NETWORK-1 TECHNOLOGIES, INC.

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.

NETWORK-1 TECHNOLOGIES, INC. reported zero revenue for both the second quarter and the first six months of 2026, a significant decline from the prior year. The company's net loss widened to $(655,000) for Q2 2026 and $(1,166,000) year-to-date. Cash and cash equivalents also saw a substantial decrease, falling to $9.4 million by the end of June 2026 from $13.4 million at the end of 2025. Despite a gain on equity investment, increased professional fees contributed to the overall negative financial performance.

NETWORK-1 TECHNOLOGIES, INC. has filed its definitive proxy statement (DEF 14A) for its 2026 Annual Meeting of Stockholders. The virtual meeting is scheduled for September 16, 2026, at 10:00 A.M. Eastern Time, with a record date of July 22, 2026. Key proposals include the election of four directors, a non-binding advisory vote on executive compensation, and the ratification of Grassi & Co., CPAs, P.C. as the independent registered public accounting firm for fiscal year 2026. The Board of Directors unanimously recommends voting in favor of all proposals.

Network-1 Technologies announced that its subsidiary, HFT Solutions, LLC, dismissed without prejudice a patent infringement lawsuit against Jump Trading, LLC. The lawsuit, filed in the U.S. District Court for the Northern District of Illinois, concerned patents within Network-1's High-Frequency Trading (HFT) patent portfolio. The company stated that depending on future industry developments, it may decide to revisit potential intellectual property related actions against Jump and other entities to protect its rights.

Network-1 Technologies, Inc. announced that its Board of Directors has authorized a written trading plan (10b5-1 Plan) to repurchase shares. This plan enables the company to buy back its shares even during periods that might otherwise be restricted by self-imposed trading black-outs or insider trading laws. Under the plan, a third-party broker is authorized to purchase up to 500,000 shares of the company's common stock, subject to various market conditions and timing constraints. The repurchases are scheduled for two distinct periods, aligning with the release of its second and third-quarter financial results for 2026.

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.