NetSol Technologies was founded in 1995 and is headquartered in Calabasas, US

Founder & Chief Executive Officer

Chief Financial Officer

Chief Operating Officer

NetSol Technologies has offices in Calabasas, Karachi and Lahore

Calabasas, US (HQ)

410 24025 Park Sorrento

NetSol Technologies's revenue was reported to be $17.9 m in Q3, 2017

USD

## Revenue (Q3, 2017) | 17.9 m |

## Gross profit (Q3, 2017) | 9 m |

## Gross profit margin (Q3, 2017), % | 50% |

## Net income (Q3, 2017) | 2.1 m |

## EBIT (Q3, 2017) | 1.8 m |

## Market capitalization (22-Aug-2017) | 45.6 m |

## Cash (31-Mar-2017) | 8.5 m |

NetSol Technologies's current market capitalization is $45.6 m.

- Source: SEC Filings

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Revenue | 36.4 m | 51 m | 64.6 m |

## Revenue growth, % | 40% | 26% | |

## Cost of goods sold | 27.7 m | 33 m | 33.7 m |

## Gross profit | 8.7 m | 18 m | 30.8 m |

## Gross profit Margin, % | 24% | 35% | 48% |

## Sales and marketing expense | 4.6 m | 6.1 m | 7.8 m |

## R&D expense | 249.7 k | 314.9 k | 485.8 k |

## General and administrative expense | 15 m | 14.2 m | 15 m |

## Operating expense total | 19.9 m | 20.6 m | 23.3 m |

## Depreciation and amortization | 1.9 m | 2 m | 1.2 m |

## EBITDA | 5.3 m | 13 m | |

## EBITDA margin, % | 10% | 20% | |

## EBIT | (13.1 m) | (5.2 m) | 6.3 m |

## EBIT margin, % | (36%) | (10%) | 10% |

## Interest expense | 255.7 k | 167 k | 264.5 k |

## Interest income | 261.3 k | 331.4 k | 161.8 k |

## Pre tax profit | (13.8 m) | (4.8 m) | 5.7 m |

## Income tax expense | (338.3 k) | (413.5 k) | (652.5 k) |

## Net Income | (12.9 m) | (5.2 m) | 5.1 m |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 10.2 m | 12.4 m | 13.1 m | 13.3 m | 16.2 m | 16 m | 15 m | 17.6 m | 17.9 m |

## Cost of goods sold | 7 m | 7.4 m | 8.4 m | 7.9 m | 8.2 m | 8.4 m | 8.9 m | 9.2 m | 9 m |

## Gross profit | 3.2 m | 5 m | 4.7 m | 5.4 m | 8 m | 7.5 m | 6.1 m | 8.4 m | 9 m |

## Gross profit Margin, % | 31% | 40% | 36% | 41% | 50% | 47% | 41% | 48% | 50% |

## General and administrative expense | 3.7 m | 3.9 m | 4 m | 3.4 m | 3.5 m | 4 m | 4.6 m | 3.9 m | 4.3 m |

## Operating expense total | 3.7 m | 3.9 m | 4 m | 3.4 m | 3.5 m | 4 m | 4.6 m | 3.9 m | 4.3 m |

## EBIT | (2.2 m) | (1 m) | (1.6 m) | (57 k) | 2.1 m | 1.2 m | (1.2 m) | 1.4 m | 1.8 m |

## EBIT margin, % | (22%) | (8%) | (12%) | (0%) | 13% | 8% | (8%) | 8% | 10% |

## Interest expense | 73.1 k | 47.3 k | 45.2 k | 68.2 k | 72.2 k | 56.1 k | 54.5 k | 62.1 k | 60.4 k |

## Interest income | 57.9 k | 106.1 k | 97.1 k | 52.1 k | 35.3 k | 29.7 k | 30.4 k | 23.4 k | 27.2 k |

## Pre tax profit | (2.2 m) | (1.4 m) | (1.2 m) | (144.3 k) | (1.7 m) | 2.2 m | |||

## Income tax expense | (40.1 k) | (87.7 k) | (107.4 k) | (75.2 k) | (273.3 k) | (106.2 k) | (39.9 k) | (338.9 k) | (61.6 k) |

## Net Income | (1.8 m) | (1.5 m) | (1.3 m) | (219.5 k) | 1.8 m | 1.2 m | (1.7 m) | 402.6 k | 2.1 m |

- Source: SEC Filings

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Cash | 11.5 m | 14.2 m | 11.6 m |

