Network-1 Technologies (NTIP) Posts Improved Q3 Results

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Go back to Network-1 Technologies (NTIP) Posts Improved Q3 Results

Network-1 Reports Record Breaking Third Quarter 2016 Results

November 11, 2016 8:45 AM EST

NEW YORK, Nov. 11, 2016 /PRNewswire/ -- Network-1 Technologies, Inc. (NYSE: NTIP) today announced financial results for the quarter ended September 30, 2016. 

Network-1 had the largest quarterly revenues in its history with revenue of $34,326,000 for the three months ended September 30, 2016 as compared with revenue of $3,008,000 for the three months ended September 30, 2015.  The increase in revenue of $31,318,000 for the three months ended September 30, 2016, was due primarily to additional licensing revenue of $31,000,000 from settlement and licensing agreements entered into with Apple Inc. and Dell, Inc. during the quarter.   Revenue from royalty bearing licenses for patents decreased $232,000 or 14% from... More