NTIP earnings analysis
What we found in NTIP's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Network-1 Technologies, Inc. reported no revenue for Q1 2026, a decrease from $150,000 in the prior year. Gross and operating margins remained unchanged at 0% as the company incurred significant operating expenses of $1,415,000—a $620,000 increase year-over-year. The net loss widened to $511,000, with an EPS of -$0.02, consistent with previous periods.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- No Revenue for Q1 2026
- The company reported $0 in revenue compared to $150,000 in Q1 2025.
- Increased Operating Expenses
- Operating expenses rose to $1,415,000 in Q1 2026 from $795,000 in Q1 2025.
- Gain on Equity Investment
- Recognized a gain of $1,052,000 on equity investment in ILiAD.
- Cash Position
- Cash and cash equivalents decreased from $13,402,000 to $8,610,000.
- Working Capital Decline
- Working capital dropped to $33,674,000 from $36,336,000 at year-end 2025.
- Consistent EPS
- EPS remained at -$0.02 for both Q1 2026 and Q1 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- No Revenue Generation
- The absence of revenue for Q1 2026 raises concerns over the monetization strategy.
- Increased Litigation Expenses
- Operating expenses increased significantly due to $625,000 in litigation-related costs.
- Future Revenue Dependency
- Future revenue hinges on the success of pending litigations and patent monetization efforts.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.02
- Operating margin
- 0%
What they said about what is next.
Outlook deferred to earnings press release / call.
The filing reads worse than the one before it.
What came before.
- 10-Q · November 6, 2025
- Network-1 reported no revenue in Q3 2025 (Q3 revenue $0) while year-to-date revenue rose to $150,000 from $100,000 a year ago. Q3 operating loss narrowed to $800,000 from $896,000 in Q3 2024, but Q3 net loss widened to…
- 10-Q · August 8, 2025
- Network-1 reported Q2 2025 revenue of $0 (vs. $100,000 in Q2 2024) and a net loss of $463,000 (EPS $(0.02)), an improvement from a $658,000 loss (EPS $(0.03)) in Q2 2024. Operating loss widened slightly in Q2 to…
- 10-Q · May 9, 2025
- Network-1 reported $150,000 of revenue in Q1 2025 (vs $0 in Q1 2024) and a reduced net loss of $363,000 (Q1 2024: $920,000), driving EPS improvement to $(0.02) from $(0.04). Operating loss remained large at $(645,000)…
- 10-K · February 28, 2025
- Network-1 is a patent licensing company focused on monetizing five patent portfolios (Remote Power, Mirror Worlds, Cox, M2M/IoT, HFT). The 10-K shows a concentrated, litigation-driven revenue model (100% of 2024 revenue…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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