NETSOL TECHNOLOGIES, INC.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|
| Revenue | $65.4M | $64.6M | $51.0M | $36.4M | $49.8M | $39.8M | $36.5M |
| Cost of Revenue | $37.0M | $33.7M | $33.6M | $27.7M | $20.3M | $18.3M | $14.8M |
| Gross Profit | $28.4M | $30.8M | $17.5M | $8.7M | $29.5M | $21.5M | $21.7M |
| Gross Margin | 43.5% | 47.7% | 34.2% | 23.8% | 59.3% | 54.0% | 59.5% |
| Operating Expenses | |||||||
| Research & Development | $393.3K | $485.8K | $314.9K | $249.7K | $158.8K | — | — |
| SG&A Expense | $16.7M | $14.7M | $14.2M | $15.0M | $11.0M | $4.7M | $3.7M |
| Operating Income | $-1.0M | $6.3M | $-5.2M | $-13.1M | $13.5M | $7.5M | $10.7M |
| Operating Margin | -1.5% | 9.8% | -10.1% | -36.0% | 27.0% | 18.9% | 29.2% |
| Interest Expense | $310.0K | $264.5K | $167.0K | $255.7K | $664.0K | $823.7K | $863.7K |
| Pretax Income | $-804.5K | $5.7M | $-4.8M | $-13.8M | $14.3M | $6.7M | $9.8M |
| Income Tax Expense | $932.0K | $652.5K | $413.5K | $338.3K | $465.4K | $55.4K | $120.5K |
| Net Income | $-5.0M | $3.4M | $-5.5M | $-11.4M | $7.9M | $2.4M | $5.7M |
| Net Margin | -7.6% | 5.3% | -10.9% | -31.2% | 15.8% | 6.2% | 15.7% |
| EPS (Basic) | $-0.46 | $0.33 | $-0.57 | $-1.25 | $0.96 | $0.39 | $1.18 |
| EPS (Diluted) | $-0.46 | $0.32 | $-0.57 | $-1.25 | $0.95 | $0.39 | $1.16 |
| Shares Outstanding (Basic) | 10.9M | 10.4M | 9.7M | 9.1M | 8.2M | 6.2M | 4.9M |
| Shares Outstanding (Diluted) | 10.9M | 10.6M | 9.7M | 9.1M | 8.3M | 6.2M | 5.0M |
| Dividends Per Share | — | — | — | — | — | — | — |