NTIP - Dividend announcements

NEW YORK, NY / ACCESSWIRE / December 26, 2024 / Network-1 Technologies, Inc. (NYSE:NTIP) announced today that its wholly-owned subsidiary, HFT Solutions Technologies, LLC ("HFT"), has initiated patent litigation against Citadel Securities, LLC ("Citadel") and Jump Trading, LLC ("Jump") in the United States District Court for the Northern District of Illinois for infringement of U.S. Patent No. 10,931,286, U.S. Patent No. 11,128,305, and U.S. Patent No. 11,575,381 (collectively, the "Patents-in-Suit").The Patents-in-Suit are part of the HFT patent portfolio acquired by HFT Solutions, LLC in March 2022 (the "HFT Patent Portfolio"). The HFT Patent Portfolio relates to, among other things, techn

NEW CANAAN, CT / ACCESSWIRE / December 11, 2024 / Network-1 Technologies, Inc. (NYSE:NTIP), a company engaged in the acquisition, development, licensing, and monetization of intellectual property, announced today that the U.S. Patent and Trademark Office has issued U.S. Patent No. 12,166,869, Key Derivation for a Module Using an Embedded Universal Integrated Circuit Card.The newly issued patent is part of Network-1's M2M/IoT Patent Portfolio that relates to, among other things, the enabling technology for authenticating and using embedded SIM cards (e-SIMs) in next generation IoT, Machine-to-Machine, and other mobile devices, including smartphones, tablets, and computers as well as automobil

NEW CANAAN, CT / ACCESSWIRE / October 24, 2024 / Network-1 Technologies, Inc. (NYSE:NTIP), a company specializing in the acquisition, development, licensing, and monetization of its intellectual property assets, today announced financial results for the quarter ended September 30, 2024.Network-1 had no revenue for the three month periods ended September 30, 2024 and 2023. For the nine month periods ended September 30, 2024 and 2023, Network-1 recorded revenue of $100,000 and $820,000, respectively. The revenue for the nine months ended September 30, 2024 and 2023 was from settlements of litigation relating to Network-1's Remote Power Patent.Network-1 realized a net loss of $316,000 or $0.01

NEW CANAAN, CT / ACCESSWIRE / October 8, 2024 / Network-1 Technologies, Inc. (NYSE:NTIP) , a company engaged in the acquisition, development, licensing, and monetization of intellectual property, announced today that the U.S. Patent and Trademark Office issued U.S. Patent No. 12,113,539 (Field Programmable Gate Array with Internal Phase-Locked Loop) to its wholly-owned subsidiary (HFT Solutions, LLC). The claims in the newly issued patent are generally directed toward certain advanced technologies relating to high frequency trading.The newly issued patent arises from a patent application contained in the HFT patent portfolio acquired by HFT Solutions, LLC in March 2022 (the "HFT Patent Portf

NEW CANAAN, CT / ACCESSWIRE / October 1, 2024 / Network-1 Technologies, Inc. (NYSE:NTIP), a company engaged in the acquisition, development, licensing, and monetization of intellectual property, announced today that the U.S. Patent and Trademark Office issued U.S. Patent No. 12,107,587 (Field Programmable Gate Array with Internal Phase-Locked Loop) to its wholly-owned subsidiary (HFT Solutions, LLC). The claims in the newly issued patent are generally directed toward certain advanced technologies relating to high frequency trading.The newly issued patent arises from a patent application contained in the HFT patent portfolio acquired by HFT Solutions, LLC in March 2022 (the "HFT Patent Portfo

NEW CANAAN, CT / ACCESSWIRE / August 27, 2024 / Network-1 Technologies, Inc. (NYSE:NTIP) today announced that its Board of Directors has declared a semi-annual cash dividend of $0.05 per common share pursuant to its dividend policy. The semi-annual cash dividend of $0.05 per share is payable on September 26, 2024 to all common stockholders of record as of September 12, 2024.The dividend policy of Network-1 undergoes a periodic review by the Board of Directors and is subject to change at any time depending on the earnings of Network-1, its financial requirements and other factors existing at the time. Future declarations of semi-annual dividends and the establishment of future record and paym

