NETSOL TECHNOLOGIES INC company info

CIK 1039280
IRS Number 954627685
State of incorporation NV
Business address 24025 PARK SORRENTO
SUITE 410
CALABASAS
CA
91302
Mail address 24025 PARK SORRENTO
SUITE 410
CALABASAS
CA
91302

Short summary

NETSOL TECHNOLOGIES INC is a California company, with head office located at 24025 Park Sorrento Calabasas, California 91302. In 2017 the company owned a total of 98.48 million USD worth of assets, including 44.46 million USD worth of current assets. 2012 was the year when the company amassed the most assets.

NETSOL TECHNOLOGIES INC Income Statement

Name [in Millions USD]200920102011201220132014201520162017Trends
Gross Profit 21.7421.5029.558.6618.0330.8028.41
Research and development 0.160.250.310.490.39
Operating Expenses 11.5814.2316.1821.7523.1924.5029.41
Operating Income (Loss) 13.45-13.09-5.176.30-1.00
Interest expense 0.860.820.660.260.170.260.31
Other Nonoperating Income (Expense) -0.050.280.150.05
Income Tax Expense (Benefit) 0.120.060.470.340.410.650.93
Net income 5.732.457.86-11.36-5.553.40-4.98

NETSOL TECHNOLOGIES INC Balance Sheet

Name [in Millions USD]200920102011201220132014201520162017Trends
Cash and cash equivalents 4.084.177.607.8711.4614.1711.5614.178.55
Accounts Receivable, Net, Current 15.0613.7612.765.406.489.696.587.47
Deferred income taxes 0.760.82
Property, Plant and Equipment, Gross 24.8628.0034.7845.6643.6444.7545.9545.74
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment -8.85-11.0913.8015.9418.5221.9725.5826.09
Goodwill 9.449.659.659.529.529.529.529.52
Intangible Assets, Net (Excluding Goodwill) 25.4428.5028.99
Other Assets, Noncurrent 0.140.843.213.40
Total assets 85.6591.35102.7094.9088.9693.3599.6898.48
Current assets 34.5936.2842.0726.8631.5140.4544.2744.46
Accounts payable 1.351.280.831.641.511.351.471.47
Taxes Payable, Current 0.240.280.730.170.020.070.170.18
Total current liabilities 20.0113.6011.8714.6114.8315.2321.1220.88
Long-term Debt, Excluding Current Maturities 0.431.551.411.530.490.33
Total liabilities 20.7416.3513.2816.1515.3215.7121.4821.19
Common Stock, Value, Issued 0.060.080.090.090.100.110.110.11
Retained Earnings (Accumulated Deficit) -34.13-31.68-23.82-35.18-40.73-37.32-42.30-42.67
Accumulated Other Comprehensive Income (Loss), Net of Tax -8.81-12.36-15.71-14.98-17.17-18.73-18.07-18.66

NETSOL TECHNOLOGIES INC Cash Flow

Name [in Millions USD]200920102011201220132014201520162017Trends
Net income 5.732.457.86-11.36-5.553.40-4.98
Depreciation and amortization 8.7310.347.156.56
Depreciation 2.012.883.635.045.674.393.79
Amortization of Intangible Assets -23.49-23.4924.2527.07
Depreciation and amortization 4.294.645.708.7310.347.156.56
Depreciation and amortization 1.181.111.561.892.011.231.11
Accounts receivable 3.42-1.772.12-7.090.873.76-2.29
Deferred revenue 0.622.110.07-0.74
Net Cash Provided by (Used in) Operating Activities 13.928.1113.8518.635.081.660.45
Payments to Acquire Property, Plant, and Equipment 9.094.918.9613.243.563.342.20
Payments to Acquire Businesses, Net of Cash Acquired 0.25
Net Cash Provided by (Used in) Investing Activities -17.80-11.41-14.47-14.74-3.03-3.67-2.73
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 0.020.07
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures 0.020.07
Proceeds from Issuance of Common Stock 4.105.74
Payments for Repurchase of Common Stock 0.02
Net Cash Provided by (Used in) Financing Activities 4.279.091.69-0.231.460.604.38
Cash and Cash Equivalents, Period Increase (Decrease) 0.103.430.273.592.71-2.612.62