Network-1 Reports 2020 Year-End Financial Results
Network-1 Technologies, Inc. (NTIP)
NASDAQ:AMEX Investor Relations:
ir.network-1.com
Company Research
Source: Accesswire
NEW YORK, NY / ACCESSWIRE / March 31, 2021 / Network-1 Technologies, Inc. (NYSE American: NTIP), a company specializing in the development, licensing, and protection of its intellectual property assets, today announced financial results for the year ended December 31, 2020.Network-1 had revenue of $4,403,000 for the year ended December 31, 2020 as compared to revenue of $3,037,000 for the year ended December 31, 2019. The increase in revenue of $1,366,000 for 2020 was primarily due to revenue of $4,150,000 from a litigation settlement.Network-1 reported a net loss of $1,709,000 or $(0.07) per share basic and diluted for 2020 compared with a net loss of $1,792,000 or $(0.07) per share basic and diluted for 2019.At December 31, 2020, Network-1's principal sources of liquidity consisted of cash and cash equivalents and marketable securities of $44,871,000 and working capital of $42,959,000. Management believes based on Network-1's current cash position that Network-1 will have sufficient
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NTIP
Sec Filings
- 5/10/24 - Form 10-Q
- 4/26/24 - Form 8-K
- 3/26/24 - Form 4
- NTIP's page on the SEC website