Network-1 Technologies, Inc. (NYSE American: NTIP) reported its financial results for the first quarter ended March 31, 2025. The company recorded a net loss of $363,000 for the quarter, an improvement from the net loss of $920,000 in the same period of 2024. Network-1's revenue for the first quarter of 2025 was $150,000, in contrast to no revenue in the corresponding quarter of 2024. This revenue was attributed to a litigation settlement involving the company's Remote Power Patent. Interest and dividend income for the quarter increased to $484,000 from $431,000 in the previous year. Additionally, the company reported realized and unrealized gains on marketable securities of $149,000, up from $48,000 in the first quarter of 2024. Operating expenses decreased by $123,000 mainly due to a reduction in professional fees related to litigation. Furthermore, Network-1 completed the acquisition of a Smart Home Patent Portfolio from IoT and M2M Technologies, LLC, which includes eight U.S. patents, one international patent, and several pending patent applications. As of March 31, 2025, the company's liquidity position consisted of $39.193 million in cash and cash equivalents and marketable securities, with a working capital of $38.443 million, indicating sufficient resources to support future operations.
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