Network 1 Q1 FY26 net loss widens to $511,000; revenue posts no revenue
Network-1 Technologies, Inc. NTIP | 0.00 |
- Network 1 Technologies posted a net loss of $511,000, or $0.02 per share, for quarter ended March 31, 2026, widening from a net loss of $363,000, or $0.02 per share, a year earlier.
- Revenue was no revenue, swinging from $150,000 in prior-year quarter.
- Operating expenses climbed to $1.42 million from $795,000, due to higher professional fees and litigation-related costs.
- Results included a $1.05 million gain on equity investment tied to ILiAD financing, while realized and unrealized results on marketable securities swung to a $287,000 loss from a $149,000 gain.
- Cash and cash equivalents and marketable securities totaled $34.59 million at March 31, 2026, with working capital of $33.67 million; ILiAD ownership fell to about 2.5% on a fully diluted basis following a $115 million preferred stock financing.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Network 1 Technologies Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001072613-26-000387), on May 08, 2026, and is solely responsible for the information contained therein.
