Last $2.30 USD
Change Today +0.051 / 2.27%
Volume 9.2K
NTIP On Other Exchanges
Symbol
Exchange
NYSE Amex
As of 8:04 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

network-1 technologies inc (NTIP) Snapshot

Open
$2.16
Previous Close
$2.25
Day High
$2.30
Day Low
$2.15
52 Week High
12/16/14 - $2.40
52 Week Low
01/7/14 - $1.39
Market Cap
56.3M
Average Volume 10 Days
9.8K
EPS TTM
$0.07
Shares Outstanding
24.5M
EX-Date
12/9/10
P/E TM
32.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for NETWORK-1 TECHNOLOGIES INC (NTIP)

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network-1 technologies inc (NTIP) Details

Network-1 Technologies, Inc. develops, licenses, and protects intellectual property assets related to various computing, telecommunications, data networking, and Internet related technologies. The company owns 22 patents that cover 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 power patent covering the control of power delivery over Ethernet cables. The company was formerly known as Network-1 Security Solutions, Inc. and changed its name to Network-1 Technologies, Inc. in October 2013 to reflect the nature of its business. Network-1 Technologies, Inc. was founded in 1990 and is based in New York, New York.

2 Employees
Last Reported Date: 10/2/14
Founded in 1990

network-1 technologies inc (NTIP) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: $987.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $169.0K
Executive Vice President and Member of the Te...
Total Annual Compensation: $200.0K
Compensation as of Fiscal Year 2013.

network-1 technologies inc (NTIP) Key Developments

Network-1 Technologies, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Network-1 Technologies, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of $1,367,000 compared with revenue of $1,227,000 for the three months ended September 30, 2013. The increase of $140,000 or 11% in revenue for the quarter ended September 30, 2014 was due primarily to an increase in royalties from its licensees. Net loss was $36,000 or $0.00 per basic and diluted share as compared to a net loss of $208,000 or $0.01 per basic and diluted share for the third quarter ended September 30, 2013. The company reported operating loss of $91,000 and loss before income taxes of $83,000 compared to operating loss of $344,000 and loss before income taxes of $335,000 reported a year ago. For the nine months, the company reported revenue of $11,024,000 as compared with revenue of $7,198,000 for the nine months ended September 30, 2013. The increase of $3,826,000 or 53% in revenue for the nine months ended September 30, 2014 included $3,281,000 of additional royalties from Cisco Systems as a result of Network-1's audit of the May 2011 license agreement with Cisco and additional royalties from existing licensees. Net income was $2,961,000 or $0.11 per diluted share compared with a net income $1,966,000 or $0.07 per diluted share for the nine months ended September 30, 2013. The company reported operating income of $4,553,000 and income before income taxes of $4,582,000 compared to operating income of $2,154,000 and income before income taxes of $2,181,000 reported a year ago.

Network-1 Technologies, Inc. Announces Auditor Changes

The Audit Committee of Network-1 Technologies, Inc. recently completed a competitive process to determine which audit firm would serve as the company's independent registered public accounting firm for the year ended December 31, 2014. On October 8, 2014, the Audit Committee accepted the resignation of Radin Glass & Co., LLP as the company's independent registered public accounting firm effective immediately. The Audit Committee engaged Friedman LLP as the company's independent registered public accounting firm for the years ended December 31, 2014 and December 31, 2015, also effective immediately.

Network-1 Technologies, Inc. Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Network-1 Technologies, Inc. announced consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's royalty revenue was $5,166,000 compared with $1,907,000 a year ago. Operating income was $2,501,000 compared with $449,000 a year ago. Income before income taxes was $2,513,000 compared with $461,000 a year ago. Net income was $1,601,000 or $0.06 per diluted share compared with $782,000 or $0.03 per diluted share a year ago. For the six months, the company's royalty revenue was $9,657,000 compared with $5,971,000 a year ago. Operating income was $4,644,000 compared with $2,498,000 a year ago. Income before income taxes was $4,665,000 compared with $2,516,000 a year ago. Net income was $2,997,000 or $0.11 per diluted share compared with $2,174,000 or $0.08 per diluted share a year ago.

 

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NTIP

Industry Average

Valuation NTIP Industry Range
Price/Earnings 31.4x
Price/Sales 4.7x
Price/Book 1.9x
Price/Cash Flow 15.4x
TEV/Sales 3.0x
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