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NETSOL Technologies (NETSOL Technologies) Net Income : $-2.09 Mil (TTM As of Dec. 2023)


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What is NETSOL Technologies Net Income?

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. NETSOL Technologies's Net Income for the three months ended in Dec. 2023 was $0.41 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was $-2.09 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. NETSOL Technologies's Earnings per Share (Diluted) for the three months ended in Dec. 2023 was $0.04.


NETSOL Technologies Net Income Historical Data

The historical data trend for NETSOL Technologies's Net Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

NETSOL Technologies Net Income Chart

NETSOL Technologies Annual Data
Trend Jun14 Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23
Net Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 8.58 0.94 1.78 -0.85 -5.24

NETSOL Technologies Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -2.09 2.55 -5.08 0.03 0.41

NETSOL Technologies Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

NETSOL Technologies's Net Income for the fiscal year that ended in Jun. 2023 is calculated as

Net Income(A: Jun. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-3.218+-0.927+0+-1.099
=-5.24

NETSOL Technologies's Net Income for the quarter that ended in Dec. 2023 is calculated as

Net Income(Q: Dec. 2023 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=1.133+-0.15+0+-0.575
=0.41

Net Income for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-2.09 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


NETSOL Technologies  (NAS:NTWK) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

NETSOL Technologies's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2023 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


NETSOL Technologies Net Income Related Terms

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NETSOL Technologies (NETSOL Technologies) Business Description

Traded in Other Exchanges
N/A
Address
16000 Ventura Blvd, Suite 770, Encino, CA, USA, 91436
NETSOL Technologies Inc is involved in providing information technology and enterprise software solutions. Its products and services include NFS Ascent, NFS Digital, Leasepak Cloud, Business consultancy, and information security services among others. The firm has North America, Europe, and Asia-Pacific segments, of which the majority of the revenue is derived from Asia-Pacific. It derives revenue from licensing, customization, enhancements, and maintenance of its financial applications. The company promotes and sells its products under the Netsol financial suite.
Executives
Naeem Ghaur director, 10 percent owner, officer: CEO 23901CALABASAS ROAD, SUITE 2072, CALABASAS CA 91302
Najeeb Ghauri director, officer: CFO, Chairman 24025, CALABASAS CA 91302
Michael Richard Francis director C/O NETSOL TECHNOLOGIES, INC., 16000 VENTURA BLVD., SUITE 770, ENCINO CA 91436
Roger Kent Almond officer: CFO C/O NETSOL TECHNOLOGIES, INC., 24025 PARK SORRENTO, SUITE 410, CALABASAS CA 91302
Henry Arnolfo Tolentino director C/O NETSOL TECHNOLOGIES, INC., 23975 PARK SORRENTO, STE 250, CALABASAS CA 91302
Malea Farsai director 23901 CALABASAS ROAD, SUITE 2072, CALABASAS CA 91302
Syed Kausar Kazmi director C/O.NETSOL TECHNOLOGIES.INC., 23975 PARK SORRENTO, SUITE 250, CALABASAS CA 91302
Mark Caton director P O BO 270052, SAN DIEGO CA 92198
Eugen Beckert director 24025 PARK SORRENTO, SUITE 410, CALABASAS CA 91302
Shahid Burki director 11112 STACKHOUSE CT, POTOMAC MD 20854
Mcglasson Patti L W officer: Secretary 23901 CALABASAS RD STE 2072, CALABASAS CA 91302
Asad Ullah Ghauri director 24025 PARK SORRENTO, SUITE 410, C/O NETSOL TECHNOLOGIES, INC., CALABASAS CA 91302
Jeffrey M Bilbrey director C/O NETSOL TECHNOLOGIES, INC., 24025 PARK SORRENTO, SUITE 410, CALABASAS CA 91302
Salim U Ghauri director, 10 percent owner, officer: President 24011 VENTURA BLVD #101, CALABASAS CA 91302
Alexander Shakow director NETSOL TECHNOLOGIES INC, 23901 CALABASAS ROAD STE 2072, CALABASAS CA 91032