Network-1 Technologies reported its Q1 2025 financial results. The company generated revenue of $150,000 from a litigation settlement, compared to no revenue in Q1 2024. The company reported a net loss of $363,000 ($0.02 per share), an improvement from the $920,000 loss in Q1 2024. Operating expenses decreased by $123,000, primarily due to reduced litigation costs. Network-1 acquired a Smart Home Patent Portfolio from IoT and M2M Technologies, consisting of 9 patents and 16 pending applications. The company maintains strong liquidity with $39.2 million in cash and marketable securities. Under its Share Repurchase Program, Network-1 repurchased 106,662 shares at $1.38 per share during Q1. The company declared a semi-annual dividend of $0.05 per share, paid in March 2025.
Network-1 Technologies ha comunicato i risultati finanziari del primo trimestre 2025. La società ha generato ricavi di 150.000 dollari da una transazione legale, rispetto a nessun ricavo nel primo trimestre 2024. È stato riportato un perdita netta di 363.000 dollari (0,02 dollari per azione), un miglioramento rispetto alla perdita di 920.000 dollari nel primo trimestre 2024. Le spese operative sono diminuite di 123.000 dollari, principalmente grazie alla riduzione dei costi legali. Network-1 ha acquisito un Portafoglio di Brevetti per Smart Home da IoT e M2M Technologies, composto da 9 brevetti e 16 domande in corso. La società mantiene una solida liquidità con 39,2 milioni di dollari in contanti e titoli negoziabili. Nell’ambito del Programma di Riacquisto Azionario, Network-1 ha riacquistato 106.662 azioni a 1,38 dollari per azione durante il primo trimestre. È stato dichiarato un dividendo semestrale di 0,05 dollari per azione, pagato a marzo 2025.
Network-1 Technologies informó sus resultados financieros del primer trimestre de 2025. La compañía generó ingresos de 150,000 dólares por un acuerdo judicial, en comparación con ningún ingreso en el primer trimestre de 2024. Reportó una pérdida neta de 363,000 dólares (0.02 dólares por acción), una mejora respecto a la pérdida de 920,000 dólares en el primer trimestre de 2024. Los gastos operativos disminuyeron en 123,000 dólares, principalmente debido a la reducción de costos legales. Network-1 adquirió una Cartera de Patentes para Hogar Inteligente de IoT y M2M Technologies, compuesta por 9 patentes y 16 solicitudes pendientes. La compañía mantiene una sólida liquidez con 39.2 millones de dólares en efectivo y valores negociables. Bajo su Programa de Recompra de Acciones, Network-1 recompró 106,662 acciones a 1.38 dólares por acción durante el primer trimestre. La empresa declaró un dividendo semestral de 0.05 dólares por acción, pagado en marzo de 2025.
Network-1 Technologies는 2025년 1분기 재무 실적을 발표했습니다. 회사는 소송 합의금으로 15만 달러의 매출을 기록했으며, 이는 2024년 1분기 매출이 없었던 것과 대비됩니다. 회사는 주당 0.02달러, 총 36만 3천 달러의 순손실을 보고했으며, 이는 2024년 1분기 92만 달러 손실에서 개선된 수치입니다. 운영비용은 주로 소송 비용 감소로 인해 12만 3천 달러 줄었습니다. Network-1은 IoT 및 M2M Technologies로부터 9개의 특허와 16개의 출원 중인 특허로 구성된 스마트 홈 특허 포트폴리오를 인수했습니다. 회사는 3,920만 달러의 현금 및 시장성 증권으로 강력한 유동성을 유지하고 있습니다. 자사주 매입 프로그램에 따라 Network-1은 1분기 동안 주당 1.38달러에 106,662주를 재매입했습니다. 회사는 2025년 3월에 지급된 주당 0.05달러의 반기 배당금을 선언했습니다.
Network-1 Technologies a publié ses résultats financiers du premier trimestre 2025. La société a généré 150 000 dollars de revenus issus d’un règlement judiciaire, contre aucun revenu au premier trimestre 2024. Elle a enregistré une perte nette de 363 000 dollars (0,02 dollar par action), une amélioration par rapport à la perte de 920 000 dollars au premier trimestre 2024. Les charges d’exploitation ont diminué de 123 000 dollars, principalement grâce à la réduction des frais judiciaires. Network-1 a acquis un portefeuille de brevets pour la maison connectée auprès de IoT et M2M Technologies, comprenant 9 brevets et 16 demandes en cours. L’entreprise dispose d’une solide liquidité avec 39,2 millions de dollars en liquidités et titres négociables. Dans le cadre de son programme de rachat d’actions, Network-1 a racheté 106 662 actions à 1,38 dollar chacune au cours du premier trimestre. La société a déclaré un dividende semestriel de 0,05 dollar par action, versé en mars 2025.
