UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Securities registered pursuant to Section 12(b) of the Act:
Title of each Class | Trading Symbol(s) | Name of each exchange on which registered | ||
Item 2.02 Results of Operations and Financial Condition.
On April 28 2022, NetSol Technologies, Inc.’s Pakistani subsidiary, NetSol Technologies, Ltd. posted the results of operations and financial conditions for period ended March 31, 2022. 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 April 28, 2022, for NetSol Technologies Ltd. |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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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: | April 28, 2022 | /s/ Najeeb Ghauri |
NAJEEB GHAURI | ||
Chief Executive Officer | ||
Date: | April 28, 2022 | /s/ Roger Almond |
ROGER ALMOND | ||
Chief Financial Officer |
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EXHIBIT 99.1
NetSol Technologies Limited Pakistan, (“NetSol PK”), a majority owned subsidiary of NetSol Technologies, Inc. servicing the Asia-Pacific region, announced financial results for the quarter ended March 31, 2022.
Financial Highlights Q3, 2021-22
● | Revenues clocked at PKR 1,607 million compared to PKR 1,241 million in corresponding quarter of last fiscal year | |
● | Company reported a gross profit of PKR 519 million compared to PKR 455 million in the corresponding period | |
● | Company reported a net profit of PKR 165 million compared to a net loss of PKR 180 million last year |
Revenues for the quarter ended March 31, 2022 increased to PKR 1,607 million from PKR 1,241 million in the same quarter of last fiscal year. The company reported a gross profit of PKR 519 million compared to PKR 455 million in the comparative quarter of last fiscal year. The company posted a net profit of PKR 165 million or an EPS of PKR 1.82 per diluted share in comparison of a net loss of PKR 180 million or a loss of PKR 2.00 per diluted share in the same quarter of fiscal 2021.
Cover |
Apr. 28, 2022 |
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Cover [Abstract] | |
Document Type | 8-K |
Amendment Flag | false |
Document Period End Date | Apr. 28, 2022 |
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 | 23975 PARK SORRENTO |
Entity Address, Address Line Two | SUITE 250 |
Entity Address, City or Town | Calabasas CA |
Entity Address, State or Province | CA |
Entity Address, Postal Zip Code | 91302 |
City Area Code | (818) 222-9195 / (818) 222-9197 |
Local Phone Number | 222-9195 / (818) 222-9197 |
Title of 12(b) Security | Common Stock, $.01 par value per share |
Trading Symbol | NTWK |
Security Exchange Name | NASDAQ |
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