Welcome to our dedicated page for Network 1 Techno news (Ticker: NTIP), a resource for investors and traders seeking the latest updates and insights on Network 1 Techno stock.
Network-1 Technologies, Inc. (NYSE American: NTIP) specializes in the development, licensing, and protection of intellectual property (IP) rights. The company collaborates with inventors and patent owners to facilitate the development and monetization of patented technologies. Currently, Network-1 owns 102 U.S. patents and 15 international patents, covering various telecommunications, data networking technologies, document stream operating systems, and media content identification technologies.
Network-1's strategy focuses on acquiring and investing in high-quality patents with significant licensing potential. It actively pursues licensing opportunities for its intellectual property assets. Its core patent portfolios include the Cox, M2M/IoT, HFT, Mirror Worlds, and Remote Power patents. Notably, the Remote Power Patent has generated over $188 million in licensing revenue since May 2007, while the Mirror Worlds Patent Portfolio has brought in $47.15 million to date.
Network-1 continues to expand its patent portfolio. The recent issuance of U.S. Patent No. 11,916,893 enhances its M2M/IoT Patent Portfolio, which now includes 37 issued U.S. patents and several pending applications. These patents cover enabling technologies for eSIMs, 5G network authentication, and modern Internet transport layer security solutions.
Financially, Network-1 reported a net revenue of $2.601 million for the year ended December 31, 2023, primarily from litigation settlements related to its Remote Power Patent. Despite a net loss of $1.457 million, the company's robust cash position of $43.394 million and marketable securities of $43.067 million ensure sufficient liquidity for future operations.
In addition to its core business, Network-1 has a significant investment in ILiAD Biotechnologies, LLC, owning approximately 6.8% of the clinical-stage biotechnology firm. ILiAD's BPZE1 vaccine for whooping cough has shown promising results in Phase 2b clinical trials.
Network-1 also implements a Share Repurchase Program and a consistent dividend policy. The company has repurchased over 9.72 million shares since the program's inception and continues to pay semi-annual cash dividends of $0.05 per share.
Network-1 Technologies (NYSE:NTIP) reported financial results for FY2024, showing significant revenue decline to $100,000 from $2,601,000 in 2023. The company posted a wider net loss of $3,034,000 ($0.13 per share) compared to $1,457,000 ($0.06 per share) in 2023.
Operating expenses decreased by $1,115,000, primarily due to reduced litigation settlement costs. Interest and dividend income remained stable at $1,897,000, while realized gains on marketable securities declined to $177,000 from $525,000.
The company maintains strong liquidity with $40.6 million in cash and marketable securities. Under its Share Repurchase Program, Network-1 bought back 733,436 shares at approximately $1.27 million in 2024. The company continues its semi-annual dividend policy of $0.05 per share.
Network-1 Technologies (NYSE American:NTIP) has announced a semi-annual cash dividend of $0.05 per common share. The dividend will be payable on March 28, 2025 to stockholders of record as of March 14, 2025.
The company's Board of Directors periodically reviews the dividend policy, which may be subject to change based on factors including earnings, financial requirements, and other relevant conditions. Future semi-annual dividend declarations and associated dates remain subject to the Board's final determination and discretion.
Network-1 Technologies (NYSE American:NTIP) has announced that its subsidiary, HFT Solutions Technologies, has initiated patent litigation against Citadel Securities and Jump Trading for alleged infringement of three U.S. patents. The litigation focuses on the HFT Patent Portfolio, acquired in March 2022, which covers technologies used in high-frequency trading with FPGA hardware, particularly clock domain management technology for critical transaction latency improvements.
The HFT Patent Portfolio includes 11 issued U.S. patents and 2 pending applications, with terms extending until 2040. Network-1 currently owns 106 U.S. patents and has generated over $188 million in licensing revenue from its Remote Power Patent and $47.15 million from its Mirror Worlds Patent Portfolio through September 30, 2024.
Network-1 Technologies (NYSE American:NTIP) has received U.S. Patent No. 12,166,869 for key derivation in embedded universal integrated circuit cards, expanding its M2M/IoT Patent Portfolio to 55 patents worldwide. The portfolio now includes 40 U.S. patents, 7 pending applications, and 15 non-U.S. patents, with terms extending to 2033-2034.
