Network-1 Reports 2022 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, 2023 / Network-1 Technologies, Inc. (NYSE American:NTIP) ("Network-1"), a company engaged in acquiring, developing, licensing, and monetizing intellectual property, today announced financial results for the year ended December 31, 2022.Network-1 had no revenue in the year ended December 31, 2022 as compared to the year ended December 31, 2021, where revenue of $36,029,000 was realized from resolution of a contractual dispute with Cisco Systems, Inc. and a settlement of patent litigation with Hewlett-Packard.During 2022, ILiAD Biotechnologies, LLC ("ILiAD") completed a private financing of approximately $43,000,000, in connection with which Network-1 reported an unrealized gain of $3,883,000. In addition, during the year ended December 31, 2022, Network-1's debt investment in ILiAD yielded a realized gain of $271,000 on the conversion of Network-1's $1,000,000 convertible note and accrued interest. Also, during 2022, Network-1's equity method acc
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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