Network-1 Technologies (NTIP) Reports Q1 EPS of $0.16

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Go back to Network-1 Technologies (NTIP) Reports Q1 EPS of $0.16

Network-1 Reports First Quarter 2016 Results

May 16, 2016 4:30 PM EDT

NEW YORK, May 16, 2016 /PRNewswire/ -- Network-1 Technologies, Inc. (NYSE MKT: NTIP), a company specializing in the development, licensing, and protection of its intellectual property rights, today announced financial results for the quarter ended March 31, 2016. 

Network-1 had revenue of $5,190,000 for the three months ended March 31, 2016 as compared to revenue of $5,627,000 for the three months ended March 31, 2015. The decrease of $437,000 in revenue for the three months ended March 31, 2016 was due primarily to a fully paid license entered into in connection with a litigation settlement of $440,000 in the three months ended March 31, 2015.... More