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May 22, 2015 9:40 PM ET

Communications Equipment

Company Overview of Network-1 Technologies, Inc.

Company Overview

Network-1 Technologies, Inc. develops, licenses, and protects intellectual property assets. The company owns 24 patents that relate to various technologies, including patents covering the delivery of power over Ethernet cables for the purpose of remotely powering network devices, such as wireless access ports, IP phones, and network based cameras; foundational technologies that enable unified search and indexing, displaying, and archiving of documents in a computer system; enabling technology for identifying media content on the Internet; and systems and methods for the transmission of audio, video, and data over computer and telephony networks. It primarily focuses on licensing its remote p...

445 Park Avenue

Suite 912

New York, NY 10022

United States

Founded in 1990

2 Employees

Phone:

212-829-5770

Key Executives for Network-1 Technologies, Inc.

Chairman and Chief Executive Officer
Age: 59
Total Annual Compensation: $1.2M
Chief Financial Officer, Secretary and Director
Age: 62
Total Annual Compensation: $187.5K
Executive Vice President and Member of the Technical Advisory Board
Age: 52
Total Annual Compensation: $220.0K
Compensation as of Fiscal Year 2014.

Network-1 Technologies, Inc. Key Developments

Network-1 Technologies, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Network-1 Technologies, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company announced royalty revenue of $5,627,000 compared to $4,491,000 for the same period a year ago. Operating income was $2,320,000 compared to $2,143,000 for the same period a year ago. Income before income taxes was $2,341,000 compared to $2,152,000 for the same period a year ago. Net income was $1,530,000 compared to $1,396,000 for the same period a year ago. Net income per share, basic and diluted was $0.06 compared to $0.05 for the same period a year ago. The increase of $1,136,000 or 25% in revenue for the three months ended March 31, 2015 was due primarily to increased royalty revenues from current licensees including a fully paid license entered into in connection with a litigation settlement.

Network-1 Technologies, Inc. Announces Earnings Results for the Year Ended Dec. 31, 2014

Network-1 Technologies, Inc. announced earnings results for the year ended Dec. 31, 2014. For the year, the company reported royalty revenue of $12,309,000, operating income of $2,723,000, income before income taxes of $2,709,000, net income of $1,766,000 or $0.07 per diluted share compared to the royalty revenue of $8,017,000, operating income of $1,525,000, income before income taxes of $1,561,000, net income of $1,016,000 or $0.04 per diluted share for the previous year. The increase in revenue of $4,292,000 or 53.5% for 2014 was due to increased royalty revenue from licensees, which included $3,281,000 of additional royalty payments from Cisco Systems as a result of Network-1's audit of its license agreement with Cisco.

Network-1 Technologies Mulls Acquisitions

Network-1 Technologies, Inc. (AMEX:NTIP) may also enter into strategic relationships with third parties to develop, commercialize, license or otherwise monetize their intellectual property. The form of such relationships may differ depending upon the opportunity and may include, among other things, a strategic investment in such third party, the provision of financing to such third party or the formation of a joint venture with such third party or others for the purpose of monetizing their intellectual property assets.

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