NEW CANAAN, CT / ACCESSWIRE / August 12, 2024 / Network-1 Technologies, Inc. (NYSE:NTIP), a company specializing in the acquisition, development, licensing, and monetization of its intellectual property assets, today announced financial results for the quarter ended June 30, 2024.Network-1 had revenue of $100,000 for the three and six months ended June 30, 2024 as compared to $283,000 and $820,000 for the three and six months ended June 30, 2023. The revenue for the three and six months ended June 30, 2024 was from the settlement of a lawsuit relating to Network-1's Remote Power Patent.Network-1 realized a net loss of $658,000 or $0.03 per share basic and diluted for the three months ended J

NEW CANAAN, CT / ACCESSWIRE / May 10, 2024 / Network-1 Technologies, Inc. (NYSE:NTIP), a company engaged in the acquisition, development, licensing, and monetization of intellectual property assets, today announced financial results for the quarter ended March 31, 2024.Network-1 had no revenue for the three months ended March 31, 2024, as compared to $537,000 of revenue for the three months ended March 31, 2023. The revenue of $537,000 for the three months ended March 31, 2023 was from the settlement of several patent infringement lawsuits concerning Network-1's Remote Power Patent.Network-1 reported a net loss of $920,000 or $0.04 per share basic and diluted for the three months ended March

NEW CANAAN, CT / ACCESSWIRE / March 8, 2024 / Network-1 Technologies, Inc. (NYSE:NTIP) ("Network-1"), a company engaged in acquiring, developing, licensing, and monetizing intellectual property, today announced financial results for the year ended December 31, 2023.Network-1 had revenue of $2,601,000 for the year ended December 31, 2023 as compared to no revenue in the year ended December 31, 2022. Revenue realized in 2023 was from settlement agreements in litigations related to Network-1's Remote Power Patent. Network-1incurred increases in operating expenses of $933,000 in 2023 compared to 2022, primarily due to increases in costs of revenue of $874,000 related to contingent legal fees and

NEW CANAAN, CT / ACCESSWIRE / March 1, 2024 / Network-1 Technologies, Inc. (NYSE:NTIP), a company engaged in the acquisition, development, licensing, and monetization of intellectual property, announced today that the U.S. Patent and Trademark Office has issued U.S. Patent No. 11,916,893, Embedded Universal Integrated Circuit Card Supporting Two-Factor Authentication.The newly issued patent is part of Network-1's M2M/IoT Patent Portfolio that relates to, among other things, the enabling technology for authenticating and using embedded SIM cards (eSIMs) in next generation IoT, Machine-to-Machine, and other mobile devices, including smartphones, tablets, and computers as well as automobiles. e

NEW CANAAN, CT / ACCESSWIRE / February 23, 2024 / Network-1 Technologies, Inc. (NYSE:NTIP) today announced that its Board of Directors has declared a semi-annual cash dividend of $0.05 per common share pursuant to its dividend policy. The semi-annual cash dividend of $0.05 per share is payable on March 29, 2024 to all common stockholders of record as of March 15, 2024.The dividend policy of Network-1 undergoes a periodic review by the Board of Directors and is subject to change at any time depending on the earnings of Network-1, its financial requirements and other factors existing at the time. Future declarations of semi-annual dividends and the establishment of future record and payment da

NEW CANAAN, CT / ACCESSWIRE / November 2, 2023 / Network-1 Technologies, Inc. (NYSE:NTIP), a company specializing in the development, licensing, and monetization of its intellectual property assets, today announced financial results for the quarter ended September 30, 2023.Network-1 had no revenue for the three month periods ended September 30, 2023 and 2022. For the nine month periods ended September 30, 2023 and 2022, Network-1 recorded $820,000 and no revenue, respectively. The revenue for the nine months ended September 30, 2023 was from settlements of several lawsuits relating to Network-1's Remote Power Patent.Network-1 realized a net loss of $810,000 or $0.03 per share basic and dilut

NEW CANAAN, CT / ACCESSWIRE / September 8, 2023 / Network-1 Technologies, Inc. (NYSE:NTIP) today announced that its Board of Directors has declared a semi-annual cash dividend of $0.05 per common share pursuant to its dividend policy. The semi-annual cash dividend of $0.05 per share is payable on September 29, 2023, to all common stockholders of record as of September 19, 2023.The dividend policy of Network-1 undergoes a periodic review by the Board of Directors and is subject to change at any time depending on the earnings of Network-1, its financial requirements and other factors existing at the time. Future declarations of semi-annual dividends and the establishment of future record and p

