8-K
filed November 7, 2023, 6:59 PM ET
ticker NTIP
CIK 0001065078
earnings
confidence high
sentiment negative
materiality 0.65
Network-1 Q3 net loss $810k ($0.03/sh) vs prior-year net income $2.2M ($0.09/sh); zero revenue
NETWORK-1 TECHNOLOGIES, INC.
2023-Q3 EPS reported
-$0.08
revenue$820,000
- Revenue for Q3 2023 and Q3 2022 was $0; nine-month 2023 revenue $820k from patent settlements.
- Net loss $810k ($0.03) vs net income $2.2M ($0.09) in Q3 2022; nine-month loss $1.9M ($0.08).
- Cash and marketable securities $44.6M; working capital $44.3M; expects sufficient cash for 12+ months.
- Board extended share repurchase to $5M; Q3 repurchased 163k shares at avg $2.27.
- Semi-annual dividend $0.05/share ($0.10 annual) maintained; Sept 2023 dividend paid.
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 quarter ended September 30, 2023 results: net income -810000, EPS -0.03.
- Period
- quarter ended September 30, 2023
- Net income
- -810000
- EPS
- -0.03
- Result
- reported results
Exact text from the filing
Network-1 had no revenue for the three month periods ended September 30, 2023 and 2022.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
NETWORK-1 TECHNOLOGIES, INC. reported quarter ended September 30, 2023 results: net income -810000, EPS -0.03.
- Period
- quarter ended September 30, 2023
- Net income
- -810000
- EPS
- -0.03
- Result
- reported results
Exact text from the filing
Network-1 realized a net loss of $810,000 or $0.03 per share basic and diluted for the three months ended September 30, 2023 compared with net income of $2,226,000 or $0.09 per share basic and diluted for the three months ended September 30, 2022.
View on SEC.gov
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