Quarterly ResultAug 10, 2026, 04:58 PM
Network-1 Reports Q2 Net Loss of $655K; No Revenue
AI Summary
Network-1 Technologies, Inc. reported no revenue for the second quarter ended June 30, 2026, and a net loss of $655,000, an increase from $463,000 in the prior year, primarily due to higher litigation expenses. For the first half of 2026, the net loss was $1.17 million, partially offset by a $1.05 million gain from the remeasurement of its ILiAD investment. The company maintains strong liquidity with $33.75 million in cash and marketable securities and continues to pursue several patent litigations.
Key Highlights
- Q2 2026 revenue was $0, consistent with Q2 2025.
- Q2 2026 net loss increased to $655,000 from $463,000 in Q2 2025.
- Operating expenses rose to $1.01 million in Q2 2026, up from $720,000.
- Recognized a $1.05 million gain from ILiAD investment remeasurement in H1 2026.
- Cash and marketable securities totaled $33.75 million as of June 30, 2026.
- Repurchased 34,980 shares for $51,000 in Q2 2026.
- Ongoing patent litigations include Samsung (trial June 2027) and Google/YouTube (trial December 2026).
Price Impact
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