Network-1 Technologies hat seine Finanzergebnisse für das erste Quartal 2025 veröffentlicht. Das Unternehmen erzielte Einnahmen von 150.000 US-Dollar aus einer Rechtsstreitbeilegung, im Vergleich zu keinen Einnahmen im ersten Quartal 2024. Es wurde ein Nettoverlust von 363.000 US-Dollar (0,02 US-Dollar je Aktie) gemeldet, eine Verbesserung gegenüber dem Verlust von 920.000 US-Dollar im ersten Quartal 2024. Die Betriebsausgaben sanken um 123.000 US-Dollar, hauptsächlich aufgrund geringerer Rechtskosten. Network-1 erwarb ein Smart-Home-Patentportfolio von IoT und M2M Technologies, bestehend aus 9 Patenten und 16 anhängigen Anmeldungen. Das Unternehmen verfügt über eine starke Liquidität mit 39,2 Millionen US-Dollar in bar und marktfähigen Wertpapieren. Im Rahmen seines Aktienrückkaufprogramms kaufte Network-1 im ersten Quartal 106.662 Aktien zu je 1,38 US-Dollar zurück. Das Unternehmen erklärte eine halbjährliche Dividende von 0,05 US-Dollar je Aktie, die im März 2025 ausgezahlt wurde.
Positive
Reduced net loss from $920,000 in Q1 2024 to $363,000 in Q1 2025
Generated $150,000 in revenue vs zero revenue in Q1 2024
Operating expenses decreased by $123,000 year-over-year
Strong liquidity position with $39.2M in cash and marketable securities
Acquisition of new Smart Home Patent Portfolio expanding intellectual property assets
Negative
Continued net loss of $363,000 in Q1 2025
Share of loss from equity investee ILiAD Biotechnologies of $462,000
Limited revenue generation from core operations
Insights
Network-1 reduced losses by 61% YoY despite minimal revenue; sits on $39.2M cash with reduced legal expenses.
Network-1's Q1 2025 results show modest improvement with a narrowed net loss of $363,000 ($0.02/share) compared to $920,000 ($0.04/share) in Q1 2024 – representing a 61% reduction in losses year-over-year. The intellectual property licensing company generated $150,000 in revenue this quarter from a litigation settlement involving its Remote Power Patent, versus zero revenue in the comparable period last year.
The company's financial health appears stable despite minimal operational revenue. Cash preservation efforts are evident with operating expenses decreasing by $123,000, primarily due to a $98,000 reduction in legal expenses. This disciplined approach to litigation spending seems appropriate given the company's business model.
Network-1's investment portfolio generated $484,000 in interest and dividend income (up 12% from Q1 2024) plus $149,000 in realized/unrealized gains on marketable securities (up 210% from $48,000 last year). These investment returns partially offset the $462,000 loss from their stake in ILiAD Biotechnologies.
The company maintains a strong liquidity position with $39.2M in cash/securities and $38.4M in working capital. This provides substantial runway for their intellectual property monetization strategy. Their recent acquisition of the Smart Home Patent Portfolio represents a strategic expansion of monetizable IP assets.
Network-1 continues returning capital to shareholders through share repurchases ($146,857 during Q1) and consistent semi-annual dividends of $0.05/share. Since 2010, they've returned over $43M to shareholders through these programs, demonstrating a commitment to shareholder value despite limited revenue generation.
NEW CANAAN, CT / ACCESS Newswire / May 9, 2025 / Network-1 Technologies, Inc. (NYSE American:NTIP) ("Network-1"), a company specializing in the acquisition, development, licensing and monetization of its intellectual property assets, today announced financial results for the first quarter ended March 31, 2025.
Network-1 had revenue of $150,000 for the quarter ended March 31, 2025 as compared to no revenue for the quarter ended March 31, 2024. Revenue in 2025 was from a litigation settlement involving Network-1's Remote Power Patent. Network-1's operating expenses decreased by $123,000 in 2025 compared to 2024, primarily due to a decrease of $98,000 in professional fees as a result of a decrease in spending on litigation.
Network-1 reported a net loss of $363,000or $0.02per share basic and diluted for the quarter ended March 31, 2025, compared to a net loss of $920,000 or $0.04 per share on a basic and diluted basis for the quarter ended March 31, 2024. Included in the net loss is Network-1's share of the net loss of its equity investee (ILiAD Biotechnologies, LLC) of $462,000 and $628,000 for the quarters ended March 31, 2025 and 2024, respectively.
Interest and dividend income for the quarter ended March 31, 2025 was $484,000 as compared to $431,000for the quarter ended March 31, 2024. In addition, in the quarter ended March 31, 2025 Network-1 recorded realized and unrealized gains on marketable securities of $149,000 as compared to $48,000in the quarter ended March 31, 2024.
