Last $3.15 USD
Change Today +0.01 / 0.32%
Volume 9.8K
NTWK On Other Exchanges
Symbol
Exchange
NTWK is not on other exchanges.
As of 10:25 AM 10/23/14 All times are local (Market data is delayed by at least 15 minutes).

netsol technologies inc (NTWK) Snapshot

Open
$3.13
Previous Close
$3.12
Day High
$3.18
Day Low
$3.03
52 Week High
10/31/13 - $7.95
52 Week Low
08/26/14 - $2.68
Market Cap
28.9M
Average Volume 10 Days
40.4K
EPS TTM
$-1.39
Shares Outstanding
9.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for NETSOL TECHNOLOGIES INC (NTWK)

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netsol technologies inc (NTWK) Details

NetSol Technologies, Inc. designs, develops, markets, and exports software products to automobile finance and leasing, banking, healthcare, and financial services industries worldwide. It also provides system integration, consulting, and IT products and services. The company offers NetSol Financial Suite (NFS), an end-to-end solution covering the leasing and finance cycle for the lease and finance industry; and NFS Ascent platform, a lease accounting and contract processing engine. Its NFS consists of Point of Sale, a front office processing system for companies in the financial sector; Credit Application Processing System that handles the incoming credit applications from dealers, agents, brokers, and the direct sales force; Contract Management System, which enables its users to manage and maintain a contract throughout its life cycle; Wholesale Finance System (WFS) that automates and manages the floor plan/bailment activities; Dealer Auditor Access System, a Web-based solution used in conjunction with WFS; and Fleet Management System to handle fleet management needs. The company’s NFS Ascent includes LeasePak, which handles various aspects of the lease or loan lifecycle; and LeasePak Software-as-a-Service to small and mid-sized leasing and finance companies. In addition, it offers LeaseSoft Portal, which supports online access to proposals and for the foundation of Web-based origination systems; LeaseSoft Document Manager to facilitate the automation, production, and distribution of proposal documentation; LeaseSoft Auto-Decision Engine that provides automation of credit checking and underwriting for standards based financial products; LeaseSoft EDI Manager to facilitate process automation between business introducers and funders; and Evolve software for own book brokerages and small to medium size funders. The company was founded in 1997 and is headquartered in Calabasas, California.

1,379 Employees
Last Reported Date: 09/16/14
Founded in 1997

netsol technologies inc (NTWK) Top Compensated Officers

Founder, Chairman of the Board and Chief Exec...
Total Annual Compensation: $640.7K
Chief Financial Officer
Total Annual Compensation: $90.4K
Senior Vice President of Legal & Corporate Af...
Total Annual Compensation: $176.6K
Principal Accounting Officer, Chief Financial...
Total Annual Compensation: $125.0K
Compensation as of Fiscal Year 2014.

netsol technologies inc (NTWK) Key Developments

NetSol Technologies, Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended June 30, 2014

NetSol Technologies, Inc. reported consolidated earnings results for the fourth quarter and year ended June 30, 2014. For the quarter, the company reported total net revenue of $9,546,709 compared to $14,971,988 a year ago. Loss from operations was $7,660,285 compared to income from operations of $4,887,393 a year ago. Loss before income taxes was $8,079,910 compared to income before income taxes of $5,341,458 a year ago. Net loss from continuing operations was $8,096,363 compared to income from continuing operations of $4,898,059 a year ago. Net loss attributable to the company was $7,216,091 or $0.79 per basic and diluted share compared to net income attributable to the company of $3,148,200 or $0.35 per basic and diluted share a year ago. Net loss from continuing operations attributable to the company was $7,216,091 or $0.79 per basic and diluted share compared to net income from continuing operations attributable to the company of $3,439,310 or $0.38 per diluted share a year ago. Negative EBITDA was $3,326,962 or $0.36 per diluted share compared to EBITDA of $5,078,227 or $0.56 per diluted share a year ago. For the year, the company reported total net revenue of $36,384,803 compared to $49,849,463 a year ago. Loss from operations was $13,089,833 compared to income from operations of $13,451,645 a year ago. Loss before income taxes was $13,758,192 compared to income before income taxes of $14,339,231 a year ago. Net loss from continuing operations was $14,096,474 compared to income from continuing operations of $13,873,805 a year ago. Net loss attributable to the company was $11,356,047 or $1.25 per basic and diluted share compared to net income attributable to the company of $7,863,143 or $0.95 per diluted share a year ago. Net loss from continuing operations attributable to the company was $12,514,799 or $1.38 per basic and diluted share compared to net income from continuing operations attributable to the company of $9,648,893 or $1.16 per diluted share a year ago. Negative EBITDA was $2,292,603 or $0.25 per diluted share compared to EBITDA of $14,028,697 or $1.69 per diluted share a year ago. Net cash provided by operating activities was $18,634,902 against $13,845,819 a year ago. Purchases of property and equipment was $13,236,136 against $8,958,876 a year ago.

Faruqi & Faruqi, LLP Encourages Investors to Seek Role of Lead Plaintiff in Class Action Lawsuit Filed Against NetSol Technologies, Inc

Faruqi & Faruqi, LLP reminds investors in NetSol Technologies, Inc. of the September 23, 2014 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against NetSol and certain. A complaint has been filed in the United States District Court for the Central District of California on behalf of all persons who purchased or acquired NetSol securities between November 12, 2009 and November 8, 2013, inclusive. The complaint alleges that the Company and its executives violated federal securities laws with respect to its disclosures concerning its business, operations, and prospects. Specifically, the action alleges that during the Class Period, the company failed to disclose that NetSol's next generation product was not expected to be completed when promised by the company and had not commanded serious interest from NetSol's customers.

NetSol Technologies, Inc. to Report Q4, 2014 Results on Sep 12, 2014

NetSol Technologies, Inc. announced that they will report Q4, 2014 results at 9:00 AM, Eastern Standard Time on Sep 12, 2014

 

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