Network-1 Q3 net loss widens to $2,333,000 on higher litigation costs
Network-1 reported no revenue for the quarter ended September 30, 2026, and a net loss of $2,333,000, or $0.10 per share, compared with a net loss of $560,000, or $0.02 per share, a year earlier. Operating expenses rose to $1,608,000 from $800,000, mainly due to higher litigation-related professional fees, and the company also recorded a $1,060,000 loss on marketable securities in the quarter. For shareholders, the loss grew while revenue stayed at zero, and cash, cash equivalents and marketable securities totaled $31,102,000 as of September 30, 2026.
Key points
- Q3 2026 revenue was zero, the same as Q3 2025; nine-month revenue fell to zero from $150,000 a year earlier.
- Q3 2026 net loss was $2,333,000 ($0.10 per share) versus $560,000 ($0.02 per share) in Q3 2025.
- Q3 2026 operating expenses were $1,608,000 versus $800,000, driven by litigation-related professional fees.
- Cash, cash equivalents and marketable securities were $31,102,000 as of September 30, 2026; the company declared a $0.05 per share dividend in the quarter.
The filing
Written by AI on Nov 9, 2026, 7:16 PM ET, from this filing only.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.