Network-1 Technologies Files Q2 2024 10-Q

TL;DR

Network-1 Q2 10-Q is in! Check financials for latest performance.

AI Summary

Network-1 Technologies, Inc. filed its 10-Q for the period ending June 30, 2024. The company reported financial results for the second quarter and the first half of the year. Key financial data and operational updates are detailed within the filing.

Why It Matters

This filing provides investors with the latest financial performance and operational status of Network-1 Technologies, Inc., crucial for understanding its current market position and future prospects.

Risk Assessment

Risk Level: medium — As a 10-Q filing, it contains detailed financial information and risk factors that could impact the company's performance.

Key Numbers

• 20240630 — Period End Date (Indicates the end of the reporting period for the 10-Q.)
• 20240812 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• NETWORK-1 TECHNOLOGIES, INC. (company) — Filer
• 0001072613-24-000616 (other) — Accession Number
• 20240630 (date) — Period of Report
• 20240812 (date) — Filing Date
• 65 LOCUST AVENUE, NEW CANAAN, CT 06840 (address) — Business and Mail Address

FAQ

Key Financial Figures

• $0.01 — ch registered Common Stock, par value $0.01 per share NTIP NYSE American Indic

Filing Documents

• network1_10q-063024.htm (10-Q) — 719KB
• exh31-1_18861.htm (EX-31.1) — 11KB
• exh31-2_18861.htm (EX-31.2) — 10KB
• exh32-1_18861.htm (EX-32.1) — 6KB
• exh32-2_18861.htm (EX-32.2) — 5KB
• 0001072613-24-000616.txt ( ) — 3754KB
• nssi-20240630.xsd (EX-101.SCH) — 44KB
• nssi-20240630_cal.xml (EX-101.CAL) — 45KB
• nssi-20240630_def.xml (EX-101.DEF) — 73KB
• nssi-20240630_lab.xml (EX-101.LAB) — 244KB
• nssi-20240630_pre.xml (EX-101.PRE) — 193KB
• network1_10q-063024_htm.xml (XML) — 478KB

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 22 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 27 Item 4.

Controls and Procedures

Controls and Procedures 27 PART II. Other Information Item 1.

Legal Proceedings

Legal Proceedings 28 Item 1A.

Risk Factors

Risk Factors 28 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 28 Item 3. Defaults Upon Senior Securities 29 Item 5. Other Information 29 Item 6. Exhibits 30

Signatures

Signatures 31 2 SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains "forward-looking statements" that involve risks and uncertainties, as well as assumptions that, if they never materialize or prove incorrect, could cause our results to differ materially from those expressed or implied by such forward-looking statements. The statements contained in this Quarterly Report on Form 10-Q that are not purely historical are forward-looking of 1934, as amended. Such forward-looking statements include any expectation of earnings, revenue or other financial items; any statements of the plans, strategies and objectives of management for future operations; factors that may affect our operating results; statements related to future performance and other matters that do not relate strictly to historical facts or statements of assumptions underlying any of the foregoing. Forward-looking statements are often identified by the use of words such as, but not limited to, "anticipate," "believe," "can," "continue," "could," "estimate," "expect," "intend," "may," "will," "plan," "project," "seek," "should," "target," "would," and similar expressions or variations intended to identify forward-looking statements. These events to differ materially from future results expressed or implied by such forward-looking statements. Except as required by law, we undertake no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements. Factors that could cause or contribute to such diff

BUSINESS

BUSINESS The Company is engaged in the development, licensing and protection of its intellectual property assets. The Company presently owns one-hundred two ( 102 ) U.S. patents, fifty-four ( 54 ) of such patents have expired, and sixteen ( 16 ) foreign patents related to (i) the Cox patent portfolio (the "Cox Patent Portfolio) relating to enabling technology for identifying media content on the Internet and taking further actions to be performed after such identification; (ii) the M2M/IoT patent portfolio (the "M2M/IoT Patent Portfolio") relating to, among other things, enabling technology for authenticating and using eSIM (embedded Subscriber Identification Module) technology in Internet of Things ("IoT"), Machine-to-Machine, and other mobile devices, including smartphones, tablets and computers, as well as automobiles; (iii) the HFT patent portfolio (the "HFT Patent Portfolio") covering certain advanced technologies relating to high frequency trading, which inventions specifically address technological problems associated with speed and latency and provide critical latency gains in trading systems where the difference between success and failure may be measured in nanoseconds; (iv) the Mirror Worlds patent portfolio (the "Mirror Worlds Patent Portfolio") relating to foundational technologies that enable unified search and indexing, displaying and archiving of documents in a computer system; and (v) the remote power patent (the "Remote Power Patent") covering delivery of Power over Ethernet (PoE) cables for the purpose of remotely powering network devices, such as wireless access ports, IP phones and network based cameras. 8 NOTE A – BASIS OF PRESENTATION AND NATURE OF BUSINESS (continued) The Company's current strategy includes continuing to pursue licensing opportunities for its patent portfolios. In addition, the Company reviews opportunities to acquire or license additional intellectual property as well as other strategic alternatives. The Company's pat

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View this 10-Q filing on SEC EDGAR