Network-1 reports zero revenue in Q1 2024; net loss $0.04 per share

NETWORK-1 TECHNOLOGIES, INC.

2024-Q1 EPS reported -$0.04

Revenue $0 vs $537k in Q1 2023; net loss $920k ($0.04) vs $623k ($0.03) YoY.
Excluding ILiAD loss, loss of $292k vs income of $51k a year ago.
Cash and equivalents $43.4M; working capital $43.1M.
Repurchased 83,744 shares at avg $2.17; remaining authorization $4.2M.
Semi-annual dividend $0.05 paid Mar 29, 2024; policy under periodic review.

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 three months ended March 31, 2024 results: revenue no revenue, net income a net loss of $920,000, EPS $0.04 per share basic and diluted.

Period: three months ended March 31, 2024
Revenue: no revenue
Net income: a net loss of $920,000
EPS: $0.04 per share basic and diluted
Result: reported results

Exact text from the filing

Network-1 reported a net loss of $920,000 or $0.04 per share basic and diluted for the three months ended March 31, 2024 compared with a net loss of $623,000 or $0.03 per share basic and diluted for the three months ended March 31, 2023.

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Source: SEC EDGAR

accession 0001072613-24-000474

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