Network-1 net loss widens to $655,000 in Q2 FY26; revenue posts no revenue
Reuters2026/08/06 21:52- Network-1 Technologies posted a Q2 net loss of $655,000, or $0.03 per share, versus a loss of $463,000, or $0.02 per share, a year earlier.
- Operating expenses rose to $1.01 million from $720,000, primarily due to higher litigation-related professional fees and related costs.
- Revenue was unchanged at no revenue, while interest and dividend income, net, slipped to $350,000 from $445,000.
- Cash and cash equivalents fell to $9.44 million at June 30 from $13.4 million at Dec. 31, with cash and marketable securities totaling $33.75 million.
- Patent cases against Samsung and Google/YouTube remained active, with trials scheduled for June 7, 2027 and Dec. 7, 2026, respectively.
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