false 0001039280 0001039280 2024-10-30 2024-10-30 iso4217:USD xbrli:shares iso4217:USD xbrli:shares

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

 

 

Date of Report (Date of earliest event reported): October 30, 2024

 

Commission file number: 0-22773

 

NETSOL TECHNOLOGIES, INC.

(Exact name of small business issuer as specified in its charter)

 

nevada   95-4627685
(State or other Jurisdiction of   (I.R.S. Employer NO.)
Incorporation or Organization)    

 

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)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
   
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
   
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
   
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each Class   Trading Symbol(s)   Name of each exchange on which registered
Common Stock, $.01 par value per share   NTWK   NASDAQ

 

 

 

 

 

 

Item 2.02 Results of Operations and Financial Condition.

 

On October 30, 2024, NetSol Technologies, Inc.’s Pakistani subsidiary, NetSol Technologies, Ltd. posted the results of operations and financial conditions for first quarter ended September 30, 2024. The results are posted on the Pakistan Stock Exchange. These results represent only the results of one subsidiary of NetSol Technologies, Inc. and are not representative of the results of the NetSol Technologies, Inc. on a consolidated basis.

 

The information in this report shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liability of that section, and shall not be incorporated by reference into any registration statement or other document field under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

 

Exhibits

 

99.1 Earnings Announcement for October 30, 2024, for NetSol Technologies Ltd.

104 Inline XBRL for the cover page of this Current Report on Form 8-K

 

Page 2

 

 

SIGNATURES

 

In accordance with the requirements of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  NETSOL TECHNOLOGIES, INC.
   
 Date: October 30, 2024 /s/ Najeeb Ghauri
  NAJEEB GHAURI
  Chief Executive Officer

 

Date: October 30, 2024  
/s/ Roger Almond
  ROGER ALMOND
  Chief Financial Officer

 

Page 3

 

EXHIBIT 99.1

 

NetSol Technologies Limited Pakistan, (“NetSol PK”), a majority owned subsidiary of NetSol Technologies, Inc., today announced financial results for the quarter ended September 30, 2024.

 

Financial Highlights Q1, 2024-25

 

  ● Company posted revenues of PKR 1,899 million compared to PKR 2,256 million in corresponding quarter of last fiscal year
     
  ● Gross profit remained at PKR 641 million compared to PKR 901 million in the corresponding period
     
  ● Company reported a net profit of PKR 197 million compared to PKR 272 million last year

 

Revenues for the quarter ended September 30, 2024 decreased to PKR 1,899 million from PKR 2,256 million in the same quarter of last fiscal year. The company reported a gross profit of PKR 641 million compared to PKR 901 million in the comparative quarter of last fiscal year. The company posted a net profit of PKR 197 million or an EPS of PKR 2.21 per diluted share in comparison of a net profit of PKR 272 million or an EPS of PKR 3.09 per diluted share in the same quarter of fiscal 2024.

 

Page 1

 

v3.24.3
Cover
Oct. 30, 2024
Cover [Abstract]  
Document Type 8-K
Amendment Flag false
Document Period End Date Oct. 30, 2024
Entity File Number 0-22773
Entity Registrant Name NETSOL TECHNOLOGIES, INC.
Entity Central Index Key 0001039280
Entity Tax Identification Number 95-4627685
Entity Incorporation, State or Country Code NV
Entity Address, Address Line One 16000 Ventura Blvd.
Entity Address, Address Line Two Suite 770
Entity Address, City or Town Encino
Entity Address, State or Province CA
Entity Address, Postal Zip Code 91436
City Area Code 818
Local Phone Number 222-9195
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common Stock, $.01 par value per share
Trading Symbol NTWK
Security Exchange Name NASDAQ
NetSol Technologies (NASDAQ:NTWK)
Graphique Historique de l'Action
De Oct 2024 à Nov 2024 Plus de graphiques de la Bourse NetSol Technologies
NetSol Technologies (NASDAQ:NTWK)
Graphique Historique de l'Action
De Nov 2023 à Nov 2024 Plus de graphiques de la Bourse NetSol Technologies