## Accounts Receivable | 5.4 m | 6.5 m | 9.7 m |

## Current Assets | 26.9 m | 31.5 m | 40.5 m |

## PP&E | 29.7 m | 25.1 m | 22.8 m |

## Goodwill | 9.5 m | 9.5 m | 9.5 m |

## Total Assets | 94.9 m | 89 m | 93.3 m |

## Accounts Payable | 5.2 m | 6 m | 6 m |

## Total Debt | 7.3 m | 4.4 m | 4.9 m |

## Current Liabilities | 14.6 m | 14.8 m | 15.2 m |

## Total Liabilities | 16.1 m | 15.3 m | 15.7 m |

## Additional Paid-in Capital | 115.4 m | 119.2 m | 121.4 m |

## Retained Earnings | (35.2 m) | (40.7 m) | (37.3 m) |

## Total Equity | 78.8 m | 73.6 m | 77.6 m |

## EPS | (1.3) | (0.6) | 0.3 |

## Debt to Equity Ratio | 0.1 x | 0.1 x | 0.1 x |

## Debt to Assets Ratio | 0.1 x | 0 x | 0.1 x |

## Financial Leverage | 1.2 x | 1.2 x | 1.2 x |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 10.4 m | 13.5 m | 10.9 m | 10.1 m | 14 m | 11.9 m | 11.2 m | 9.5 m | 8.5 m |

## Accounts Receivable | 11.1 m | ||||||||

## Current Assets | 28.7 m | 29.1 m | 28.5 m | 30.9 m | 33.6 m | 36.1 m | 40.9 m | 40.7 m | 47.2 m |

## PP&E | 27.9 m | 27.5 m | 26.4 m | 24.1 m | 23.3 m | 23.2 m | 22.6 m | 21.9 m | 21.2 m |

## Goodwill | 9.5 m | 9.5 m | 9.5 m | 9.5 m | 9.5 m | 9.5 m | 9.5 m | 9.5 m | 9.5 m |

## Total Assets | 92.5 m | 92.2 m | 89.2 m | 86.3 m | 87.2 m | 89.7 m | 94.1 m | 92.6 m | 98.2 m |

## Accounts Payable | 4.7 m | 5 m | 5.3 m | 5 m | 5.9 m | 6.4 m | 6.4 m | 7.4 m | 7.4 m |

## Current Liabilities | 16.3 m | 17.1 m | 14.1 m | 13.7 m | 13.3 m | 14.4 m | 15.3 m | 14.6 m | 17.2 m |

## Additional Paid-in Capital | 116.7 m | 117.8 m | 118.4 m | 119.3 m | 119.9 m | 120.5 m | 122.4 m | 123 m | 123.7 m |

## Retained Earnings | (37 m) | (38.4 m) | (40 m) | (41.1 m) | (40.3 m) | (39.4 m) | (39.1 m) | (40.1 m) | (39.2 m) |

## Total Equity | 74.8 m | 74 m | 74.6 m | 72.3 m | 73.6 m | 74.9 m | 78.2 m | 77.5 m | 80.6 m |

## Financial Leverage | 1.2 x | 1.2 x | 1.2 x | 1.2 x | 1.2 x | 1.2 x | 1.2 x | 1.2 x | 1.2 x |

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Net Income | (12.9 m) | (5.2 m) | 5.1 m |

## Depreciation and Amortization | 8.7 m | 10.3 m | 7.2 m |

## Accounts Receivable | 7.1 m | (872 k) | (3.8 m) |

## Accounts Payable | 1.7 m | 726.7 k | 558 k |

## Cash From Operating Activities | 18.6 m | 5.1 m | 1.7 m |

## Purchases of PP&E | (13.2 m) | (3.6 m) | (3.3 m) |

## Cash From Investing Activities | (14.7 m) | (3 m) | (3.7 m) |

## Long-term Borrowings | (2.9 m) | (4.1 m) | (950.5 k) |

## Cash From Financing Activities | (233.1 k) | 1.5 m | 598.2 k |

## Interest Paid | 162.9 k | 251.6 k | |

## Income Taxes Paid | 503.9 k | 391.3 k |

USD | Q1, 2014^{} | Q2, 2014^{} | Q3, 2015^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2016^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | (1.8 m) | (1.5 m) | (1.3 m) | (219.5 k) | 1.8 m | 1.2 m | (1.7 m) | 402.6 k | 2.1 m |

## Depreciation and Amortization | 1.8 m | 1.8 m | 1.9 m | 1.8 m | 1.5 m | 1.5 m | 1.3 m | 1.3 m | 1.3 m |

## Accounts Receivable | 11.1 m | (1.3 m) | |||||||

## Accounts Payable | 4.7 m | 5 m | 5.3 m | (833.6 k) | 5.9 m | 6.4 m | 6.4 m | 7.4 m | 7.4 m |

## Cash From Operating Activities | (3.2 m) | ||||||||

## Purchases of PP&E | (625.8 k) | ||||||||

## Cash From Investing Activities | (445.5 k) | ||||||||

## Cash From Financing Activities | 327.6 k | ||||||||

## Interest Paid | 64.3 k | ||||||||

## Income Taxes Paid | 71.2 k |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 11 k |

## Financial Leverage | 1.2 x |

NetSol Technologies's Enterprise Customers was reported to be 200 in May, 2017

- Source: NETSOL Technologies