NetSol Technologies Inc
NASDAQ:NTWK
Income Statement
Earnings Waterfall
NetSol Technologies Inc
Revenue
|
56.8m
USD
|
Cost of Revenue
|
-33.9m
USD
|
Gross Profit
|
22.9m
USD
|
Operating Expenses
|
-25.3m
USD
|
Operating Income
|
-2.5m
USD
|
Other Expenses
|
371.5k
USD
|
Net Income
|
-2.1m
USD
|
Income Statement
NetSol Technologies Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
45
N/A
|
42
-7%
|
36
-13%
|
38
+4%
|
41
+10%
|
45
+9%
|
51
+13%
|
54
+6%
|
58
+7%
|
61
+5%
|
65
+6%
|
68
+6%
|
68
0%
|
70
+3%
|
65
-7%
|
61
-7%
|
60
-2%
|
59
-2%
|
61
+4%
|
65
+6%
|
67
+4%
|
67
+0%
|
68
+1%
|
65
-4%
|
64
-2%
|
60
-6%
|
56
-6%
|
55
-2%
|
53
-5%
|
53
+0%
|
55
+3%
|
56
+1%
|
58
+4%
|
59
+2%
|
57
-3%
|
57
-1%
|
53
-5%
|
52
-2%
|
52
+0%
|
54
+3%
|
57
+5%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(22)
|
(23)
|
(28)
|
(29)
|
(31)
|
(33)
|
(34)
|
(34)
|
(35)
|
(36)
|
(34)
|
(35)
|
(36)
|
(36)
|
(37)
|
(36)
|
(35)
|
(34)
|
(32)
|
(32)
|
(32)
|
(33)
|
(33)
|
(33)
|
(32)
|
(31)
|
(29)
|
(28)
|
(27)
|
(27)
|
(29)
|
(30)
|
(31)
|
(33)
|
(34)
|
(34)
|
(35)
|
(35)
|
(35)
|
(35)
|
(34)
|
|
Gross Profit |
23
N/A
|
19
-20%
|
9
-54%
|
8
-5%
|
10
+25%
|
13
+22%
|
17
+39%
|
20
+13%
|
23
+15%
|
25
+12%
|
31
+22%
|
33
+8%
|
32
-4%
|
34
+5%
|
28
-16%
|
25
-12%
|
25
+0%
|
25
+1%
|
29
+16%
|
33
+12%
|
35
+7%
|
34
-2%
|
34
+1%
|
32
-6%
|
31
-3%
|
29
-8%
|
27
-6%
|
27
+1%
|
25
-6%
|
26
+2%
|
26
+2%
|
25
-4%
|
27
+6%
|
26
-2%
|
24
-10%
|
23
-5%
|
18
-20%
|
17
-6%
|
17
N/A
|
19
+11%
|
23
+21%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(18)
|
(19)
|
(22)
|
(22)
|
(24)
|
(25)
|
(23)
|
(23)
|
(22)
|
(22)
|
(25)
|
(26)
|
(27)
|
(28)
|
(29)
|
(28)
|
(27)
|
(27)
|
(26)
|
(27)
|
(27)
|
(27)
|
(28)
|
(28)
|
(28)
|
(28)
|
(26)
|
(25)
|
(24)
|
(23)
|
(24)
|
(24)
|
(24)
|
(25)
|
(25)
|
(25)
|
(25)
|
(24)
|
(26)
|
(25)
|
(25)
|
|
Selling, General & Administrative |
(16)
|
(17)
|
(20)
|
(20)
|
(22)
|
(23)
|
(20)
|
(21)
|
(20)
|
(20)
|
(23)
|
(24)
|
(26)
|
(27)
|
(28)
|
(26)
|
(26)
|
(25)
|
(24)
|
(25)
|
(25)
|
(25)
|
(25)
|
(24)
|
(25)
|
(25)
|
(24)
|
(23)
|
(22)
|
(22)
|
(22)
|
(23)
|
(22)
|
(23)
|
(23)
|
(23)
|
(22)
|
(22)
|
(23)
|
(23)
|
(24)
|
|
Research & Development |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
|
Depreciation & Amortization |
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
|
Operating Income |
5
N/A
|
(1)
N/A
|
(13)
-2 324%
|
(14)
-7%
|
(14)
+3%
|
(13)
+8%
|
(5)
+59%
|
(3)
+42%
|
0
N/A
|
3
+2 870%
|
6
+112%
|
7
+14%
|
5
-34%
|
5
+13%
|
(1)
N/A
|
(3)
-196%
|
(2)
+23%
|
(1)
+40%
|
3
