Network-1 Reports 2023 Year-End Financial Results [Yahoo! Finance]
Network-1 Technologies, Inc. (NTIP)
NASDAQ:AMEX Investor Relations:
ir.network-1.com
Company Research
Source: Yahoo! Finance
acquiring, developing, licensing, and monetizing intellectual property, today announced financial results for the year ended December 31, 2023. Network-1 had revenue of $2,601,000 for the year ended December 31, 2023 as compared to no revenue in the year ended December 31, 2022. Revenue realized in 2023 was from settlement agreements in litigations related to Network-1's Remote Power Patent Network-1incurred increases in operating expenses of $933,000 in 2023 compared to 2022, primarily due to increases in costs of revenue of $874,000 related to contingent legal fees and incentive bonus compensation in connection with the litigation settlements. Interest and dividend income for 2023 was $1,868,000 as compared to interest and dividend income of $1,020,000 for 2022. The increase in interest and dividend income of $848,000 for 2023 was primarily due to higher yielding fixed income investments due to generally higher interest rates during 2023. In addition, for 2023, Network-1 recorde
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- Network-1 Technologies GAAP EPS of -$0.06, revenue of $2.6B [Seeking Alpha]Seeking Alpha
- Network-1 Reports 2023 Year-End Financial ResultsAccesswire
- Network-1 Receives New Patent from U.S. Patent Office Expanding Its M2M/IoT Patent Portfolio to 51 Patents WorldwideAccesswire
NTIP
Sec Filings
- 4/26/24 - Form 8-K
- 3/26/24 - Form 4
- 3/13/24 - Form 8-K
- NTIP's page on the SEC website