Network-1 Technologies Reports Q2 2025 Financial Results with Narrowed Net Loss

Network-1 Technologies, Inc. reported its financial results for the second quarter of 2025, revealing a net loss of $463,000, or $0.02 per share, compared to a net loss of $658,000, or $0.03 per share, for the same period in 2024. The company did not generate any revenue during the quarter, a significant decline from the $100,000 reported in the prior year, which was derived from a litigation settlement related to its Remote Power Patent. For the first half of 2025, Network-1 recorded total revenue of $150,000, up from $100,000 in the same period of 2024, all stemming from litigation settlements.

Operating expenses for the six months ended June 30, 2025, decreased to $1.515 million from $1.642 million in the previous year, primarily due to lower professional fees and reduced general and administrative costs. The company reported a decrease in its share of net losses from its equity method investment in ILiAD Biotechnologies, amounting to $741,000 for the first half of 2025, down from $1.305 million in 2024. This reduction contributed to a narrower overall net loss for the period.

In terms of strategic developments, Network-1 acquired its Smart Home Patent Portfolio on March 31, 2025, for $400,000, which includes eight U.S. patents and one international patent. The company continues to pursue litigation against major firms, including a recent lawsuit against Samsung Electronics for patent infringement related to eSIM technology. Additionally, Network-1 has been actively involved in various patent litigations, including cases against Citadel Securities and Jump Trading, which are ongoing.

As of June 30, 2025, Network-1's total assets stood at $42.826 million, a decrease from $45.414 million at the end of 2024. The company reported cash and cash equivalents of $13.424 million, alongside marketable securities valued at $25.061 million. The decrease in total assets is attributed to the payment of dividends and stock repurchases, which totaled $1.155 million and $207,000, respectively, during the first half of the year. The company’s working capital also decreased to $38.288 million from $40.066 million at the end of 2024.

Looking ahead, Network-1 remains focused on monetizing its patent portfolios and exploring additional intellectual property acquisitions. The company has indicated that its future financial performance will depend significantly on the outcomes of its ongoing litigation and the success of its investment in ILiAD. The management has expressed confidence in its strategy to continue pursuing high-quality patents that could yield substantial licensing opportunities.