netsol technologies inc. (www.netsoltech.com) is a worldwide provider of global it and enterprise application solutions which include credit and finance portfolio management systems, sap consulting, custom development, systems integration and technical services. its flagship product, netsol financial suite is a comprehensive solution that caters to the asset finance and leasing industry. nfs is the end-to-end software solution which gives its clients complete control of their credit portfolio. netsol has delivery and support locations in san francisco, london, beijing, bangkok, lahore, sydney and jakarta. the company's clients include fortune 500 manufacturers, global automakers, financial institutions, utilities, technology providers, and government agencies. its product and services have also achieved iso 9001, iso 20000, iso 27001, and sei cmmi level 5 assessments.
Company profile
Ticker
NTWK
Exchange
Website
CEO
Najeeb Ullah Ghauri
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Microsoft • Oracle • Mobileye Global Inc - Ordinary Shares • Activision Blizzard • Gen Digital • Vmware • Adobe • Salesforce • BlackBerry • Dayforce ...
Former names
MIRAGE HOLDINGS INC, NETSOL INTERNATIONAL INC
SEC CIK
Corporate docs
Subsidiaries
NetSol Technologies Americas, Inc. • NetSol Connect (Private), Ltd. • NetSol Technologies Australia Pty Ltd. • NetSol Technologies Europe Limited • NTPK (Thailand) Co. Limited • NetSol Technologies (Beijing) Co. Ltd. • Tianjin NuoJinZhiCheng Co., Ltd • Ascent Europe Ltd. • Virtual Lease Services Holdings Limited • Virtual Lease Services Limited ...
IRS number
954627685
NTWK stock data
Latest filings (excl ownership)
10-Q
2024 Q2
Quarterly report
13 Feb 24
8-K
NETSOL Technologies Reports 23% Revenue Growth and EPS of $0.04 in Fiscal Second Quarter 2024
13 Feb 24
10-Q
2023 Q1
Quarterly report
7 Nov 23
8-K
NETSOL Technologies Reports Fiscal First Quarter 2024 Results
7 Nov 23
8-K
Results of Operations and Financial Condition
27 Oct 23
8-K
NETSOL Technologies Reports Fiscal Fourth Quarter and Year End 2023 Financial Results
22 Sep 23
10-K
2023 FY
Annual report
22 Sep 23
8-K
Submission of Matters to a Vote of Security Holders
7 Jun 23
8-K
NETSOL Technologies Reports Fiscal Third Quarter 2023 Financial Results
12 May 23
10-Q
2023 Q3
Quarterly report
11 May 23
Transcripts
NTWK
Earnings call transcript
2024 Q2
13 Feb 24
NTWK
Earnings call transcript
2024 Q1
7 Nov 23
NTWK
Earnings call transcript
2023 Q4
22 Sep 23
NTWK
Earnings call transcript
2023 Q3
11 May 23
NTWK
Earnings call transcript
2023 Q2
14 Feb 23
NTWK
Earnings call transcript
2023 Q1
10 Nov 22
NTWK
Earnings call transcript
2022 Q4
27 Sep 22
NTWK
Earnings call transcript
2022 Q3
12 May 22
NTWK
Earnings call transcript
2022 Q2
15 Feb 22
NTWK
Earnings call transcript
2022 Q1
12 Nov 21
Latest ownership filings
4
Michael Richard Francis
4 Apr 24
4
Syed Kausar Kazmi
4 Apr 24
4
MARK CATON
4 Apr 24
4
Roger Kent Almond
22 Mar 24
144
Notice of proposed sale of securities
20 Mar 24
SC 13G
VANGUARD GROUP INC
13 Feb 24
4
MARK CATON
2 Jan 24
4
Syed Kausar Kazmi
2 Jan 24
4
Michael Richard Francis
2 Jan 24
4
NAEEM GHAURI
27 Dec 23
