Network-1(US:NTIP)2025-11-12 11:23Financial Performance - Network-1 reported no revenue for Q3 2025, with total revenue of $150,000 for the nine months ended September 30, 2025, compared to $100,000 for the same period in 2024[3] - The net loss for Q3 2025 was $560,000, or $0.02 per share, compared to a net loss of $316,000, or $0.01 per share, in Q3 2024[4] - For the nine months ended September 30, 2025, the net loss was $1,386,000, or $0.06 per share, an improvement from a net loss of $1,894,000, or $0.08 per share, in the same period of 2024[4] Cash and Assets - As of September 30, 2025, Network-1 had cash and cash equivalents and marketable securities totaling $37,097,000, with working capital of $36,856,000[6] - Total assets as of September 30, 2025, were $41,034,000, down from $45,414,000 as of December 31, 2024[16] - The accumulated deficit increased to $23,052,000 as of September 30, 2025, compared to $21,373,000 at the end of 2024[16] Shareholder Actions - During Q3 2025, Network-1 repurchased 56,705 shares at an average price of $1.38 per share, and a total of 208,178 shares for the nine months at an average price of $1.35 per share[7] - The company declared a semi-annual cash dividend of $0.05 per share, consistent with its dividend policy, which is subject to periodic review[8] Patent and Litigation - Network-1's Remote Power Patent has generated over $188 million in licensing revenue from May 2007 through September 30, 2025[9] - The company commenced patent litigation against Optiver US LLC for infringement of patents related to high-frequency trading technologies[5]