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 announced a significant legal victory as the U.S. Court of Appeals overturned a previous judgment of non-infringement regarding its Remote Power Patent against Hewlett-Packard. The court's decision mandates a new trial on infringement and validity, potentially obligating licensees, including Cisco, to pay overdue royalties from Q4 2017 to March 7, 2020. The Remote Power Patent has generated over $147 million in licensing revenue since 2007, and the company continues to pursue monetization opportunities across various patent portfolios.
Network-1 Technologies (NTIP) has declared a semi-annual cash dividend of $0.05 per common share, payable on September 30, 2020, to stockholders of record as of September 14, 2020. The Board of Directors will periodically review the dividend policy, which may change based on the company's earnings and financial needs. Network-1 holds 84 patents in telecommunications and data networking and has generated over $147 million from its Remote Power Patent since May 2007, with $47.15 million from the Mirror Worlds Patent Portfolio.
Network-1 Technologies (NYSE American:NTIP) declared a semi-annual cash dividend of $0.05 per common share, payable on September 30, 2020, to stockholders of record as of September 14, 2020. The Board's dividend policy is subject to periodic review and may change based on the company's earnings and financial needs. Network-1 focuses on developing and licensing intellectual property, holding 84 patents related to telecommunications and data networking, and has generated over $147 million in licensing revenue from its Remote Power Patent since 2007.
Network-1 Technologies reported financial results for the quarter ending June 30, 2020. Revenue declined to $55,000 for Q2 2020 from $599,000 in Q2 2019, primarily due to the expiration of its Remote Power Patent on March 7, 2020. The company faced a net loss of $584,000 or $(0.02) per share, worsening from a net loss of $208,000 or $(0.01) per share in the previous year. For the first half of 2020, the net loss was $1,921,000 compared to $448,000 in the same period of 2019. Network-1's cash position remains strong with $44,735,000 in cash and equivalents.