Network-1 reports zero revenue for FY 2022; net loss of $2.3M vs $14.3M profit in 2021

NETWORK-1 TECHNOLOGIES, INC.

2023-Q1 EPS reported -$0.03 revenue$537,000

Revenue $0 in 2022 vs $36.0M in 2021 from Cisco settlement and HP litigation.
Net loss $2.326M ($0.10 EPS) vs net income $14.281M ($0.59 EPS) in prior year.
ILiAD financing drove $3.9M unrealized gain; equity method loss of $1.6M.
Cash & marketable securities $48.4M; working capital $47.4M; semi-annual dividend $0.05/share continued.
Nine Remote Power Patent litigations initiated; settlements through Mar 2023 totaled $537k plus conditional $150k.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

NETWORK-1 TECHNOLOGIES, INC. reported year ended December 31, 2022 results: revenue no revenue in the year ended December 31, 2022, net income net loss of $2,326,000, or $0.10 per share on a basic and diluted basis, EPS $0.10 per share on a basic and diluted basis.

Period: year ended December 31, 2022
Revenue: no revenue in the year ended December 31, 2022
Net income: net loss of $2,326,000, or $0.10 per share on a basic and diluted basis
EPS: $0.10 per share on a basic and diluted basis
Result: reported results

Exact text from the filing

Network-1 reported a net loss of $2,326,000, or $0.10 per share on a basic and diluted basis, for the year ended December 31, 2022

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20 earnings releases filed in the last 30 days. Browse all earnings releases →

NETWORK-1 TECHNOLOGIES, INC. filing history →

Source: SEC EDGAR

accession 0001072613-23-000291

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