secwatch.observer — SEC 8-K summary
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Issuer:     NETWORK-1 TECHNOLOGIES, INC. (NTIP)
CIK:        0001065078
Form:       8-K
Filed at:   2024-08-15T23:59:59+00:00
Accession:  0001072613-24-000641
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1065078/000107261324000641/0001072613-24-000641-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1065078/000107261324000641/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001072613-24-000641

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