NEW CANAAN, CT / ACCESSWIRE / August 28, 2023 / Network-1 Technologies, Inc. (NYSE:NTIP), a company engaged in the acquisition, development, licensing, and monetization of intellectual property, announced today that the U.S. Patent and Trademark Office has issued U.S. Patent No. 11,736,283, Key Derivation for a Module Using an Embedded Universal Integrated Circuit Card.The newly issued patent is part of comprehensive family of patents that relates to, among other things, the enabling technology for authenticating and using embedded SIM cards (eSIMs) in next generation IoT, Machine-to-Machine, and other mobile devices, including smartphones, tablets, and computers as well as automobiles. eSIM

NEW CANAAN, CT / ACCESSWIRE / August 10, 2023 / Network-1 Technologies, Inc. (NYSE:NTIP), a company specializing in the development, licensing, and monetization of its intellectual property assets, today announced financial results for the quarter ended June 30, 2023.Network-1 had revenue of $283,000 and $820,000 for the three and six months ended June 30, 2023, as compared to no revenue for the three and six months ended June 30, 2022. The revenue for the three and six months ended June 30, 2023 was from settlements of several lawsuits relating to Network-1's Remote Power Patent.Network-1 realized a net loss of $476,000 or $0.02 per share basic and diluted for the three months ended June 30

NEW CANAAN, CT / ACCESSWIRE / June 14, 2023 / Network-1 Technologies, Inc. (NYSE:NTIP) announced today that its Board of Directors has extended its previously announced share repurchase program (the "Share Repurchase Program") pursuant to Rule 10b-18 of the Securities Exchange Act, as amended, authorizing Network-1 to repurchase up to $5,000,000 of shares of its common stock over the next two years. To date, Network‑1 has repurchased an aggregate of 9,360,944 shares of its common stock under the Share Repurchase Program since inception of the program in August 2011 at an average price of $1.93 per share or an aggregate cost of approximately $18,085,981 (exclusive of commissions).The common s

NEW CANAAN, CT / ACCESSWIRE / May 12, 2023 / Network-1 Technologies, Inc. (NYSE:NTIP), a company engaged in the acquisition, development, licensing, and monetization of intellectual property assets, today announced financial results for the quarter ended March 31, 2023.Network-1 had revenue of $537,000 for the three months ended March 31, 2023, as compared to no revenue for the three months ended March 31, 2022. The revenue of $537,000 for the three months ended March 31, 2023 was from the settlement of several lawsuits concerning Network-1's Remote Power Patent.Network-1 reported a net loss of $623,000 or $0.03 per share basic and diluted for the three months ended March 31, 2023 compared w

NEW CANAAN, CT / ACCESSWIRE / March 30, 2023 / Network-1 Technologies, Inc. (NYSE:NTIP) ("Network-1"), a company engaged in acquiring, developing, licensing, and monetizing intellectual property, today announced financial results for the year ended December 31, 2022.Network-1 had no revenue in the year ended December 31, 2022 as compared to the year ended December 31, 2021, where revenue of $36,029,000 was realized from resolution of a contractual dispute with Cisco Systems, Inc. and a settlement of patent litigation with Hewlett-Packard.During 2022, ILiAD Biotechnologies, LLC ("ILiAD") completed a private financing of approximately $43,000,000, in connection with which Network-1 reported an

NEW CANAAN, CT / ACCESSWIRE / March 3, 2023 / Network-1 Technologies, Inc. (NYSE:NTIP) today announced that its Board of Directors has declared a semi-annual cash dividend of $0.05 per common share pursuant to its dividend policy. The semi-annual cash dividend of $0.05 per share is payable on March 31, 2023 to all common stockholders of record as of March 15, 2023.The dividend policy of Network-1 undergoes a periodic review by the Board of Directors and is subject to change at any time depending on the earnings of Network-1, its financial requirements and other factors existing at the time. Future declarations of semi-annual dividends and the establishment of future record and payment dates

