Network-1 Reports 2021 Year-End Financial Results
Network-1 Technologies, Inc. (NTIP)
NASDAQ:AMEX Investor Relations:
ir.network-1.com
Company Research
Source: Accesswire
NEW CANAAN, CT / ACCESSWIRE / March 30, 2022 / Network-1 Technologies, Inc. (NYSE American:NTIP), a company engaged in acquiring, developing, licensing, and monetizing intellectual property, today announced financial results for the year ended December 31, 2021.Network-1 had revenue of $36,029,000 for the year ended December 31, 2021 as compared to revenue of $4,403,000 for the year ended December 31, 2020. The increase in revenue of $31,626,000 for 2021 was primarily due to revenue of $18,692,000 from the resolution of a contractual dispute with Cisco Systems, Inc. and revenue of $17,000,000 from a patent litigation settlement with Hewlett-Packard.Network-1 reported net income of $14,281,000 or $0.59 per share basic and $0.58 diluted for 2021 compared with a net loss of $1,709,000 or $(0.07) per share basic and diluted for 2020.At December 31, 2021, Network-1's principal sources of liquidity consisted of cash and cash equivalents and marketable securities of $59,623,000 and working c
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NTIP
Sec Filings
- 3/26/24 - Form 4
- 3/13/24 - Form 8-K
- 3/8/24 - Form 10-K
- NTIP's page on the SEC website