Netsol technologies inc (NTWK)
Income statement / Yearly
Jun'19Jun'18Jun'17Jun'16Jun'15Jun'14Jun'13Jun'12Jun'11
Net Revenues:
Total net revenues

67,819

60,930

-

-

-

-

-

-

-

License fees

-

-

-

8,352

6,328

5,433

17,756

13,369

11,284

Maintenance fees

-

-

-

13,310

12,196

10,034

9,550

7,866

7,488

Services

-

-

-

30,037

24,827

15,230

18,807

18,538

17,774

License fees - related party

-

-

-

1,616

0

-

-

-

-

Maintenance fees - related party

-

-

-

365

395

492

-

-

-

Services - related party

-

-

-

10,867

7,299

5,193

3,734

-

-

Total net revenues

-

-

65,366

64,550

51,048

36,384

49,849

39,775

36,547

Salaries and consultants

19,253

21,856

24,645

21,789

19,859

15,621

11,256

10,236

8,716

Travel

6,527

1,775

3,137

2,334

2,374

1,705

1,673

1,273

1,044

Depreciation and amortization

3,525

4,610

5,448

-

-

-

-

-

-

Repairs and maintenance

-

-

-

-

-

-

-

373

307

Insurance

-

-

-

-

-

-

-

145

126

Depreciation and amortization

-

-

-

5,926

8,336

6,844

3,666

3,528

3,108

Other

4,066

3,481

3,727

3,698

3,020

3,548

3,704

2,721

1,500

Total cost of revenues

33,373

31,723

36,958

33,748

33,591

27,720

20,301

18,278

14,804

Gross profit

34,445

29,206

28,407

30,801

17,457

8,664

29,547

21,497

21,743

Operating expenses:
Selling and marketing

7,831

7,620

9,746

7,823

6,092

4,572

3,387

3,130

3,016

Depreciation and amortization

897

962

1,114

1,225

2,006

1,886

1,555

1,113

1,180

Provision for bad debts

-

-

1,407

237

-

-

-

124

367

Salaries and wages

-

-

-

-

-

-

-

4,191

3,347

Professional services, including non-cash compensation

-

-

-

-

-

-

-

993

806

Lease abandonment charges

-

-

-

-

-

-

-

-

858

General and administrative

16,916

16,714

16,747

14,727

14,208

15,046

10,994

4,679

3,719

Research and development cost

1,971

853

393

485

314

249

158

-

-

Total operating expenses

27,617

26,152

29,409

24,499

22,622

21,754

16,096

14,232

11,578

Income (loss) from operations

6,827

3,054

-1,001

6,301

-5,165

-13,089

13,451

-

-

Other income and (expenses)
Gain (loss) on sale of assets

81

7

-30

23

-64

-229

-

-

-

Interest expense

311

422

310

264

166

255

-

-

-

Interest income

955

592

179

161

331

261

-

-

-

Loss on sale of assets

-

-

-

-

-

-

3

-18

-21

Interest expense

-

-

-

-

-

-

663

823

863

Interest income

-

-

-

-

-

-

185

82

154

Gain (loss) on foreign currency exchange transactions

6,345

5,010

306

-738

-453

50

1,367

404

1,115

Share of net loss from equity investment

-841

-262

0

-

-

-545

-

-

-

Share of net income (loss) from equity investment

-

-

-

-

-

-

482

-300

-542

Amortization of financing costs

-

-

-

-

-

-

635

179

-

Beneficial conversion feature

-

-

-

-

-

-

-

-

-453

Other income

-

-

50

-

-

-

148

275

-52

Other income

18

42

-

224

684

50

887

-559

-341

Total other income (expenses)

6,247

4,968

196

-592

330

-668

-

-

-

Net income before income taxes

13,075

8,023

-804

5,709

-4,835

-13,758

14,339

6,704

9,823

Income tax provision

1,057

873

931

652

413

338

465

55

120

Net loss from continuing operations

-

-

-

-

-

-14,096

13,873

-

-

Income from discontinued operations

-

-

-

-

-

1,158

-1,785

6,649

9,702

Loss from discontinued operations

-

-

-

-

-

-

-1,785

-

5,728

Net income (loss)

12,017

7,149

-1,736

5,057

-5,249

-12,937

12,088

-

-

Non-controlling interest

3,434

2,843

3,241

1,654

299

-1,581

4,224

4,202

3,974

Net income (loss) attributable to NetSol

8,583

4,306

-4,978

3,402

-5,548

-11,356

7,863

2,446

5,728

Translation adjustment

-

-

-

-

-

-

-

-5,308

293

Comprehensive income (loss)

-

-

-

-

-

-

-

-2,862

6,021

Comprehensive loss attributable to non-controlling interest

-

-

-

-

-

-

-

-1,754

-116

Comprehensive income (loss) attributable to NetSol

-

-

-

-

-

-

-

-1,107

6,137

Basic

-

-

-

-

-

-1.38

1.18

-

-

Diluted

-

-

-

-

-

-1.38

1.16

-

-

Basic

-

-

-

-

-

0.13

-0.22

-

-

Diluted

-

-

-

-

-

0.13

-0.22

-

-

Loss from continuing operations

-

-

-

-

-

-12,514

9,648

7,264

10,164

Income from discontinued operations

-

-

-

-

-

1,158

-1,785

6,649

9,702

Net loss

8,583

4,306

-4,978

3,402

-

-11,356

7,863

2,446

5,728

Net income (loss) per common share - Basic

0.74

0.38

-0.46

0.33

-0.57

-1.25

0.96

0.39

1.18

Net income (loss) per common share - Diluted

0.74

0.38

-0.46

0.32

-0.57

-1.25

0.95

0.39

1.16

Weighted average number of shares outstanding
Basic

11,599

11,197

10,912

10,391

9,728

9,063

8,201

6,217

4,854

Diluted

11,621

11,197

10,912

10,584

9,728

9,063

8,288

6,244

4,956

License Fees [Member]
Total net revenues

16,768

6,598

-

-

-

-

-

-

-

Maintenance Fees [Member]
Total net revenues

15,010

14,382

-

-

-

-

-

-

-

Services [Member]
Total net revenues

34,185

33,611

-

-

-

-

-

-

-

License Fees - Related Party [Member]
Total net revenues

-

261

-

-

-

-

-

-

-

Maintenance Fees - Related Party [Member]
Total net revenues

511

418

-

-

-

-

-

-

-

Services - Related Party [Member]
Total net revenues

1,343

5,657

-

-

-

-

-

-

-