Strategic Partnership - NETSOL Technologies announced a new strategic partnership with Hiltermann, a Netherlands-based specialist lender in the leasing and financing industry [1] - Hiltermann has implemented NETSOL's Wholesale Finance System (WFS) and will leverage the company's white label lending platform to expand competitive offerings in the asset finance and leasing market [1] - This partnership marks NETSOL's first strategic move in the Netherlands and supports its broader European growth strategy [1] Technology and Implementation - NETSOL's API-enabled technology allows Hiltermann to enhance collaboration with dealerships, improve customer relationships, and gain competitive advantages [2] - The stock financing solution integrates with local market infrastructure, facilitating automation and scalability for both funders and dealers [2] - The implementation was completed in just 5 months, showcasing NETSOL's expertise and hybrid approach combining offshore and on-site teams [2] Company Overview - NETSOL Technologies is a global leader in providing state-of-the-art solutions for the asset finance and leasing industry, serving clients in over 30 countries [3] - The company's flagship product, NETSOL Financial Suite (NFS), leverages advanced AI and cloud services to meet complex market needs [3] - NETSOL is known for its deep industry expertise, customer-centric approach, and commitment to innovation and sustainability [3] About Hiltermann - Hiltermann is a bank-and-brand independent leasing partner, specializing in operational and financial leasing of cars, commercial vehicles, and business assets [4] - The company is among the top 10 car leasing companies in the Netherlands [4]

ENCINO, Calif., Sept. 30, 2024 (GLOBE NEWSWIRE) -- NETSOL Technologies, Inc. (Nasdaq: NTWK), a global business services and enterprise application solutions provider, will hold a conference call on Tuesday, October 1, 2024, at 9:00 a.m. Eastern Time (6:00 a.m. Pacific Time) to discuss its financial results for the fiscal fourth quarter and full year ended June 30, 2024. Following the call, management will host a question-andanswer session. Date: Tuesday, October 1, 2024 Time: 9:00 a.m. Eastern Time (6:00 a. ...

Core Insights - NETSOL Technologies, Inc. has signed a new agreement with a major automaker to support operations in China, valued at over $30 million over five years, contributing to revenue growth in fiscal 2025 and beyond [1][2] - The CEO of NETSOL anticipates this contract will lead to double-digit revenue growth in fiscal 2025, marking a new stage of growth for the company in the Asia Pacific market [2] - NETSOL China holds a dominant market share in the country and expects this contract to nearly double its revenue over the agreement's term [2] Company Overview - NETSOL Technologies is a global leader in asset finance and leasing solutions, serving automotive OEMs, auto captives, and financial institutions across over 30 countries since its inception in 1996 [3] - The company is recognized for its technological innovations, including advanced AI and cloud services, and maintains a strong customer-centric approach [3] - NETSOL is committed to ethical business practices and sustainability, positioning itself as a trusted partner for leading firms globally [3]

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 ...

Core Insights - NETSOL Technologies, Inc. has partnered with Charles & Dean Finance to provide two products from its new API-first Appex Now marketplace, namely Flex and Dock [1][3] Product Offerings - Flex is a cloud-based calculation engine that ensures swift and accurate calculations throughout the contract lifecycle [2] - Dock is a centralized document generation tool that allows users to create accurate documents quickly using template-based configurations [2] Partnership Significance - The partnership with Charles & Dean Finance is expected to enhance their business processes, leveraging NETSOL's API-first products for improved agility and simplicity [3] - Charles & Dean Finance has a strong reputation in the UK finance and leasing industry, having supported over 6000 businesses and individuals in the last decade [5] Company Background - NETSOL Technologies is recognized as a global leader in asset finance and leasing solutions, serving clients in over 30 countries since its inception in 1996 [4] - The company is known for its commitment to innovation, customer-centric approach, and ethical business practices, positioning itself as a trusted partner in the industry [4]

