Network-1 Q2 revenue $283K from patent settlements, net loss narrows to $476K

NETWORK-1 TECHNOLOGIES, INC.

2023-Q2 EPS reported -$0.05 revenue$820,000

Revenue $283K from Remote Power Patent lawsuit settlements; Q2 2022 had $0 revenue.
Net loss $476K ($0.02/share) vs $1.532M ($0.06/share) in Q2 2022; six-month loss $1.099M.
Cash and marketable securities $46.37M, working capital $45.884M.
Board extended share repurchase program to $5M over 24 months; bought 11,495 shares at avg $2.23.
Semi-annual dividend $0.05/share ($0.10 annual); next payment expected September 2023.

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 financial results for quarter ended June 30, 2023.

Period: quarter ended June 30, 2023
Result: reported results

Exact text from the filing

On August 10, 2023, Network-1 Technologies, Inc. issued a press release announcing its financial results for the quarter ended June 30, 2023.

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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 0001072613-23-000433

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