ENCINO, Calif., Aug. 01, 2024 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK), a global leader in delivering state-of-the-art solutions for the asset finance and leasing industry, has announced that Charles & Dean Finance has signed up for two products from Company's new API-first Appex Now marketplace – Flex and Dock. Flex, the first product offering from Appex Now, is an instant, cloud-based calculation engine which guarantees swift and accurate calculations at all stages of the contract life ...

ENCINO, Calif., Aug. 01, 2024 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK), a global leader in delivering state-of-the-art solutions for the asset finance and leasing industry, has announced that Charles & Dean Finance has signed up for two products from Company's new API-first Appex Now marketplace – Flex and Dock. Flex, the first product offering from Appex Now, is an instant, cloud-based calculation engine which guarantees swift and accurate calculations at all stages of the contract life ...

"We are thrilled to collaborate with one of the world's leading automakers to enhance the car sales and purchase process for their dealerships and customers," said Naeem Ghauri, President NETSOL Technologies and Founder of Otoz. "Building off the recent US-market traction with MINI Anywhere and AutoNation Mobility, this new partnership is a monumental milestone for the Otoz platform, underscoring the transformative potential of NETSOL's competence in redefining digital retail experiences and aligning with t ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 ☐ For the transition period from __________ to __________ Commission file number: 0-22773 NETSOL TECHNOLOGIES, INC. (Exact name of Registrant as specified in its charter) NEVADA 95-4627685 (State or other Jurisdiction of (I.R.S. Employer NO.) Incorporation or Organization) 16000 Ventu ...

14% increase in Total Revenues to $15.5 million in 3Q '24 60% increase in 3Q '24 Services Revenues to $7.8 million compared to 3Q '23 3Q '24 Gross Margins of 48% increased from 35% in 3Q '23 Third consecutive quarter of profitability On pace to meet target revenue range of $60 - $61 million for FY '24 Targeting FY '24 Subscription and Support Revenue of $28 million Establish AI integration as major company wide initiative ENCINO, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NT ...

14% increase in Total Revenues to $15.5 million in 3Q '24 60% increase in 3Q '24 Services Revenues to $7.8 million compared to 3Q '23 3Q '24 Gross Margins of 48% increased from 35% in 3Q '23 Third consecutive quarter of profitability On pace to meet target revenue range of $60 - $61 million for FY '24 Targeting FY '24 Subscription and Support Revenue of $28 million Establish AI integration as major company wide initiative ENCINO, Calif., May 20, 2024 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NT ...

ENCINO, Calif., April 25, 2024 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (NASDAQ:NTWK), a global business services and enterprise application solutions provider, will hold a conference call on Thursday, May 9, 2024, at 9:00 a.m. Eastern Time (6:00 a.m. Pacific Time) to discuss its financial results for the fiscal third quarter of 2024 ended March 31, 2024. Financial results will be issued in a press release prior to the call. Following the call, management will host a question-and-answer session. Date: ...

ENCINO, Calif., April 25, 2024 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK), a global business services and enterprise application solutions provider, will hold a conference call on Thursday, May 9, 2024, at 9:00 a.m. Eastern Time (6:00 a.m. Pacific Time) to discuss its financial results for the fiscal third quarter of 2024 ended March 31, 2024. Financial results will be issued in a press release prior to the call. Following the call, management will host a question-and-answer session. Date: ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) ☒ Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended December 31, 2023 ☐ For the transition period from __________ to __________ 16000 Ventura Blvd., Suite 770, Encino, CA 91436 (Address of principal executive offices) (Zip Code) (818) 222-9195 / (818) 222-9197 (Issuer's telephone/facsimile numbers, including area code) Securities registered pursuant ...

Financial Data and Key Metrics Changes - Total net revenues for Q1 2024 were $14.2 million, up from $12.7 million in the prior year period, representing a growth of approximately 11.8% [6] - License fees increased to approximately $1.3 million compared to $250,000 in the prior year period, showing a significant increase [6] - Recurring revenue from subscription and support was $6.5 million, up from $6 million in the prior year period [7] - Gross profit for Q1 2024 was $6.2 million, or 43% of net revenues, compared to $4.3 million, or 33% of net revenues in the prior year [22] - GAAP net income for Q1 2024 was $31,000, or $0.003 per diluted share, compared to a net loss of $621,000, or a loss of $0.06 per diluted share in the prior year [23] Business Line Data and Key Metrics Changes - The company recognized approximately $1.3 million in licensing revenues from Isuzu Motors, indicating a focus on securing more licensing deals [3] - SaaS-based revenue and services revenue continued to show consistent growth, contributing to overall revenue stability [3][5] Market Data and Key Metrics Changes - The company is actively expanding its presence in the US market, which is viewed as a largely untapped opportunity [19] - The SaaS-based platform Otoz is now operational in 60 MINI Anywhere dealerships across 37 US states, demonstrating demand for SaaS products in the market [20] Company Strategy and Development Direction - The company aims to drive more predictable revenue through additional licensing deals and expansion of its SaaS offerings [5] - There is a strong focus on cost containment to free up capital for growth opportunities, particularly in the US market [4] - The company is also evaluating strategic acquisition opportunities in North America to bolster its market presence [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth potential in the US and China, citing robust market conditions [11] - The company is committed to investing in talent and resources in the US to enhance its competitive position [36] - Management highlighted the importance of maintaining cost discipline while focusing on revenue growth as a key strategy for building long-term shareholder value [25] Other Important Information - Non-GAAP adjusted EBITDA for Q1 2024 was $466,000, or $0.04 per diluted share, compared to a loss of $28,000, or $0.002 per diluted share in the prior year [9] - The company had cash and cash equivalents of approximately $16.6 million at the end of the quarter [24] Q&A Session Summary Question: Expectations for margins and profitability - Management indicated that margins and profitability are expected to continue improving, with a focus on revenue growth [28] Question: Success rate in bidding for new customers - Management noted that while they often get shortlisted, competition from larger US companies can be a challenge [30][41] Question: Discussion on minority interest and investments - Management acknowledged the costs associated with minority interests but emphasized the importance of investing in talent and technology to stay ahead [31][44]