Network-1(US:NTIP)2025-05-14 14:09Financial Performance - Network-1 reported revenue of $150,000 for Q1 2025, compared to no revenue in Q1 2024, with revenue derived from a litigation settlement involving the Remote Power Patent[2] - The net loss for Q1 2025 was $363,000, or $0.02 per share, an improvement from a net loss of $920,000, or $0.04 per share, in Q1 2024[3] - Interest and dividend income increased to $484,000 in Q1 2025 from $431,000 in Q1 2024, while realized and unrealized gains on marketable securities rose to $149,000 from $48,000[4] Liquidity and Assets - As of March 31, 2025, Network-1's cash and cash equivalents and marketable securities totaled $39,193,000, with working capital of $38,443,000, indicating sufficient liquidity for operations[6] - The total assets of Network-1 as of March 31, 2025, were $43,871,000, a decrease from $45,414,000 at the end of 2024[15] Shareholder Returns - The company repurchased 106,662 shares at an average price of $1.38 during Q1 2025, with a total of 10,480,894 shares repurchased since the program's inception[7] - Network-1 declared a semi-annual cash dividend of $0.05 per share, consistent with its dividend policy, which has been paid since 2010[8] - The company has returned over $43,000,000 to shareholders through dividends and share repurchases since 2010[7] Intellectual Property - Network-1 acquired a Smart Home Patent Portfolio consisting of eight U.S. patents and one international patent, along with pending applications, enhancing its intellectual property assets[5] - Network-1's strategy includes monetizing four patent portfolios, focusing on high-quality patents with significant licensing opportunities[9]