Network-1 Reports First Quarter 2023 Results
Network-1 Technologies, Inc. (NTIP)
NASDAQ:AMEX Investor Relations:
ir.network-1.com
Company Research
Source: Accesswire
NEW CANAAN, CT / ACCESSWIRE / May 12, 2023 / Network-1 Technologies, Inc. (NYSE American:NTIP), a company engaged in the acquisition, development, licensing, and monetization of intellectual property assets, today announced financial results for the quarter ended March 31, 2023.Network-1 had revenue of $537,000 for the three months ended March 31, 2023, as compared to no revenue for the three months ended March 31, 2022. The revenue of $537,000 for the three months ended March 31, 2023 was from the settlement of several lawsuits concerning Network-1's Remote Power Patent.Network-1 reported a net loss of $623,000 or $0.03 per share basic and diluted for the three months ended March 31, 2023 compared with a net loss of $1,312,000 or $0.05 per share basic and diluted for the three months ended March 31, 2022.At March 31, 2023, Network-1's principal sources of liquidity consisted of cash and cash equivalents and marketable securities of $46,839,000 and working capital of $45,902,000. Netw
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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