secwatch.observer — SEC 8-K summary
======================================

Issuer:     NETWORK-1 TECHNOLOGIES, INC. (NTIP)
CIK:        0001065078
Form:       8-K
Filed at:   2023-05-16T23:59:59+00:00
Accession:  0001072613-23-000344
Event type: earnings
Sentiment:  neutral
Materiality: 0.35
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1065078/000107261323000344/0001072613-23-000344-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1065078/000107261323000344/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001072613-23-000344

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer