Network-1(US:NTIP)2024-05-14 19:51Revenue and Loss - Network-1 reported no revenue for Q1 2024, a decrease from $537,000 in Q1 2023, which was generated from patent infringement lawsuit settlements[3] - The net loss for Q1 2024 was $920,000, or $0.04 per share, compared to a net loss of $623,000, or $0.03 per share, in Q1 2023[4] - The company incurred a loss of $292,000 excluding its share of losses from equity method investee ILiAD Biotechnologies, LLC, compared to an income of $51,000 in Q1 2023[4] Liquidity and Assets - As of March 31, 2024, Network-1 had cash and cash equivalents of $18,105,000 and marketable securities valued at $25,289,000, totaling $43,394,000 in liquidity[5] - Network-1's total assets decreased to $49,617,000 as of March 31, 2024, down from $52,277,000 at the end of 2023[12] Share Repurchase and Dividends - The company repurchased 83,744 shares at an average price of $2.17 during Q1 2024, with a total repurchase cost of $182,070[6] - Network-1 continues to pay semi-annual dividends of $0.05 per share, with the latest payment made on March 29, 2024[7] Operating Expenses and Revenue Generation - Total operating expenses for Q1 2024 were $918,000, down from $1,313,000 in Q1 2023[14] - The Remote Power Patent has generated over $188,000,000 in licensing revenue since May 2007, while the Mirror Worlds Patent Portfolio has achieved $47,150,000 in revenue through March 31, 2024[8] Shares Outstanding - The company reported a weighted average of 23,540,468 common shares outstanding for Q1 2024[14]