On March 31, 2025, Network-1 acquired a patent portfolio from IoT and M2M Technologies, LLC, relating to, among other things, enabling technology to support the interoperability of smart home IoT devices (the "Smart Home Patent Portfolio"). The Smart Home Patent Portfolio currently consists of eight (8) U.S. patents and one (1) international patent as well as eleven (11) U.S. pending patent applications and five (5) pending international patents.
At March 31, 2025, Network-1's principal sources of liquidity consisted of cash and cash equivalents and marketable securities of $39,193,000 and working capital of $38,443,000. Management believes that based on Network-1's current cash, cash equivalents and marketable securities positions, Network-1 will have sufficient liquidity to fund its operations for the foreseeable future.
On June 14, 2023, Network‑1's Board of Directors authorized an extension and increase of Network‑1's Share Repurchase Program to repurchase up to $5,000,000 of shares of its common stock over the subsequent 24-month period. During the quarter ended March 31, 2025, Network‑1 repurchased an aggregate of 106,662 shares of its common stock pursuant to its Share Repurchase Program at a cost of approximately $146,857 (exclusive of commissions) or an average price per share of $1.38. Since inception of its Share Repurchase Program (August 2011) to March 31, 2025, Network‑1 has repurchased an aggregate of 10,480,894 shares of its common stock at a cost of approximately $20,130,211 (exclusive of commissions) or an average per share price of $1.92. Combined with the approximate $23,000,000 in dividends paid beginning in 2010 to date, Network-1 has returned, through such dividends and share repurchases, in excess of $43,000,000 to its shareholders.
Network-1's dividend policy consists of semi-annual cash dividends of $0.05 per share ($0.10 per share annually) which have been paid in March and September of each year. On February 19, 2025, Network-1's Board of Directors declared a semi-annual cash dividend of $0.05 per share which was paid on March 28, 2025 to all shareholders of record as of March 14, 2025. Network‑1's dividend policy undergoes a periodic review by its Board of Directors and is subject to change at any time depending upon Network‑1's earnings, financial requirements and other factors existing at the time.
ABOUT NETWORK-1 TECHNOLOGIES, INC.
Network-1 Technologies, Inc. is engaged in the acquisition, development, licensing and protection of its intellectual property and proprietary technologies. Network-1 works with inventors and patent owners to assist in the development and monetization of their patented technologies. Network-1 currently owns one hundred fourteen (114) U.S. patents and sixteen (16) international patents covering various technologies, including enabling technology for authenticating and using eSIM technology in Internet of Things ("IoT"), certain advanced technologies related to high frequency trading, technologies relating to document stream operating systems and the identification of media content and enabling technology to support, among other things, the interoperability of smart home IT devices. Network-1's current strategy includes efforts to monetize four patent portfolios (the M2M/IoT, HFT, Cox and Smart Home portfolios). Network-1's strategy is to focus on acquiring and investing in high quality patents which management believes have the potential to generate significant licensing opportunities as Network-1 has achieved with respect to its Remote Power Patent and Mirror Worlds Patent Portfolio. Network-1's Remote Power Patent has generated licensing revenue in excess of $188,000,000 from May 2007 through March 31, 2025. Network-1 has achieved licensing and other revenue of $47,150,000 through March 31, 2025 with respect to its Mirror Worlds Patent Portfolio.
This release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements address future events and conditions concerning Network-1's business plans. Such statements are subject to a number of risk factors and uncertainties as disclosed in the Network-1's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission on February 28, 2025 including, among others, Network-1's uncertain revenue from licensing its intellectual property, uncertainty as to the outcome of pending litigation involving Network-1's HFT Patent Portfolio, whether Network-1 will be successful in its appeal to the Federal Circuit of the District Court judgment of non-infringement dismissing Network-1's litigation against Google and YouTube involving certain patents within our Cox Patent Portfolio, the ability of Network-1 to successfully execute its strategy to acquire or make investments in high quality patents with significant licensing opportunities, Network-1's ability to achieve revenue and profits from its Cox Patent Portfolio, M2M/IoT Patent Portfolio, HFT Patent Portfolio and Smart Home Portfolio, as well as a successful outcome on its investment in ILiAD Biotechnologies, LLC or other intellectual property it may acquire or finance in the future, the ability of Network-1 to enter into additional license agreements, uncertainty as to whether cash dividends will continue be paid, Network-1's ability to enter into strategic relationships with third parties to license or otherwise monetize their intellectual property, , the risk in the future of Network-1 being classified as a Personal Holding Company which may result in Network-1 issuing a special cash dividend to its stockholders, future economic conditions and technology changes and legislative, regulatory and competitive developments. Except as otherwise required to be disclosed in periodic reports, Network-1 expressly disclaims any future obligation or undertaking to update or revise any forward-looking statement contained herein.
