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NetSol(NTWK) - 2021 Q2 - Quarterly Report
2021-02-16 17:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) (X) Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended December 31, 2020 ( ) 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. Incorporation or Organization) Employer NO.) 2397 ...
NetSol(NTWK) - 2021 Q2 - Earnings Call Transcript
2021-02-16 16:28
NetSol Technologies, Inc. (NASDAQ:NTWK) Q2 2021 Earnings Conference Call February 16, 2021 9:00 AM ET Company Participants Patti McGlasson - General Counsel Najeeb Ghauri - Chairman & Chief Executive Officer Roger Almond - Chief Financial Officer Naeem Ghauri - President, NetSol Technologies Inc. & Otoz's Chief Executive Officer Conference Call Participants Operator Good morning, and welcome to NETSOL Technologies' Fiscal Second Quarter 2021 Earnings Conference Call. On the call today are Najeeb Ghauri, Cha ...
NetSol(NTWK) - 2021 Q1 - Earnings Call Transcript
2020-11-16 17:35
NETSOL Technologies, Inc. (NASDAQ:NTWK) Q1 2021 Earnings Conference Call November 16, 2020 9:00 AM ET Company Participants Roger Almond - Chief Financial Officer Patti McGlasson - General Counsel Naeem Ghauri - Chief Executive Officer, OTOZ Asad Ghauri - Global Head, Sales Operator Good morning, and welcome to NETSOL Technologies??? Fiscal First Quarter 2021 Earnings Conference Call. On the call today are Naeem Ghauri, CEO of OTOZ; Roger Almond, Chief Financial Officer; Patti McGlasson, General Counsel; and ...
NetSol(NTWK) - 2021 Q1 - Quarterly Report
2020-11-16 15:02
Financial Performance - Total net revenues for the three months ended September 30, 2020, were $12,647,378, a decrease of 6.8% from $13,572,416 in the same period of 2019[171]. - Subscription and support fees increased by 12.3% to $5,171,863 for the three months ended September 30, 2020, compared to $4,606,376 in 2019[175]. - Services income rose by 16.4% to $7,472,040 for the three months ended September 30, 2020, compared to $6,418,891 in 2019[176]. - Gross profit increased to $6,381,575, representing a gross profit margin of 50.5%, up from 45.0% in the prior year[178]. - Operating expenses decreased by 18.2% to $5,345,019 for the three months ended September 30, 2020, compared to $6,537,838 in 2019[182]. - Income from operations was $1,036,556 for the three months ended September 30, 2020, compared to a loss of $427,210 in the same period of 2019[185]. - Other income for the three months ended September 30, 2020, was $351,215, a significant increase from an expense of $1,595,811 in 2019[186]. - Net income attributable to NetSol for the three months ended September 30, 2020, was $717,554, compared to a loss of $1,827,947 in 2019[187]. - The company experienced a foreign currency exchange gain of $296,041 in the three months ended September 30, 2020, compared to a loss of $1,760,190 in the same period of 2019[186]. - Non-controlling interest net income was $405,923 for the three months ended September 30, 2020, compared to a loss of $433,312 in 2019[187]. - Net income for the three months ended September 30, 2020, was $717,554, a significant increase of $2,545,501 compared to a net loss of $1,827,947 for the same period in 2019[188]. - Adjusted EBITDA for the three months ended September 30, 2020, was $1,611,467, compared to a loss of $1,081,007 for the same period in 2019[196]. Cash Flow and Position - Cash position increased to $24,885,365 at September 30, 2020, up from $20,166,830 at June 30, 2020[197]. - Net cash provided by operating activities was $4,711,604 for the three months ended September 30, 2020, compared to $266,080 for the same period in 2019[198]. - Net cash used in investing activities was $517,116 for the three months ended September 30, 2020, compared to $755,167 for the same period in 2019[200]. - The average days sales outstanding decreased slightly to 200 days for the three months ended September 30, 2020, compared to 205 days for the same period in 2019[199]. - The company had current assets of $52,665,475 and current liabilities of $19,713,157 at September 30, 2020[198]. Business Development and Market Trends - NetSol Technologies generated approximately $1.3 million from successfully implementing change requests from various customers across multiple regions[168]. - NFS Ascent SaaS offering is gaining traction in mid-size auto captives in North America and Europe[169]. - A leading captive finance company of a notable U.S. based auto manufacturer went live with LeasePak cloud[168]. - Daimler Financial Services went live with NFS Ascent Retail Platform in Singapore, involving a multi-tenancy setup[168]. - Otoz platform is showing positive interest from existing and new auto leasing and Tier 1 companies in markets including China, the US, and Europe[169]. - The company has identified both positive trends, such as increased demand for cloud solutions, and negative trends, including a major slowdown in the auto sector due to lockdowns[169]. - COVID-19 has created new opportunities for R&D teams to expand and monetize mobile and digital solutions[169]. - The global outlook for the auto sector remains uncertain due to the recessionary impact of COVID-19[169]. - Capital expenditure needs for the next 12 months are anticipated to be $2 million for new business development activities and infrastructure enhancements[204]. - The company remains open to strategic relationships that would provide value-added benefits while focusing on improving cash reserves internally[203]. - The China Pakistan Economic Corridor (CPEC) investment has exceeded $62 billion, boosting confidence in trade relations[169]. Compliance and Financial Health - The company is in compliance with all financial covenants associated with its borrowings as of the date of the report[207].