NEW CANAAN, CT / ACCESSWIRE / February 13, 2023 / Network-1 Technologies, Inc. (NYSE:NTIP), a company engaged in the acquisition, development, licensing, and monetization of intellectual property, announced today that the U.S. Patent and Trademark Office issued U.S. Patent No. 11,575,381 (Field Programmable Gate Array with External Phase-Locked Loop) to its wholly-owned subsidiary (HFT Solutions, LLC). The claims in the newly issued patent are generally directed toward certain advanced technologies relating to high frequency trading.The newly issued patent arises from a patent application contained in the HFT patent portfolio acquired by HFT Solutions in March 2022 (the "HFT Patent Portfolio

NEW YORK, NY / ACCESSWIRE / November 14, 2022 / Network-1 Technologies, Inc. (NYSE:NTIP), a company specializing in the development, licensing, and protection of its intellectual property assets, today announced financial results for the quarter ended September 30, 2022.Network-1 had no revenue for the three and nine months ended September 30, 2022, as compared to revenue of $17,000,000 and $35,692,000 for the three and nine months ended September 30, 2021, respectively. The revenue for the three months ended September 30, 2021, was a result of revenue of $17,000,000 from a litigation settlement with Hewlett Packard (HP). Similarly, the revenue for the nine months ended September 30, 2021 wa

NEW CANAAN, CT / ACCESSWIRE / September 9, 2022 / Network-1 Technologies, Inc. (NYSE:NTIP) today announced that its Board of Directors has declared a semi-annual cash dividend of $0.05 per common share pursuant to its dividend policy. The semi-annual cash dividend of $0.05 per share is payable on September 30, 2022 to all common stockholders of record as of September 20, 2022.The dividend policy of Network-1 undergoes a periodic review by the Board of Directors and is subject to change at any time depending on the results of operations of Network-1, its financial requirements and other factors existing at the time. Future declarations of semi-annual dividends and the establishment of future

(This release corrects the release that was posted earlier on 8/15/2022 to update one of the earnings tables)NEW CANAAN, CT / ACCESSWIRE / August 15, 2022 / Network-1 Technologies, Inc. (NYSE:NTIP), a company specializing in the development, licensing, and protection of its intellectual property assets, today announced financial results for the quarter ended June 30, 2022.Network-1 had no revenue for the three and six months ended June 30, 2022, as compared to no revenue and revenue of $18,692,000 for the three and six months ended June 30, 2021, respectively. The revenue of $18,692,000 for the six months ended June 30, 2021 was due to Network-1's resolution of a contractual dispute with Cis

NEW CANAAN, CT / ACCESSWIRE / August 15, 2022 / Network-1 Technologies, Inc. (NYSE:NTIP), a company specializing in the development, licensing, and protection of its intellectual property assets, today announced financial results for the quarter ended June 30, 2022.Network-1 had no revenue for the three and six months ended June 30, 2022, as compared to no revenue and revenue of $18,692,000 for the three and six months ended June 30, 2021, respectively. The revenue of $18,692,000 for the six months ended June 30, 2021 was due to Network-1's resolution of a contractual dispute with Cisco Systems, Inc. concerning the licensing of its Remote Power Patent.Network-1 realized a net loss of $1,532,

NEW CANAAN, CT / ACCESSWIRE / May 16, 2022 / Network-1 Technologies, Inc. (NYSE:NTIP), a company engaged in the acquisition, development, licensing, and monetization of intellectual property assets, today announced financial results for the quarter ended March 31, 2022.Network-1 had no revenue for the three months ended March 31, 2022, as compared to revenue of $18,692,000 for the three months ended March 31, 2021. The revenue of $18,692,000 for the three months ended March 31, 2021 was from the resolution of a contractual dispute with Cisco Systems, Inc. concerning the licensing of Network-1's Remote Power Patent.Network-1 reported a net loss of $1,312,000 or $(0.05) per share basic and dil

NEW CANAAN, CT / ACCESSWIRE / May 13, 2022 / Network-1 Technologies, Inc. (NYSE:NTIP), a company engaged in the acquisition, development, licensing, and monetization of intellectual property, announced today that the U.S. Patent and Trademark Office issued U.S. Patent No. 11,329,655 (Field Programmable Gate Array with Internal Phase-Locked Loop) to its wholly-owned subsidiary (HFT Solutions, LLC). The claims in the newly issued patent are generally directed toward certain advanced technologies relating to high frequency trading.The newly issued patent arises from a patent application contained in the HFT patent portfolio acquired by Network-1 in March 2022 ("HFT Patent Portfolio"). Network-1

