Quarterly ResultMay 8, 2026, 04:52 PM
NETWORK-1 Q1 Net Loss $(511K) on Zero Revenue
AI Summary
NETWORK-1 TECHNOLOGIES, INC. reported a net loss of $(511,000) for the first quarter ended March 31, 2026, compared to a net loss of $(363,000) in the prior year. The company recorded no revenue for the quarter, down from $150,000 in Q1 2025. Despite the operating loss, the company recognized a significant gain of $1,052,000 on equity investments. Cash and cash equivalents decreased to $8.61 million, while marketable securities increased to $25.98 million.
Key Highlights
- Net loss for Q1 2026 was $(511,000), compared to $(363,000) in Q1 2025.
- Revenue for Q1 2026 was $0, down from $150,000 in Q1 2025.
- Operating loss increased to $(1,415,000) in Q1 2026 from $(645,000) in Q1 2025.
- Recognized a gain on equity investment of $1,052,000 in Q1 2026.
- Cash and cash equivalents stood at $8,610,000 as of March 31, 2026.
- Marketable securities increased to $25,979,000 as of March 31, 2026.
- Total assets decreased to $39,393,000 as of March 31, 2026.
- Cash dividends declared per share remained $0.05 for both periods.