--- title: "Network 1 Tech | 8-K: FY2026 Q1 Revenue: USD 0" type: "News" locale: "en" url: "https://longbridge.com/en/news/286146247.md" datetime: "2026-05-12T19:32:58.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286146247.md) - [en](https://longbridge.com/en/news/286146247.md) - [zh-HK](https://longbridge.com/zh-HK/news/286146247.md) --- # Network 1 Tech | 8-K: FY2026 Q1 Revenue: USD 0 Revenue: As of FY2026 Q1, the actual value is USD 0. EPS: As of FY2026 Q1, the actual value is USD -0.02. EBIT: As of FY2026 Q1, the actual value is USD -1.799 M. #### Revenue Network-1 Technologies, Inc. reported no revenue for the three months ended March 31, 2026, a decrease from $150,000 in revenue for the same period in 2025. #### Operating Expenses Total operating expenses for the first quarter of 2026 were $1,415,000, an increase of $620,000 compared to $795,000 in the first quarter of 2025. Costs of Revenue: $0 for 2026, down from $42,000 for 2025. Professional Fees and Related Costs: $775,000 for 2026, up from $121,000 for 2025, primarily due to increased litigation-related professional fees of $625,000. General and Administrative: $596,000 for 2026, a slight decrease from $602,000 for 2025. Amortization of Patents: $44,000 for 2026, up from $30,000 for 2025. #### Operating Loss Operating loss was -$1,415,000 for the three months ended March 31, 2026, compared to -$645,000 for the same period in 2025. #### Other Income (Expense) - Interest and Dividend Income, Net: $384,000 for 2026, a decrease from $484,000 for 2025. - Gain on Equity Investment: Network-1 Technologies, Inc. recorded a gain of $1,052,000 in 2026, primarily from the remeasurement of its investment in ILiAD Biotechnologies, Inc., compared to $0 in 2025. - Net Realized and Unrealized (Loss) Gain on Marketable Securities: -$287,000 for 2026, a decrease from a gain of $149,000 for 2025. - Total Other Income, Net: $1,149,000 for 2026, up from $633,000 for 2025. #### Income Tax Provision Total income taxes were $245,000 for 2026, primarily due to deferred taxes, compared to -$111,000 for 2025. #### Net Loss Network-1 Technologies, Inc. reported a net loss of -$511,000 for the three months ended March 31, 2026, compared to a net loss of -$363,000 for the same period in 2025. #### Liquidity and Capital Resources as of March 31, 2026 - Cash and Cash Equivalents: $8,610,000, down from $13,402,000 at December 31, 2025. - Marketable Securities: $25,979,000, up from $23,467,000 at December 31, 2025. - Total Current Assets: $34,784,000, down from $37,106,000 at December 31, 2025. - Working Capital: $33,674,000. - Total Assets: $39,393,000, down from $40,332,000 at December 31, 2025. - Total Current Liabilities: $1,110,000, up from $770,000 at December 31, 2025. - Total Liabilities: $1,355,000, up from $770,000 at December 31, 2025. - Total Stockholders’ Equity: $38,038,000, down from $39,562,000 at December 31, 2025. #### Operational Metrics - Patent Litigations: Network-1 Technologies, Inc. is actively pursuing five pending patent litigations related to its M2M/IoT, HFT, and Cox Patent portfolios. A U.S. Court of Appeals decision overturned a non-infringement judgment against Google and YouTube regarding a Cox Patent Portfolio patent, remanding the case for further proceedings. Additionally, the U.S. Patent Trial and Appeal Board denied six Inter Partes Review proceedings requested by Samsung concerning patents in Network-1 Technologies, Inc.’s M2M/IoT Patent Portfolio. - Share Repurchase Program: During the first quarter of 2026, Network-1 Technologies, Inc. repurchased 60,996 shares of its common stock at an aggregate cost of $82,681, or an average price of $1.36 per share. Since the program’s inception through March 31, 2026, the company has repurchased 10,647,490 shares at an aggregate cost of $20,352,652, averaging $1.91 per share. - Dividends: Network-1 Technologies, Inc. maintained its semi-annual cash dividend policy of $0.05 per share during the first quarter of 2026. #### Outlook Based on its current cash position, management believes Network-1 Technologies, Inc. has sufficient liquidity to fund operations for the foreseeable future. The company’s dividend policy is subject to periodic review and potential change based on earnings, financial requirements, and other factors. 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