Welcome to our dedicated page for Network 1 Techno news (Ticker: NTIP), a resource for investors and traders seeking the latest updates and insights on Network 1 Techno stock.
Network-1 Technologies, Inc. (NTIP) is a NYSE American-listed company that focuses on the acquisition, development, licensing and protection of intellectual property and proprietary technologies. Its news flow is closely tied to patent portfolio developments, licensing activity, litigation updates and capital allocation decisions, rather than traditional product launches or manufacturing milestones.
Company press releases emphasize Network-1’s efforts to monetize several defined patent portfolios, including its M2M/IoT, HFT, Cox and Smart Home portfolios, as well as historical licensing performance from its Remote Power Patent and Mirror Worlds Patent Portfolio. News items frequently highlight new patent acquisitions, such as portfolios covering interoperability of smart home IoT devices, advanced security against quantum computers and Internet transport layer security, along with updates on the size and term of its U.S. and international patent holdings.
Investors following NTIP news can expect regular updates on patent litigation filed in U.S. federal courts, including cases against technology and trading firms over alleged infringement of eSIM, 5G and high frequency trading patents. Earnings releases provide detail on revenue from litigation settlements, operating expenses, net income or loss, and the company’s liquidity position, including cash, cash equivalents and marketable securities.
Network-1 also issues announcements on its semi-annual dividend declarations, its Share Repurchase Program and related Rule 10b5-1 trading plans, which authorize brokers to repurchase shares within specified parameters. For investors and observers interested in intellectual property monetization, patent enforcement activity and related financial results, this news page offers an organized view of Network-1’s public communications over time.
Network-1 Technologies, Inc. (NTIP) reported no revenue for the quarter and nine months ended September 30, 2022, down from $17 million and $35.7 million in the same periods of 2021. The decline was primarily due to the absence of prior year litigation settlements. Net income decreased to $2.2 million ($0.09 per share) for Q3 2022 from $6.6 million ($0.28 per share) in Q3 2021. For the nine months, NTIP recorded a net loss of $618,000 compared to a profit of $15.3 million in 2021. The company maintains a strong cash position of $48.9 million. It initiated several legal actions for patent infringement during October and November 2022.
Network-1 Technologies, Inc. (NYSE American:NTIP) has announced a semi-annual cash dividend of $0.05 per common share, payable on September 30, 2022, to stockholders of record as of September 20, 2022. This dividend declaration reflects the company's ongoing commitment to returning value to shareholders.
The dividend policy is periodically reviewed by the Board of Directors and may change based on operational results and financial needs.
Summary not available.
Network-1 Technologies, Inc. (NYSE American: NTIP) reported no revenue for Q2 2022, compared to $18.7 million in Q2 2021, attributed to a prior licensing resolution with Cisco Systems.
The company posted a net loss of $1.5 million ($0.06 per share) for the quarter and a total net loss of $2.8 million ($0.12 per share) for the first half of 2022, a stark contrast to a net income of $8.7 million in the same period last year. As of June 30, 2022, Network-1's cash and equivalents stood at $52.1 million, with sufficient funds to support operations for the next year.
Network-1 Technologies, Inc. (NTIP) reported no revenue of $0 for Q1 2022, a significant decrease from $18.7 million in Q1 2021, primarily attributed to the resolution of a licensing dispute with Cisco. The company posted a net loss of $1.3 million or $(0.05) per share, contrasting with a net income of $9.5 million or $0.39 per share in the previous year. At March 31, 2022, Network-1 had $56.5 million in cash and marketable securities. The company is focused on monetizing its patent portfolios, including a recent acquisition in high-frequency trading technology.
Network-1 Technologies (NYSE American:NTIP) announced the issuance of U.S. Patent No. 11,329,655 by the U.S. Patent and Trademark Office to its subsidiary, HFT Solutions, related to high frequency trading technologies. This patent enhances the company's HFT Patent Portfolio, which now comprises seven issued patents and three pending applications, expected to remain valid until 2039. Network-1 aims to further expand this portfolio, capitalizing on advanced trading technology to address latency issues critical in high-speed trading environments.
Network-1 Technologies, Inc. (NTIP) reported substantial financial growth for the year ended December 31, 2021, with revenues soaring to $36,029,000, a dramatic increase from $4,403,000 in 2020. This growth was driven by a $18,692,000 settlement with Cisco and $17,000,000 from Hewlett-Packard. Net income reached $14,281,000 or $0.59 per share, reversing a loss of $1,709,000 in the prior year. The company held $59,623,000 in cash and equivalents at year-end, supporting ongoing operations and potential acquisitions.
Network-1 Technologies, Inc. (NYSE American:NTIP) announced the acquisition of a patent portfolio related to high frequency trading through its subsidiary, HFT Solutions, LLC. The portfolio includes six issued and two pending U.S. patents addressing speed and latency issues in trading systems. CEO Corey M. Horowitz expressed optimism about the robust high frequency trading market and plans to commence licensing activities soon. Network-1's strategy includes monetizing four patent portfolios with a history of substantial licensing revenue.
Network-1 Technologies announced that the U.S. District Court for the Southern District of New York partially ruled on summary judgment in its litigation against Facebook. The court found that the patents asserted by Network-1 are patent eligible but granted Facebook's motion for non-infringement, dismissing the case. Network-1 plans to evaluate an appeal. To date, the company has generated $47.15 million in licensing revenue from its Mirror Worlds patent portfolio, which includes agreements with major companies like Apple and Microsoft.
Network-1 Technologies (NYSE American: NTIP) announced a semi-annual cash dividend of $0.05 per common share. This dividend is payable on March 24, 2022, to all stockholders of record as of March 9, 2022. The Board's dividend policy is subject to periodic review and may change based on the company's earnings and financial requirements. Network-1 is engaged in the development and licensing of intellectual property, currently holding 88 patents related to telecommunications and networking technologies.