Sector: Consumer Cyclicals | Industry: Entertainment Production |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 65 Locust Avenue NEW CANAAN CT 06840 |
Tel: | N/A |
Website: | https://www.network-1.com |
IR: | See website |
Key People | ||
Corey M. Horowitz Chairman of the Board, Chief Executive Officer | Robert Mahan Chief Financial Officer | Jonathan M. Greene Executive Vice President |
Business Overview |
Network-1 Technologies, Inc. is engaged in the development, licensing and protection of its intellectual property and proprietary technologies. The Company works with inventors and patent owners to assist in the development and monetization of their patented technologies. It owns 100 United States patents covering various telecommunications and data networking technologies, as well as technologies relating to document stream operating systems, the identification of media content and high frequency trading. It also owns 15 foreign patents relating to patents within its Cox Patent Portfolio, M2M/IoT Patent Portfolio, HFT Patent Portfolio, Mirror World Patent Portfolio and its Remote Power Patent. Its Cox Patent Portfolio consists of 39 United States patents relating to enabling technology for identifying media content on the Internet, such as audio and video, and taking further actions to be performed based on such identification. |
Financial Overview |
For the fiscal year ended 31 December 2023, Network-1 Technologies Inc revenues increased from $0K to $2.6M. Net loss decreased 37% to $1.5M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Net realized and unrealized gain (loss) increase from $1.4M (expense) to $525K (income), Interest and dividend income, net increase of 83% to $1.9M (income). |
Employees: | 2 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $1.32M as of Dec 31, 2023 |
Annual revenue (TTM): | $2.60M as of Dec 31, 2023 |
EBITDA (TTM): | -$1.97M as of Dec 31, 2023 |
Net annual income (TTM): | -$1.46M as of Dec 31, 2023 |
Free cash flow (TTM): | -$2.04M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | N/A |
Shares outstanding: | 23,510,019 as of Mar 1, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |