NETWORK-1 TECHNOLOGIES, INC.

Network-1 Technologies, Inc. reported a net loss of $511,000 for the first quarter of 2026, an increase from a $363,000 net loss in the prior year, with no revenue generated. Operating expenses rose significantly due to increased litigation-related professional fees. However, the company recorded a substantial gain of $1,052,000 from its investment in ILiAD Biotechnologies. Additionally, Network-1 announced favorable developments in its patent litigations, including a Federal Circuit decision overturning a non-infringement judgment against Google/YouTube and the denial of Samsung's Inter Partes Review proceedings by the PTAB. The company continued its semi-annual dividend payments and share repurchase program.

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.

Network-1 Technologies, Inc. announced that the U.S. Court of Appeals for the Federal Circuit overturned a non-infringement judgment against Google and YouTube regarding its '237 Patent for certain Content ID implementations. The Federal Circuit affirmed the invalidity of claims in other asserted patents and that a previous Content ID implementation does not infringe the '237 Patent. The case has been remanded to the District Court for further proceedings consistent with the decision.