Fri, Feb 28, 9:40 PM (56 days ago)
**Network-1 Technologies, Inc. (NTIP) - 2024 10-K Summary** For the fiscal year ending December 31, 2024, Network-1 Technologies, Inc. reported revenues of $100,000, a significant decrease from $2,601,000 in 2023, entirely derived from litigation settlements related to its expired Remote Power Patent. The company recorded an operating loss of $3,621,000, compared to a loss of $2,235,000 in the prior year. Net losses rose to $3,034,000, or $0.13 per share, from $1,457,000 in 2023. Total assets decreased to $45,414,000, with cash and marketable securities at $40,600,000. The company continues to face litigation risks, particularly with its HFT Patent Portfolio, and is appealing a dismissal against Google and YouTube regarding its Cox Patent Portfolio. Future revenue is contingent on successful monetization of its remaining patents and ongoing litigation outcomes. The strategic focus remains on acquiring high-quality patents to enhance licensing opportunities. Cash dividends of $0.10 per share were maintained, reflecting a commitment to shareholder returns despite the challenging revenue landscape. The company also repurchased shares, with a remaining authorization of $3,120,855 under its repurchase program.