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Wednesday, May 12, 2010 8:31:12 AM
http://ih.advfn.com/p.php?pid=nmona&article=42779754&symbol=N^NTWK
Third Quarter Fiscal Year 2010 Consolidated Financial Highlights
* Revenues for the fiscal year 2010 third quarter totaled $8.9 million, up from $5 million for the same period year-over-year, representing an increase of $3.9 million, or 77.8%.
* Net income per share totaled $0.02 versus a loss ($0.19) for the same period a year ago.
* Net revenues from license fees totaled $3.64 million, an increase of 1,022% versus the same period a year ago.
* 100% sequential growth in the core NetSol Financial Suite™ license sales.
* Gross margin increased to 61.3% compared to 10.7% in the same period a year ago.
* Operating income increased to $2.58 million as compared to an operating loss of $4.26 million in the same period a year ago.
* EBITDA totaled $1.9 million or $0.05 per diluted share, versus an EBITDA loss of $3.5 million, or a loss of ($0.13) per diluted share, in the year-ago period.
* The Company reiterates previous guidance for fiscal year 2010 projecting revenues in the range of $33.0 million and $35.0 million, representing full-year revenue growth of between 25% and 32% over fiscal year 2009. The Company projects a return to GAAP net income for fiscal year 2010, versus a GAAP net loss of $0.30 per diluted share for fiscal year 2009. License revenues for fiscal year 2010 are projected to increase more than 100% over fiscal year 2009.
Nine-Months Ended March 31, 2010
* Revenues for the nine months ended March 31, 2010 totaled $26.1 million up from $19.6 million for the same period year-over-year representing an increase of $6.5 million or 33%.
* Net revenues from license fees totaled $9.52 million, up from $3.50 million for the same period year-over-year, representing an increase of $6.01 million, or 171.6%.
* Gross margin increased to 59.3% compared to 34.1% in the same period a year ago.
* Operating income increased to $5.42 million as compared to an operating loss of $5.95 million in the same period a year ago.
* EBITDA totaled $4.07 million, or $0.12 per diluted share, versus an EBITDA loss of $3.04 million, or a loss of ($0.11) per diluted share, in the same period a year-ago.
Recent NTWK News
- Form 5 - Annual statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/02/2024 05:42:02 PM
- Charles & Dean Finance Subscribe to Appex Now Products Flex and Dock • GlobeNewswire Inc. • 08/01/2024 12:30:00 PM
- NETSOL signs $16 Million Agreement with Major Automaker to Revolutionize Digital Car Buying and Leasing Experience in the United States • GlobeNewswire Inc. • 07/16/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/11/2024 06:50:45 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/14/2024 10:06:11 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/20/2024 07:00:22 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/20/2024 04:30:40 PM
- NETSOL Technologies Reports 14% Revenue Growth and EPS of $0.03 in Fiscal Third Quarter 2024 • GlobeNewswire Inc. • 05/20/2024 12:30:00 PM
- Form DEFR14A - Revised definitive proxy soliciting materials • Edgar (US Regulatory) • 05/10/2024 03:05:40 PM
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- NETSOL Technologies Reschedules Fiscal Third Quarter 2024 Conference Call • GlobeNewswire Inc. • 05/08/2024 12:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 04:40:15 PM
- NETSOL Technologies Sets Fiscal Third Quarter 2024 Conference Call for Thursday, May 9 at 9:00 am ET • GlobeNewswire Inc. • 04/25/2024 12:38:36 PM
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