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Thursday, Dec 8, 2022
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Earnings: NetSol, B. Riley, Trio-Tech

NetSol Technologies Inc. on Monday announced widening losses in the third quarter. The Calabasas lending software company reported a net loss of $1.7 million (-17 cents a share) for the quarter ended Sept. 30, compared to a loss of $219,000 (-4 cents) for the same period a year ago. Revenue grew 12.7 percent to $15 million. The sole analyst who follows the company expected revenue of $16.7 million, according to Thomson Financial Network. B. Riley Financial Services Inc. announced a profitable third quarter on Monday The Woodland Hills company, which has stock brokerage, debt and liquidation auction operations, reported net income of $8.9 million (47 cents a share) for the quarter ended Sept. 30, compared to net income of $1.5 million (9 cents) for the same quarter a year ago. Revenue grew 138 percent to $50 million. No analysts follow the company. Trio-Tech International Inc. growing profits for the third quarter on Monday. The Van Nuys semiconductor testing company reported net income of $377,000 (9 cents a share for the quarter ended Sept. 30, compared to net income of $347,000 ( 8 cents) for the same quarter a year ago. Revenue increased 13.7 percent to $6.6 million. No analysts follow the company.

Joel Russel
Joel Russel
Joel Russell joined the Los Angeles Business Journal in 2006 as a reporter. He transferred to sister publication San Fernando Valley Business Journal in 2012 as managing editor. Since he assumed the position of editor in 2015, the Business Journal has been recognized four times as the best small-circulation tabloid business publication in the country by the Alliance of Area Business Publishers. Previously, he worked as senior editor at Hispanic Business magazine and editor of Business Mexico.
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