Core Insights - NETSOL Technologies has signed a $16 million, five-year contract with a major automaker to enhance US dealership operations through its Otoz digital retail platform [2][4] - The partnership aims to transform the car sales and purchase process, showcasing NETSOL's capabilities in digital retail experiences [1][4] - NETSOL has experienced aggressive growth in the US automotive OEM and dealership segment, with expectations for continued expansion of Otoz [4] Company Overview - NETSOL Technologies is a global leader in asset finance and leasing solutions, serving automotive OEMs, autocaptives, and financial institutions in over 30 countries [3] - The company has been at the forefront of technology since its inception in 1996, focusing on innovations in asset finance solutions and leveraging AI and cloud services [3] - NETSOL is recognized for its customer-centric approach, strong partnerships, and commitment to sustainability and ethical business practices [3]

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 ...

Core Insights - NETSOL Technologies, Inc. reported a 14% increase in total revenues to $15.5 million for the third quarter of fiscal 2024, compared to $13.5 million in the same period last year [1][3] - Services revenues surged by 60% to $7.8 million in 3Q '24 compared to 3Q '23, marking the third consecutive quarter of profitability for the company [1][4][15] - The company is on track to meet its target revenue range of $60 - $61 million for the full fiscal year 2024 [1][18] Financial Performance - Total net revenues for the nine months ended March 31, 2024, were $44.9 million, up from $38.6 million in the prior year [9][10] - Gross profit for 3Q '24 was $7.5 million, representing 48% of net revenues, an increase from 35% in 3Q '23 [1][5] - Operating expenses for 3Q '24 were $6.2 million, or 40% of sales, down from 42% in the same quarter last year [6][12] Profitability Metrics - GAAP net income for 3Q '24 was $328,000, or $0.03 per diluted share, compared to $2.5 million, or $0.23 per diluted share, in 3Q '23 [7][25] - Non-GAAP adjusted EBITDA for 3Q '24 was $810,000, or $0.07 per diluted share, down from $3.3 million, or $0.29 per diluted share, in the prior year [8][28] Strategic Initiatives - The company is establishing AI integration as a major initiative, aiming to reduce internal costs and enhance service quality [1][17] - NETSOL is focused on expanding its sales pipeline in the U.S. market and is committed to continuous innovation in its offerings [15][16] Market Outlook - Management expressed confidence in achieving double-digit organic revenue growth and improved margins, supported by a strong pipeline of licensing and SaaS deals [18]

Core Insights - NETSOL Technologies, Inc. reported a 14% increase in total revenues to $15.5 million for the third quarter of fiscal 2024, compared to $13.5 million in the same period last year [1][3] - Services revenues surged by 60% to $7.8 million in 3Q '24 compared to 3Q '23, marking the third consecutive quarter of profitability for the company [1][4][15] - The company is on track to meet its target revenue range of $60 - $61 million for the full fiscal year 2024 [1][18] Financial Performance - Total net revenues for the nine months ended March 31, 2024, were $44.9 million, up from $38.6 million in the prior year [9][10] - Gross profit for 3Q '24 was $7.5 million, representing 48% of net revenues, an increase from 35% in 3Q '23 [1][5] - Operating expenses for 3Q '24 were $6.2 million, or 40% of sales, down from 42% in the same quarter last year [6][12] Income and Profitability - GAAP net income attributable to NETSOL for 3Q '24 was $328,000, or $0.03 per diluted share, compared to $2.5 million, or $0.23 per diluted share, in 3Q '23 [7][25] - Non-GAAP adjusted EBITDA for 3Q '24 was $810,000, or $0.07 per diluted share, down from $3.3 million, or $0.29 per diluted share, in the prior year [8][28] Strategic Initiatives - The company is establishing AI integration as a major initiative, aiming to reduce internal costs and enhance service quality [1][17] - NETSOL is focused on expanding its sales pipeline in the U.S. market and is committed to continuous innovation in its offerings [15][16] Market Outlook - Management expressed confidence in achieving double-digit organic revenue growth and improved margins, supported by a strong pipeline of licensing and SaaS deals [18]

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: ...