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Stock impact report

Network-1 Reports First Quarter 2024 Results [Yahoo! Finance]

Network-1 Technologies, Inc. (NTIP) 
NASDAQ:AMEX Investor Relations: ir.network-1.com
Company Research Source: Yahoo! Finance
monetization of intellectual property assets, today announced financial results for the quarter ended March 31, 2024. Network-1 had no revenue for the three months ended March 31, 2024, as compared to $537,000 of revenue for the three months ended March 31, 2023. The revenue of $537,000 for the three months ended March 31, 2023 was from the settlement of several patent infringement lawsuits concerning Network-1's Remote Power Patent. Network-1 reported a net loss of $920,000 or $0.04 per share basic and diluted for the three months ended March 31, 2024 compared with a net loss of $623,000 or $0.03 per share basic and diluted for the three months ended March 31, 2023. Exclusive of its share of losses of its equity method investee ILiAD Biotechnologies, LLC of $628,000, Network-1 incurred a loss of $292,000 for the three months ended March 31, 2024, compared with income of $51,000 for the three months ended March 31, 2023. At March 31, 2024, Network-1's principal sources of liquid Show less Read more
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