Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Statements of Operations (Unaudited)

v3.25.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Net Revenues:        
Total net revenues $ 17,543,957 $ 15,464,516 $ 47,679,116 $ 44,944,638
Cost of revenues 8,802,184 7,989,696 25,452,890 24,132,064
Gross profit 8,741,773 7,474,820 22,226,226 20,812,574
Operating expenses:        
Selling, general and administrative 6,883,587 5,811,335 20,921,530 17,051,798
Research and development cost 304,788 345,582 998,406 1,065,412
Total operating expenses 7,188,375 6,156,917 21,919,936 18,117,210
Income (loss) from operations 1,553,398 1,317,903 306,290 2,695,364
Other income and (expenses)        
Interest expense (194,742) (289,677) (689,347) (856,016)
Interest income 294,655 376,466 1,593,594 1,259,464
Gain (loss) on foreign currency exchange transactions 321,622 (963,887) 165,775 (1,112,757)
Other income 10,831 21,634 202,386 22,210
Total other income (expenses) 432,366 (855,464) 1,272,408 (687,099)
Net income before  income taxes 1,985,764 462,439 1,578,698 2,008,265
Income tax provision (151,334) (146,569) (712,765) (418,517)
Net income 1,834,430 315,870 865,933 1,589,748
Non-controlling interest (410,462) 11,679 (518,212) (822,993)
Net income attributable to NetSol $ 1,423,968 $ 327,549 $ 347,721 $ 766,755
Net income per share:        
Basic $ 0.12 $ 0.03 $ 0.03 $ 0.07
Diluted $ 0.12 $ 0.03 $ 0.03 $ 0.07
Weighted average number of shares outstanding        
Basic 11,683,408 11,390,888 11,531,365 11,369,778
Diluted 11,683,408 11,430,493 11,531,365 11,409,383
License [Member]        
Net Revenues:        
Total net revenues $ 1,198 $ 558,340 $ 75,115 $ 4,829,242
Subscription and Support [Member]        
Net Revenues:        
Total net revenues 7,888,360 7,140,358 24,723,460 20,480,382
Service [Member]        
Net Revenues:        
Total net revenues $ 9,654,399 $ 7,765,818 $ 22,880,541 $ 19,635,014