Overview
NETSOL fiscal Q1 2026 revenue grows 2.8% yr/yr, driven by subscription and support growth
Company reports GAAP net loss of $2.4 mln for fiscal Q1 2026 vs year-ago profit
Loss from operations for fiscal Q1 2026 was $1.8 mln, up from $0.76 mln last year
Outlook
Company did not provide specific financial guidance for future periods
Result Drivers
SUBSCRIPTION GROWTH - Co reports 9.4% increase in subscription and support revenues, indicating traction in recurring revenue model
OPERATING EXPENSES - Higher operating expenses impacted profitability, with expenses rising to $7.8 mln from $7.3 mln
GROSS MARGIN COMPRESSION - Gross profit margin decreased to 39.4% from 45% due to increased costs
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | $15 mln | ||
Q1 EPS | -$0.20 | ||
Q1 Net Income | -$2.40 mln | ||
Q1 Adjusted EBITDA | -$1.80 mln | ||
Q1 Gross Profit | $5.90 mln | ||
Q1 Operating Expenses | $7.80 mln |
Press Release: ID:nGNX3grrqF
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)