The technology enables authentication and use of embedded SIM cards (e-SIMs) in IoT devices, Machine-to-Machine systems, and mobile devices. According to the Trusted Connectivity Alliance, e-SIM profile downloads increased by 109% in 2023, with total e-SIM enabled device shipments reaching 374 million units. The portfolio also covers 5G network authentication and Internet transport layer security solutions.
Network-1 Technologies (NYSE American:NTIP) reported financial results for Q3 2024. The company recorded no revenue for Q3 2024 and 2023, with revenue of $100,000 for the nine months ended September 30, 2024, down from $820,000 in the same period of 2023. The company reported a net loss of $316,000 ($0.01 per share) for Q3 2024, compared to a loss of $810,000 ($0.03 per share) in Q3 2023. As of September 30, 2024, Network-1 had cash and marketable securities of $41.5 million and working capital of $41.1 million. The company maintained its semi-annual dividend of $0.05 per share and continued its share repurchase program, buying back 119,615 shares in Q3 2024.
Network-1 Technologies, Inc. (NYSE American:NTIP) has announced that its subsidiary, HFT Solutions, , has been granted U.S. Patent No. 12,113,539 by the U.S. Patent and Trademark Office. This new patent, titled 'Field Programmable Gate Array with Internal Phase-Locked Loop', expands the company's High Frequency Trading (HFT) Patent Portfolio to include 11 issued U.S. patents.
The HFT Patent Portfolio, acquired in March 2022, now comprises 11 issued U.S. patents and 2 pending applications. These patents cover advanced technologies used in high frequency trading, including clock domain management technology that provides critical transaction latency gains. The patent terms are expected to extend until 2040.
Network-1 Technologies focuses on acquiring and monetizing high-quality patents. The company's current strategy includes efforts to monetize five patent portfolios, including the HFT portfolio. Notably, Network-1's Remote Power Patent has generated over $188 million in licensing revenue from May 2007 through June 30, 2024.
Network-1 Technologies, Inc. (NYSE American:NTIP) announced that its subsidiary, HFT Solutions, , has been granted U.S. Patent No. 12,107,587 for Field Programmable Gate Array with Internal Phase-Locked Loop. This patent is part of the HFT Patent Portfolio acquired in March 2022, which now includes 10 issued U.S. patents and 3 pending applications. The portfolio focuses on high frequency trading technologies, particularly custom FPGA hardware and clock domain management for critical transaction latency gains.
The HFT Patent Portfolio's terms are expected to extend until 2040. Network-1 Technologies, engaged in intellectual property acquisition and monetization, now owns 103 U.S. patents and 16 international patents covering various technologies. The company's strategy involves monetizing five patent portfolios, including the HFT portfolio. Notable success includes generating over $188 million in licensing revenue from its Remote Power Patent and $47.15 million from its Mirror Worlds Patent Portfolio.
Network-1 Technologies, Inc. (NYSE American: NTIP) has announced a semi-annual cash dividend of $0.05 per common share. The dividend is payable on September 26, 2024 to stockholders of record as of September 12, 2024. This decision is part of Network-1's dividend policy, which is subject to periodic review and potential changes based on the company's earnings, financial requirements, and other factors.
Network-1 is a company focused on developing, licensing, and protecting intellectual property. It currently owns 102 U.S. patents and 16 international patents covering various technologies in telecommunications, data networking, document stream operating systems, media content identification, and high-frequency trading. The company's strategy involves pursuing licensing opportunities for its intellectual property, with a focus on acquiring high-quality patents.
Network-1 Technologies, Inc. (NYSE American:NTIP) reported financial results for Q2 2024. Key points include:
- Revenue of $100,000 for Q2 and H1 2024, down from $283,000 and $820,000 in the same periods of 2023
- Net loss of $658,000 ($0.03 per share) for Q2 2024, compared to a net loss of $476,000 ($0.02 per share) in Q2 2023
- Cash and cash equivalents of $42,599,000 as of June 30, 2024
- Repurchased 373,701 shares at an average price of $1.84 in Q2 2024
- Continued semi-annual dividend of $0.05 per share
The company focuses on acquiring and monetizing intellectual property, with 102 U.S. patents and 16 international patents in various technology areas.
Network-1 Technologies, Inc. (NTIP) reported no revenue for Q1 2024, a decrease from $537,000 in Q1 2023 due to patent settlement. The company had a net loss of $920,000 compared to $623,000 in the same period last year. Despite losses, Network-1 holds cash and marketable securities totaling $43,394,000 and maintains a Share Repurchase Program. The company continues to pay semi-annual dividends of $0.05 per share.
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