Network-1 Technologies, Inc. announced its financial results for the year ended December 31, 2024, on February 28, 2025. The company reported revenue of $100,000 for the full year 2024.
This figure represents a significant decrease compared to the revenue of $2,601,000 reported for the year ended December 31, 2023. The decline underscores the ongoing impact of the expiration of Network-1's Remote Power Patent.
The results highlight the company's current transitional phase as it works to monetize its newer intellectual property portfolios. Generating substantial revenue from these new assets remains a key focus for Network-1.
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