N/A
|
6
+89%
|
8
+32%
|
7
-9%
|
7
-2%
|
5
-30%
|
3
-31%
|
1
-75%
|
1
+27%
|
3
+136%
|
2
-24%
|
3
+44%
|
3
-1%
|
1
-61%
|
3
+149%
|
2
-38%
|
(1)
N/A
|
(2)
-117%
|
(7)
-201%
|
(7)
-6%
|
(9)
-18%
|
(7)
+26%
|
(2)
+62%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
2
|
0
|
(0)
|
(2)
|
(2)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(2)
|
(1)
|
0
|
2
|
4
|
6
|
5
|
4
|
5
|
2
|
6
|
5
|
3
|
5
|
1
|
3
|
3
|
(1)
|
(0)
|
1
|
2
|
4
|
4
|
4
|
3
|
8
|
6
|
5
|
4
|
|
Gain/Loss on Disposition of Assets |
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
0
|
0
|
0
|
|
Total Other Income |
(0)
|
(0)
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
|
Pre-Tax Income |
6
N/A
|
(0)
N/A
|
(14)
-3 947%
|
(16)
-14%
|
(15)
+2%
|
(13)
+16%
|
(5)
+62%
|
(3)
+43%
|
1
N/A
|
3
+369%
|
6
+82%
|
6
+10%
|
3
-49%
|
4
+29%
|
(1)
N/A
|
(1)
-74%
|
2
N/A
|
4
+193%
|
8
+81%
|
10
+21%
|
12
+28%
|
9
-25%
|
13
+40%
|
10
-27%
|
6
-36%
|
6
-6%
|
2
-59%
|
6
+147%
|
5
-17%
|
2
-53%
|
3
+48%
|
3
-20%
|
5
+94%
|
6
+19%
|
2
-66%
|
1
-46%
|
(4)
N/A
|
1
N/A
|
(3)
N/A
|
(3)
+20%
|
1
N/A
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
|
Income from Continuing Operations |
6
|
(1)
|
(14)
|
(16)
|
(16)
|
(13)
|
(5)
|
(3)
|
0
|
3
|
5
|
6
|
3
|
4
|
(2)
|
(2)
|
1
|
3
|
7
|
9
|
11
|
8
|
12
|
8
|
5
|
4
|
1
|
5
|
4
|
2
|
2
|
2
|
4
|
5
|
1
|
0
|
(5)
|
(0)
|
(4)
|
(3)
|
(0)
|
|
Income to Minority Interest |
(3)
|
(1)
|
2
|
3
|
2
|
1
|
(0)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(3)
|
(3)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(1)
|
(2)
|
(2)
|
(2)
|
(0)
|
(2)
|
(1)
|
(1)
|
(2)
|
|
Net Income (Common) |
2
N/A
|
(1)
N/A
|
(11)
-1 191%
|
(12)
-7%
|
(12)
+2%
|
(12)
-3%
|
(6)
+54%
|
(4)
+26%
|
(2)
+54%
|
1
N/A
|
3
+457%
|
3
+1%
|
0
-89%
|
0
-39%
|
(5)
N/A
|
(5)
+0%
|
(2)
+56%
|
0
N/A
|
4
N/A
|
6
+31%
|
8
+40%
|
6
-20%
|
9
+37%
|
6
-32%
|
4
-39%
|
3
-8%
|
1
-71%
|
3
+271%
|
3
-24%
|
1
-61%
|
2
+71%
|
1
-29%
|
3
+131%
|
3
+12%
|
(1)
N/A
|
(2)
-95%
|
(5)
-211%
|
(2)
+55%
|
(5)
-124%
|
(5)
+12%
|
(2)
+54%
|
|
EPS (Diluted) |
0.21
N/A
|
-0.09
N/A
|
-1.25
-1 289%
|
-1.31
-5%
|
-1.22
+7%
|
-1.22
N/A
|
-0.57
+53%
|
-0.42
+26%
|
-0.17
+60%
|
0.05
N/A
|
0.32
+540%
|
0.32
N/A
|
0.04
-88%
|
0.02
-50%
|
-0.46
N/A
|
-0.45
+2%
|
-0.19
+58%
|
0
N/A
|
0.38
N/A
|
0.49
+29%
|
0.68
+39%
|
0.54
-21%
|
0.74
+37%
|
0.5
-32%
|
0.3
-40%
|
0.28
-7%
|
0.08
-71%
|
0.3
+275%
|
0.23
-23%
|
0.09
-61%
|
0.15
+67%
|
0.12
-20%
|
0.27
+125%
|
0.3
+11%
|
-0.08
N/A
|
-0.14
-75%
|
-0.46
-229%
|
-0.21
+54%
|
-0.46
-119%
|
-0.41
+11%
|
-0.18
+56%
|