NetSol Technologies Inc (NTWK) Q4 2024 Earnings Report

NetSol Technologies delivered a solid top-line performance in QQ4 2024, with revenue of $16.45 million, up 19.3% year over year and up 6.36% quarter over quarter. The gross margin remained healthy at 51.5%, resulting in an EBITDA of $1.17 million and positive operating income of $0.80 million. However, the company reported a net loss of $0.083 million driven by a tax expense and non-operating items, underscoring the ongoing profitability challenge even as the business scales. Importantly, cash generation was strong, with $6.51 million in operating cash flow and $6.95 million in free cash flow, culminating in a cash balance of $19.13 million and a net cash position of approximately -$11.46 million in net debt (i.e., net cash). The balance sheet remains liquidity-rich with a current ratio of ~2.0 and a quick ratio of ~2.6, signaling solid short-term resilience.