NetSol Technologies Inc. (OQ:NTWK)
Business Focus: IT Services & Consulting
| Sector: Technology | Industry: IT Services & Consulting |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 16000 Ventura Blvd.,, Suite 770 ENCINO CA 91436 |
| Tel: | N/A |
| Website: | www.netsoltech.com |
| IR: | See website |
| Key People | ||
| Najeeb Ullah Ghauri Chairman of the Board, Chief Executive Officer, Director | Roger K. Almond Chief Financial Officer | Malea Farsai Corporate Counsel, Director |
| Patti L. W. Mcglasson Senior Vice President, Corporate and Legal Affairs, General Counsel, Secretary | Erik Wagner First Chief Marketing Officer | |
| Business Overview |
| NetSol Technologies, Inc. is a provider of information technology (IT) and enterprise software solutions primarily serving the global leasing and finance industry. The Company is engaged in licensing, subscriptions, modification, enhancement and support of its suite of financial applications, under the brand name NFS Ascent to businesses in the global finance and leasing space. The Company operates through three segments: North America, Europe and Asia-Pacific. Its NFS Ascent is built on cutting-edge, modern technology that enables auto, equipment and big-ticket finance companies, alongside banks, to run their retail and wholesale finance business with ease. NFS Ascent Constituent Applications include Omni Point of Sale (Omni POS), Contract Management System (CMS), Wholesale Finance System (WFS), Dealer Auditor Access System (DAAS), NFS Ascent deployed on the cloud and NFS Digital. It also offers Otoz Digital Auto Retail and Mobility Orchestration, Otoz Ecosystem and AppexNow. |
| Financial Overview |
| For the six months ended 31 December 2023, NetSol Technologies Inc. revenues increased 17% to $29.5M. Net income totaled $439K vs. loss of $2.7M. Revenues reflect Asia-Pacific segment increase of 25% to $21.6M, North America segment increase of 6% to $2.9M, Asia-Pacific segment increase of 25% to $21.6M, North America segment increase of 6% to $2.9M. Net Income reflects Research and development cost decrease of 24% to $720K (expense). |
| Employees: | 1,770 as of Jun 30, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $18.94M as of Dec 31, 2023 |
| Annual revenue (TTM): | $56.78M as of Dec 31, 2023 |
| EBITDA (TTM): | $0.01M as of Dec 31, 2023 |
| Net annual income (TTM): | -$2.09M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$0.03M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | N/A |
| Shares outstanding: | 11,405,240 as of Apr 18, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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