sur Network-1 Technologies, Inc. (NASDAQ:NTIP)
Network-1 Technologies Reports First Quarter 2025 Financial Outcomes
Network-1 Technologies, Inc., headquartered in New Canaan, CT, announced its financial results for Q1 ending March 31, 2025. The company, listed on NYSE American as NTIP, focuses on intellectual property management.
During this period, Network-1 recorded a revenue of $150,000, derived from a litigation settlement related to its Remote Power Patent. This marks a change from the same quarter in 2024, which saw no revenue. Operating expenses decreased significantly by $123,000, attributed mainly to a reduction in litigation-related professional fees.
The company reported a net loss of $363,000, a notable improvement from the $920,000 loss in Q1 2024. This financial quarter also saw interest and dividend income rise to $484,000 from $431,000 the previous year.
On March 31, Network-1 expanded its patent portfolio with technology from IoT and M2M Technologies, emphasizing smart home device interoperability.
R. P.
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