Network-1's unaudited condensed consolidated statements of operations and condensed consolidated balance sheet are attached.
For additional details regarding the above referenced highlights, please see Network-1's Quarterly Report on Form 10-Q for the quarter ended March 31, 2025 filed with the SEC on May 9, 2025.
Contacts:
Network-1 Technologies, Inc. Corey M. Horowitz, Chairman and CEO (917) 692-0000
NETWORK-1 TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
Three Months Ended March 31,
2025
2024
REVENUE
$
150,000
$
-
OPERATING EXPENSES:
Costs of revenue
42,000
-
Professional fees and related costs
121,000
219,000
General and administrative
602,000
669,000
Amortization of patents
30,000
30,000
TOTAL OPERATING EXPENSES
795,000
918,000
OPERATING LOSS
(645,000
)
(918,000
)
OTHER INCOME:
Interest and dividend income, net
484,000
431,000
Net realized and unrealized gain on marketable securities
149,000
48,000
Total other income, net
633,000
479,000
LOSS BEFORE INCOME TAXES AND EQUITY IN NET LOSSES OF EQUITY METHOD INVESTEE
(12,000
)
(439,000
)
INCOME TAX PROVISION:
Current
-
-
Deferred taxes, net
(111,000
)
(147,000
)
Total income taxes benefit
(111,000
)
(147,000
)
INCOME (LOSS) BEFORE SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE
99,000
(292,000
)
SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE
(462,000
)
(628,000
)
NET LOSS
$
(363,000
)
$
(920,000
)
Net loss per share:
Basic
$
(0.02
)
$
(0.04
)
Diluted
$
(0.02
)
$
(0.04
)
Weighted average common shares outstanding:
Basic
22,914,799
23,540,468
Diluted
22,914,799
23,540,468
Cash dividends declared per share
$
0.05
$
0.05
NETWORK-1 TECHNOLOGIES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
March 31, 2025
December 31, 2024
ASSETS
(Unaudited)
CURRENT ASSETS:
Cash and cash equivalents
$
12,288,000
$
13,145,000
Marketable securities, at fair value
26,905,000
27,455,000
Other current assets
194,000
232,000
TOTAL CURRENT ASSETS
39,387,000
40,832,000
OTHER ASSETS:
Patents, net of accumulated amortization
1,589,000
1,205,000
Equity investment
2,875,000
3,337,000
Operating leases right-of-use asset
7,000
27,000
Security deposit
13,000
13,000
Total Other Assets
4,484,000
4,582,000
TOTAL ASSETS
$
43,871,000
$
45,414,000
LIABILITIES AND STOCKHOLDERS' EQUITY:
CURRENT LIABILITIES:
Accounts payable
$
706,000
$
203,000
Accrued payroll
8,000
292,000
Other accrued expenses
223,000
247,000
Operating lease obligations
7,000
24,000
Total Current Liabilities
944,000
766,000
LONG TERM LIABILITIES:
Deferred tax liability
226,000
337,000
TOTAL LIABILITIES
1,170,000
1,103,000
COMMITMENTS AND CONTINGENCIES (Note G)
STOCKHOLDERS' EQUITY
Preferred stock, $0.01 par value, authorized 10,000,000 shares; none issued and outstanding at March 31, 2025 and December 31, 2024
-
-
Common stock, $0.01 par value; authorized 50,000,000 shares; 22,882,109 and 22,961,619 shares issued and outstanding at March 31, 2025 and December 31, 2024, respectively
What was Network-1 Technologies (NTIP) revenue in Q1 2025?
Network-1 Technologies reported revenue of $150,000 in Q1 2025, generated from a litigation settlement involving its Remote Power Patent.
How much cash and marketable securities does NTIP have as of March 2025?
As of March 31, 2025, Network-1 had $39.19 million in cash and cash equivalents and marketable securities, with working capital of $38.44 million.
What is Network-1's (NTIP) dividend policy?
Network-1 pays semi-annual cash dividends of $0.05 per share ($0.10 annually) in March and September. The latest dividend was paid on March 28, 2025 to shareholders of record as of March 14, 2025.
What was Network-1's (NTIP) earnings per share in Q1 2025?
Network-1 reported a net loss of $0.02 per share (basic and diluted) for Q1 2025, compared to a loss of $0.04 per share in Q1 2024.
What new patent portfolio did Network-1 (NTIP) acquire in Q1 2025?
Network-1 acquired the Smart Home Patent Portfolio from IoT and M2M Technologies, which includes 8 U.S. patents, 1 international patent, 11 U.S. pending applications, and 5 pending international patents related to smart home IoT device interoperability.
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