NEW CANAAN, CT / ACCESSWIRE / March 30, 2022 / Network-1 Technologies, Inc. (NYSE:NTIP), a company engaged in acquiring, developing, licensing, and monetizing intellectual property, today announced financial results for the year ended December 31, 2021.Network-1 had revenue of $36,029,000 for the year ended December 31, 2021 as compared to revenue of $4,403,000 for the year ended December 31, 2020. The increase in revenue of $31,626,000 for 2021 was primarily due to revenue of $18,692,000 from the resolution of a contractual dispute with Cisco Systems, Inc. and revenue of $17,000,000 from a patent litigation settlement with Hewlett-Packard.Network-1 reported net income of $14,281,000 or $0.5

NEW CANAAN, CT / ACCESSWIRE / March 28, 2022 / Network-1 Technologies, Inc. (NYSE:NTIP), a company engaged in acquiring, developing, licensing, and monetizing intellectual property, today announced that its newly formed subsidiary, HFT Solutions, LLC, has acquired a patent portfolio covering certain advanced technologies relating to high frequency trading (the "HFT Patent Portfolio").The HFT Patent Portfolio currently includes six issued U.S. patents and two pending U.S. patents. The portfolio relates to technologies used by firms engaged in high frequency trading activities. The inventions specifically address technological problems associated with speed and latency and provide critical lat

NEW CANAAN, CT / ACCESSWIRE / March 7, 2022 / Network-1 announced today that the U.S. District Court for the Southern District of New York entered a ruling granting in part and denying in part a motion for summary judgment by Facebook in the litigation asserted by Network-1's subsidiary Mirror Worlds Technologies, LLC. involving certain patents within Network-1's Mirror Worlds patent portfolio. In its ruling, the Court denied Facebook's motion that the asserted patents were invalid by concluding that all the asserted claims were patent eligible under 101 of the Patent Act. The Court also granted summary judgment of non-infringement in favor of Facebook and directed the dismissal of the case.

NEW YORK, NY / ACCESSWIRE / February 23, 2022 / Network-1 Technologies, Inc. (NYSE:NTIP) today announced that its Board of Directors has declared a semi-annual cash dividend of $0.05 per common share pursuant to its dividend policy. The semi-annual cash dividend of $0.05 per share is payable on March 24, 2022 to all common stockholders of record as of March 9, 2022.The dividend policy of Network-1 undergoes a periodic review by the Board of Directors and is subject to change at any time depending on the earnings of Network-1, its financial requirements and other factors existing at the time. Future declarations of semi-annual dividends and the establishment of future record and payment dates

NEW YORK, NY / ACCESSWIRE / November 12, 2021 / Network-1 Technologies, Inc. (NYSE:NTIP), a company specializing in the development, licensing, and protection of its intellectual property assets, today announced financial results for the quarter ended September 30, 2021.Network-1 had revenue of $17,000,000 and $35,692,000 for the three and nine months ended September 30, 2021, respectively, as compared to revenue of $4,150,000 and $4,366,000 for the three and nine months ended September 30, 2020, respectively. The increase in revenue of $12,850,000 for the three months ended September 30, 2021 was due to revenue of $17,000,000 from a litigation settlement with Hewlett Packard (HP). Similarly

NEW YORK, NY / ACCESSWIRE / September 10, 2021 / Network-1 Technologies, Inc. (NYSE:NTIP) today announced that its Board of Directors has declared a semi-annual cash dividend of $0.05 per common share pursuant to its dividend policy. The semi-annual cash dividend of $0.05 per share is payable on September 30, 2021 to all common stockholders of record as of September 21, 2021.The dividend policy of Network-1 undergoes a periodic review by the Board of Directors and is subject to change at any time depending on the earnings of Network-1, its financial requirements and other factors existing at the time. Future declarations of semi-annual dividends and the establishment of future record and pay

NEW YORK, NY / ACCESSWIRE / August 12, 2021 / Network-1 Technologies, Inc. (NYSE:NTIP), a company specializing in the development, licensing, and protection of its intellectual property assets, today announced financial results for the quarter ended June 30, 2021.Network-1 had no revenue for the three months ended June 30, 2021 and revenue of $18,692,000 for the six months ended June 30, 2021, as compared to revenue of $55,000 and $216,000 for the three and six months ended June 30, 2020, respectively. The increase in revenue for the six months ended June 30, 2021 was due to revenue of $18,692,000 from Network-1's resolution of a contractual dispute with Cisco Systems, Inc. concerning the li

