Network-1 Q1 2023 revenue $537K from patent settlement; net loss narrows to $623K

NETWORK-1 TECHNOLOGIES, INC.

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

Revenue $537K vs $0 in Q1 2022; derived from settlement of Remote Power Patent lawsuits.
Net loss $623K ($0.03/shr) compared to $1.31M ($0.05/shr) in Q1 2022.
Cash and marketable securities $46.8M; working capital $45.9M; sufficient for foreseeable future.
Share repurchases during Q1: 136,785 shares at $2.21 avg; $3.1M remaining under program.
Semi-annual $0.05 dividend paid March 31, 2023; policy unchanged at $0.10 annual rate.

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 0.9

NETWORK-1 TECHNOLOGIES, INC. reported financial results for quarter ended March 31, 2023.

Period: quarter ended March 31, 2023
Result: reported results

Exact text from the filing

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.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

NETWORK-1 TECHNOLOGIES, INC. reported financial results for quarter ended March 31, 2023.

Period: quarter ended March 31, 2023
Result: reported results

Exact text from the filing

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.

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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 0001072613-23-000344

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