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Network-1 Technologies Inc - NTIP STOCK NEWS

Welcome to our dedicated news page for Network-1 Technologies (Ticker: NTIP), a resource for investors and traders seeking the latest updates and insights on Network-1 Technologies.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Network-1 Technologies's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Network-1 Technologies's position in the market.

Rhea-AI Summary
Network-1 Technologies, Inc. (NTIP) reported revenue of $2.6 million in 2023 from settlements related to its Remote Power Patent, compared to no revenue in 2022. The company incurred operating expenses of $933,000 in 2023, primarily due to legal fees and incentive bonuses. Interest and dividend income increased to $1.87 million in 2023, with gains on marketable securities reaching $525,000. Despite a net loss of $1.46 million in 2023, Network-1 maintains strong liquidity with $45.47 million in cash and marketable securities. The company's Share Repurchase Program was extended to repurchase up to $5 million of common stock, with 428,132 shares repurchased in 2023. Network-1's dividend policy includes semi-annual cash dividends of $0.05 per share.
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Network-1 Technologies, Inc. (NTIP) secures U.S. Patent for Embedded Universal Integrated Circuit Card supporting Two-Factor Authentication, enhancing its M2M/IoT Patent Portfolio. The patent covers technology for eSIMs in next-gen IoT devices. The company's portfolio includes 37 U.S. patents and 14 non-U.S. patents, with expected extension until 2033-2034.
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Network-1 Technologies, Inc. (NTIP) declares a semi-annual cash dividend of $0.05 per common share. The dividend is payable on March 29, 2024, to stockholders of record as of March 15, 2024, subject to the Board of Directors' discretion.
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0.46%
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Network-1 Technologies, Inc. announced its financial results for the quarter ended September 30, 2023. The company had no revenue for the quarter, but recorded $820,000 in revenue for the nine-month period. Network-1 realized a net loss of $810,000 for the quarter, compared to net income of $2,226,000 in the same period last year. The company had cash and cash equivalents of $44,568,000 at the end of September 2023.
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-2.75%
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Network-1 Technologies, Inc. declares semi-annual cash dividend of $0.05 per common share
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ILiAD Biotechnologies reports positive results in Phase 2b Human Challenge study of BPZE1 vaccine against whooping cough
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Network-1 Technologies receives new patent for key derivation technology for embedded SIM cards, part of a comprehensive patent portfolio for IoT and M2M devices.
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Network-1 Technologies Inc

NYSE:NTIP

NTIP Rankings

NTIP Stock Data

48.10M
14.14M
40.85%
22.94%
0.03%
Telephone Apparatus Manufacturing
Manufacturing
Link
US
New York

About NTIP

network 1 security solutions inc (nssi) is a computer software company located in 445 park ave, new york, new york, united states.