NetSol(NTWK) - 2020 Q4 - Earnings Call Transcript
2020-09-28 17:30
NetSol Technologies, Inc. (NASDAQ:NTWK) Q4 2020 Earnings Conference Call September 28, 2020 9:00 AM ET Company Participants Najeeb Ghauri - Chairman and Chief Executive Officer Roger Almond - Chief Financial Officer Patti McGlasson - General Counsel Naeem Ghauri - Chief Executive Officer, OTOZ Asad Ghauri - Global Head, Sales Operator Good morning. Welcome to NetSol Technologies Fiscal Fourth Quarter and Full Year 2020 Earnings Conference Call. On the call today are Najeeb Ghauri, Chairman and Chief Executi ...
NetSol(NTWK) - 2020 Q4 - Annual Report
2020-09-28 16:41
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K [X] ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDED JUNE 30, 2020 or [ ] TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 0-22773 NETSOL TECHNOLOGIES, INC. (Exact Name of Registrant specified in its charter) (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification Number) NEVAD ...
NetSol(NTWK) - 2020 Q3 - Earnings Call Transcript
2020-05-13 16:05
NetSol Technologies, Inc. (NASDAQ:NTWK) Q3 2020 Earnings Conference Call May 13, 2020 9:00 AM ET Company Participants Najeeb Ghauri - Chairman, Chief Executive Officer Roger Almond - Chief Financial Officer Asad Ghauri - Head of Global Sales, Group Managing Director, NetSol Europe Patti McGlasson - General Counsel Conference Call Participants Anja Soderstrom - Sidoti Operator Good morning and welcome to the NetSol Technologies fiscal third quarter 2020 earnings conference call. On the call today are Najeeb ...
NetSol(NTWK) - 2020 Q3 - Quarterly Report
2020-05-13 14:31
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) [X] Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2020 (Exact name of Registrant as specified in its charter) NEVADA 95-4627685 (State or other Jurisdiction of Incorporation or Organization) (I.R.S. Employer NO.) [ ] For the transition period from __________ to __________ Commission file number: 0-22773 NETSOL TECHNOLOGIES, INC. 23975 P ...
NetSol(NTWK) - 2020 Q2 - Quarterly Report
2020-02-12 19:20
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (Mark One) [X] Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended December 31, 2019 [ ] 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) 2397 ...
NetSol(NTWK) - 2020 Q1 - Earnings Call Transcript
2019-11-12 20:02
NetSol Technologies, Inc. (NASDAQ:NTWK) Q1 2020 Earnings Conference Call November 12, 2019 9:00 AM ET Company Participants Patti McGlasson - General Counsel Najeeb Ghauri - Founder, Chairman and Chief Executive Officer Roger Almond - Chief Financial Officer Naeem Ghauri - Co-Founder, President Global Sales, Chief Executive Officer of Innovation and OTOZ Conference Call Participants Anja Soderstrom - Sidoti & Company, LLC Operator Good morning. Welcome to NetSol Technologies' First Quarter 2020 Earnings Conf ...