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Jun 23 | Jun 22 | Jun 21 | Jun 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 16.55 mm | 16.55 mm | 16.55 mm | 16.55 mm | 16.55 mm | 16.55 mm |
Cash burn (monthly) | (no burn) | 364.27 k | (no burn) | 539.23 k | (no burn) | (no burn) |
Cash used (since last report) | n/a | 2.43 mm | n/a | 3.60 mm | n/a | n/a |
Cash remaining | n/a | 14.12 mm | n/a | 12.96 mm | n/a | n/a |
Runway (months of cash) | n/a | 38.8 | n/a | 24.0 | n/a | n/a |
Institutional ownership, Q3 2023
21.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 23 |
Opened positions | 3 |
Closed positions | 3 |
Increased positions | 5 |
Reduced positions | 5 |
13F shares | Current |
---|---|
Total value | 2.36 bn |
Total shares | 2.40 mm |
Total puts | 0.00 |
Total calls | 142.90 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 649.50 k | $1.18 bn |
Topline Capital Management | 543.47 k | $0.00 |
Renaissance Technologies | 481.80 k | $872.00 k |
BLK Blackrock | 258.34 k | $467.59 mm |
Dimensional Fund Advisors | 94.05 k | $171.17 mm |
Geode Capital Management | 87.02 k | $158.43 mm |
Acadian Asset Management | 66.42 k | $120.00 k |
STT State Street | 53.46 k | $97.29 mm |
Bridgeway Capital Management | 36.14 k | $65.78 mm |
Empowered Funds | 36.14 k | $65.78 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
2 Apr 24 | Michael Richard Francis | Common Stock | Grant | Acquire A | No | No | 0 | 4,784 | 0.00 | 18,128 |
2 Apr 24 | Kazmi Syed Kausar | Common Stock | Grant | Acquire A | No | No | 0 | 4,784 | 0.00 | 49,012 |
2 Apr 24 | Caton Mark | Common Stock | Grant | Acquire A | No | No | 0 | 4,784 | 0.00 | 139,149 |
20 Mar 24 | Almond Roger Kent | Common Stock | Sell | Dispose S | No | No | 2.94 | 100 | 294.00 | 20,736 |
20 Mar 24 | Almond Roger Kent | Common Stock | Sell | Dispose S | No | No | 2.93 | 1,000 | 2.93 k | 20,836 |
20 Mar 24 | Almond Roger Kent | Common Stock | Sell | Dispose S | No | No | 2.91 | 1,000 | 2.91 k | 21,836 |
20 Mar 24 | Almond Roger Kent | Common Stock | Sell | Dispose S | No | No | 2.9 | 1,264 | 3.67 k | 22,836 |
20 Mar 24 | Almond Roger Kent | Common Stock | Sell | Dispose S | No | No | 2.88 | 900 | 2.59 k | 24,100 |
20 Mar 24 | Almond Roger Kent | Common Stock | Sell | Dispose S | No | No | 2.86 | 2,000 | 5.72 k | 25,000 |
20 Mar 24 | Almond Roger Kent | Common Stock | Sell | Dispose S | No | No | 2.85 | 3,000 | 8.55 k | 27,000 |
News
NETSOL Technologies, Inc. Achieves Advanced Tier Partner Status With Amazon Web Services
21 Mar 24
12 Information Technology Stocks Moving In Tuesday's Intraday Session
13 Feb 24
NETSOL Technologies Q2 EPS $0.04 Up From $(0.19) YoY, Sales $15.24M Up From $12.39M YoY
13 Feb 24
Earnings Scheduled For February 13, 2024
13 Feb 24
Press releases
Leading German Auto Finance Company Goes Live with Full NFS Ascent Suite to Support Operations in South Korea
9 Apr 24
Close Brothers Goes Live with NETSOL's Cloud-Based Calculation Engine Flex
26 Mar 24
NETSOL Technologies, Inc. Achieves Advanced Tier Partner Status with Amazon Web Services
21 Mar 24
NETSOL Signs $12 Million Agreement with Major Global Automotive Company for Operations in China
13 Mar 24
NETSOL's Calculation Engine Flex Now Empowering Haydock Finance's Broker Division
29 Feb 24