NEW YORK, NY / ACCESSWIRE / August 9, 2021 / Network‑1 Technologies, Inc. (NYSE:NTIP), a company engaged in the development, licensing and protection of intellectual property, announced earlier this week that the U.S. Patent and Trademark Office issued U.S. Patent No. 11,082,218 (Key Derivation for a Module Using an Embedded Universal Integrated Circuit Card). The claims in the newly issued patent are generally directed towards a module for communicating between Machine-to-Machine modules and servers.The newly issued patent arises from a patent application contained in the M2M/IoT patent portfolio acquired by Network-1 in December 2017 (the "M2M/IoT Patent Portfolio"). The M2M/IoT Patent Por

NEW YORK, NY / ACCESSWIRE / July 14, 2021 / Network-1 Technologies, Inc. (NYSE:NTIP), a company engaged in the development, licensing and protection of intellectual property, announced today that the European Patent Office issued a Decision to Grant European Patent No. EP3111689 (Embedded Universal Integrated Circuit Card Supporting Two-Factor Authentication), which is being published today in the European Patent Bulletin of July 14, 2021. In addition, the UK Intellectual Property Office issued Intention to Grant letters for Applications GB1608573.0 and GB2100530.1 (both entitled Set of Servers for "Machine-to-Machine" Communications Using Public Key Infrastructure). The UK applications are

NEW YORK, NY / ACCESSWIRE / June 9, 2021 / Network-1 Technologies, Inc. (NYSE MKT:NTIP) announced today that its Board of Directors has extended its previously announced share repurchase program (the "Share Repurchase Program") pursuant to Rule 10(b)-18 of the Securities Exchange Act, as amended, authorizing Network-1 to repurchase up to $5,000,000 of shares of its common stock over the next two years. To date, the Company has repurchased an aggregate of 8,645,659 shares of its common stock under the Share Repurchase Program since inception of the program in August 2011 at an average price of $1.88 per share or an aggregate cost of approximately $16,286,805 (exclusive of commissions).The com

NEW YORK, NY / ACCESSWIRE / May 17, 2021 / Network-1 Technologies, Inc. (NYSE:NTIP), a company specializing in the development, licensing, and protection of its intellectual property assets, today announced financial results for the quarter ended March 31, 2021.Network-1 had revenue of $18,692,000 for the three months ended March 31, 2021 as compared to revenue of $161,000 for the three months ended March 31, 2020. The increase in revenue of $18,531,000 for the three months ended March 31, 2021 was due to revenue of $18,692,000 from the resolution of a contractual dispute with Cisco Systems, Inc. concerning the licensing of Network-1's Remote Power Patent.Network-1 reported net income of $9,

NEW YORK, NY / ACCESSWIRE / March 31, 2021 / Network-1 Technologies, Inc. (NYSE American: NTIP), a company specializing in the development, licensing, and protection of its intellectual property assets, today announced financial results for the year ended December 31, 2020. Network-1 had revenue of $4,403,000 for the year ended December 31, 2020 as compared to revenue of $3,037,000 for the year ended December 31, 2019. The increase in revenue of $1,366,000 for 2020 was primarily due to revenue of $4,150,000 from a litigation settlement. Network-1 reported a net loss of $1,709,000 or $(0.07) per share basic and diluted for 2020 compared with a net loss of $1,792,000 or $(0.07) per share bas

NEW YORK, NY / ACCESSWIRE / February 23, 2021 / Network-1 Technologies, Inc. (NYSE American:NTIP) today announced that its Board of Directors has declared a semi-annual cash dividend of $0.05 per common share pursuant to its dividend policy. The semi-annual cash dividend of $0.05 per share is payable on March 31, 2021 to all common stockholders of record as of March 16, 2021. The dividend policy of Network-1 undergoes a periodic review by the Board of Directors and is subject to change at any time depending on the earnings of Network-1, its financial requirements and other factors existing at the time. Future declarations of semi-annual dividends and the establishment of future record and