Equity | |||||||||
| Equity, attributable to parent | 33,461 | 33,807 | 37,724 | 40,309 | 42,067 | 45,404 | |||
| Common stock | 123 | 123 | 122 | 122 | 122 | 122 | |||
| Treasury stock, value | (3,921) | (3,921) | (3,921) | (3,921) | (3,921) | (3,921) | |||
| Additional paid in capital | 128,536 | 128,476 | 128,537 | 128,485 | 128,421 | 128,218 | |||
| Accumulated other comprehensive loss | (46,412) | (45,975) | (47,193) | (42,011) | (42,281) | (39,363) | |||
| Accumulated deficit | (44,865) | (44,896) | (39,821) | (42,366) | (40,273) | (39,652) | |||
| Equity, attributable to noncontrolling interest | 3,202 | 2,975 | 3,303 | 4,052 | 4,279 | 5,450 | |||
| Total equity: | 36,663 | 36,782 | 41,027 | 44,361 | 46,347 | 50,854 | |||
| TOTAL LIABILITIES AND EQUITY: | 55,865 | 58,379 | 59,550 | 64,816 | 66,446 | 72,609 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2023 Q2 | 9/30/2023 Q1 | 6/30/2023 Q4 | 3/31/2023 Q3 | 12/31/2022 Q2 | 9/30/2022 Q1 | 6/30/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 14,242 | 13,790 | 13,506 | 12,390 | 12,706 | 13,544 | ||
| Cost of revenue | (8,080) | (8,974) | (8,801) | (9,248) | (8,454) | (8,727) | ||
| Other cost of operating revenue | (1,020) | (977) | (1,321) | (1,285) | ||||
| Gross profit: | 6,162 | 4,816 | 4,705 | 3,142 | 4,252 | 4,817 | ||
| Operating expenses | (5,811) | (7,723) | (5,635) | (6,189) | (6,148) | (6,370) | ||
| Operating income (loss): | 351 | (2,907) | (930) | (3,047) | (1,896) | (1,553) | ||
| Nonoperating income (expense) | 62 | (2,355) | 5,401 | 865 | 1,652 | 145 | ||
| Investment income, nonoperating | (1,041) | 2 | 5 | |||||
| Gain (loss), foreign currency transaction, before tax | (134) | (610) | 5,386 | 657 | 1,316 | 1,643 | ||
| Other nonoperating income (expense) | 58 | (719) | 22 | 90 | 2 | (211) | ||
| Interest and debt expense | (276) | (253) | (188) | (202) | (122) | (92) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (512) | 188 | 202 | 122 | 370 | |||
| Income (loss) from continuing operations before equity method investments, income taxes: | 137 | (6,027) | 4,470 | (2,182) | (245) | (1,131) | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 276 | 765 | (278) | |||||
| Income (loss) from continuing operations before income taxes: | 413 | (5,262) | 4,470 | (2,182) | (245) | (1,409) | ||
| Income tax expense | (122) | (285) | (228) | (220) | (193) | (462) | ||
| Income (loss) from continuing operations: | 291 | (5,547) | 4,243 | (2,402) | (438) | (1,871) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | ✕ | (438) | (1,871) | |
| Net income (loss): | 291 | (5,547) | 4,243 | (2,402) | (438) | (1,871) | ||
| Net income (loss) attributable to noncontrolling interest | (260) | 472 | (1,698) | 309 | (183) | (297) | ||
| Net income (loss) available to common stockholders, diluted: | 31 | (5,075) | 2,545 | (2,093) | (621) | (2,167) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2023 Q2 | 9/30/2023 Q1 | 6/30/2023 Q4 | 3/31/2023 Q3 | 12/31/2022 Q2 | 9/30/2022 Q1 | 6/30/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 291 | (5,547) | 4,243 | (2,402) | (438) | (1,871) | ||
| Comprehensive income (loss): | 291 | (5,547) | 4,243 | (2,402) | (438) | (1,871) | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (260) | 472 | (1,698) | 309 | (183) | (297) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | (437) | 1,218 | (5,182) | 270 | (2,918) | (2,623) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (406) | (3,857) | (2,637) | (1,823) | (3,539) | (4,790) | ||
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.