Network-1 Q2 revenue falls to $100K; net loss per share $0.03 vs $0.02 year ago

NETWORK-1 TECHNOLOGIES, INC.

2024-Q2 EPS reported -$0.07 revenue$100,000

Revenue of $100,000 for Q2 and H1 2024, down from $283,000 and $820,000 year ago, from Remote Power Patent lawsuit settlement.
Net loss $658,000 ($0.03/sh) in Q2 2024 vs $476,000 ($0.02) in Q2 2023; H1 loss $1.578M ($0.07) vs $1.099M ($0.05).
Cash and marketable securities $42.6M; working capital $42.4M at June 30, 2024.
Repurchased 373,701 shares at avg $1.84 in Q2; remaining buyback authority $3.5M.
Dividend policy unchanged: $0.05 semi-annual ($0.10 annual); next payment expected in September 2024.

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