Overview
Compare with RESEARCH FRONTIERS INC, AI Era Corp. or ALPHA MODUS HOLDINGS, INC., or pick any stock.
- TickerNTIP on NYSE2
- IndustryPatent Owners & Lessors2
- HeadquartersNew York, United States2
- Incorporated inMA3
- Business address65 Locust Avenue, New Canaan, Ct 068403
- Filer categoryNon-accelerated filer, Smaller reporting company3
- Legal formCorporation2
- LEI529900GYEMDKBILURW282
- StatusActive2
- LEI statusLapsed (not renewed)2
- Registered addressCOGENCY GLOBAL INC., 850 NEW BURTON ROAD SUITE 201, 19904 Dover, United States2
- Registered withDivision of Corporations, Department of State, 22359292
See how the biggest companies compare on our leaderboards
The expiration dates within our HFT Patent Portfolio range from October 2039 to February 2040.5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue10¢$42.0K
- Income tax90¢$368.0K
Out of $150.0K in revenue.6 The company lost money this year.
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| REVENUE | $150.0K | $100.0K |
| Costs of revenue | $42.0K | $28.0K |
| Professional fees and related costs | $788.0K | $959.0K |
| General and administrative | $2.5M | $2.6M |
| Amortization of patents | $141.0K | $120.0K |
| TOTAL OPERATING EXPENSES | $3.5M | $3.7M |
| OPERATING LOSS | -$3.3M | -$3.6M |
| Interest and dividend income, net | $1.8M | $1.9M |
| Net realized and unrealized gain on marketable securities | $277.0K | $177.0K |
| Total other income, net | $2.1M | $2.1M |
| LOSS BEFORE INCOME TAXES AND SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE | -$1.2M | -$1.5M |
| Current | -$31.0K | |
| Deferred taxes, net | -$337.0K | -$425.0K |
| Total income taxes benefit | -$368.0K | -$425.0K |
| LOSS BEFORE SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE: | -$817.0K | -$1.1M |
| SHARE OF NET LOSSES OF EQUITY METHOD INVESTEE | -$1.6M | -$1.9M |
| NET LOSS | -$2.4M | -$3.0M |
| Basic | -$0.11 | -$0.13 |
| Diluted | -$0.11 | -$0.13 |
| Basic | 22.8M shares | 23.3M shares |
| Diluted | 22.8M shares | 23.3M shares |
| Cash dividends declared per share | $0.10 | $0.10 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $13.4M | $13.1M | |
| Marketable securities, at fair value | $23.5M | $27.5M | |
| Other current assets | $237.0K | $232.0K | |
| Total Current Assets | $37.1M | $40.8M | |
| Patents, net of accumulated amortization | $1.5M | $1.2M | |
| Equity method investment | $1.7M | $3.3M | |
| Operating leases right of use asset | $27.0K | ||
| Security deposits | $13.0K | $13.0K | |
| Total Other Assets | $3.2M | $4.6M | |
| TOTAL ASSETS | $40.3M | $45.4M | |
| Accounts payable | $253.0K | $203.0K | |
| Accrued payroll | $289.0K | $292.0K | |
| Other accrued expenses | $228.0K | $247.0K | |
| Operating lease obligations | $24.0K | ||
| Total Current Liabilities | $770.0K | $766.0K | |
| Deferred tax liability | $337.0K | ||
| TOTAL LIABILITIES | $770.0K | $1.1M | |
| Common stock, $0.01 par value; authorized 50,000,000 shares; 22,824,009 and 22,961,619 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $228.0K | $229.0K | |
| Additional paid-in capital | $63.4M | $65.5M | |
| Accumulated deficit | -$24.1M | -$21.4M | |
| TOTAL STOCKHOLDERS EQUITY | $39.6M | $44.3M | $50.7M |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | $40.3M | $45.4M | |
| Preferred stock, par value | $0.01 | $0.01 | |
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Common stock, par value | $0.01 | $0.01 | |
| Common stock, shares authorized | 50.0M shares | 50.0M shares | |
| Common stock, shares issued | 22.8M shares | 23.0M shares | |
| Common stock, shares outstanding | 22.8M shares | 23.0M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $13.4M | $13.1M | |
| Marketable securities, at fair value | $23.5M | $27.5M | |
| Other current assets | $237.0K | $232.0K | |
| Total Current Assets | $37.1M | $40.8M | |
| Patents, net of accumulated amortization | $1.5M | $1.2M | |
| Equity method investment | $1.7M | $3.3M | |
| Operating leases right of use asset | $27.0K | ||
| Security deposits | $13.0K | $13.0K | |
| Total Other Assets | $3.2M | $4.6M | |
| TOTAL ASSETS | $40.3M | $45.4M | |
| Accounts payable | $253.0K | $203.0K | |
| Accrued payroll | $289.0K | $292.0K | |
| Other accrued expenses | $228.0K | $247.0K | |
| Operating lease obligations | $24.0K | ||
| Total Current Liabilities | $770.0K | $766.0K | |
| Deferred tax liability | $337.0K | ||
| TOTAL LIABILITIES | $770.0K | $1.1M | |
| Common stock, $0.01 par value; authorized 50,000,000 shares; 22,824,009 and 22,961,619 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | $228.0K | $229.0K | |
| Additional paid-in capital | $63.4M | $65.5M | |
| Accumulated deficit | -$24.1M | -$21.4M | |
| TOTAL STOCKHOLDERS EQUITY | $39.6M | $44.3M | $50.7M |
| TOTAL LIABILITIES AND STOCKHOLDERS EQUITY | $40.3M | $45.4M | |
| Preferred stock, par value | $0.01 | $0.01 | |
| Preferred stock, shares authorized | 10.0M shares | 10.0M shares | |
| Preferred stock, shares issued | 0 shares | 0 shares | |
| Preferred stock, shares outstanding | 0 shares | 0 shares | |
| Common stock, par value | $0.01 | $0.01 | |
| Common stock, shares authorized | 50.0M shares | 50.0M shares | |
| Common stock, shares issued | 22.8M shares | 23.0M shares | |
| Common stock, shares outstanding | 22.8M shares | 23.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net loss | -$2.4M | -$3.0M |
| Amortization of patents | $141.0K | $120.0K |
| Stock-based compensation | $307.0K | $399.0K |
| Loss allocated from equity investment | $1.6M | $1.9M |
| Deferred tax benefit | -$337.0K | -$425.0K |
| Amortization of right of use asset, net | $27.0K | $64.0K |
| Unrealized (gain) loss on marketable securities | -$149.0K | $67.0K |
| Other current assets | -$5.0K | -$26.0K |
| Accounts payable | $50.0K | $79.0K |
| Operating lease obligations | -$24.0K | -$74.0K |
| Accrued expenses | -$62.0K | -$158.0K |
| NET CASH USED IN OPERATING ACTIVITIES | -$869.0K | -$1.1M |
| Sales of marketable securities | $16.2M | $15.2M |
| Purchases of marketable securities | -$12.0M | -$14.2M |
| Acquisition of patents | -$415.0K | |
| NET CASH PROVIDED BY INVESTING ACTIVITIES | $3.7M | $1.0M |
| Cash dividends paid | -$2.3M | -$2.4M |
| Value of shares delivered to fund withholding taxes | -$7.0K | -$63.0K |
| Repurchases of common stock, inclusive of commissions and excise tax | -$293.0K | -$1.3M |
| NET CASH USED IN FINANCING ACTIVITIES | -$2.6M | -$3.7M |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | $257.0K | -$3.8M |
| Accrued dividend rights on restricted stock units | $51.0K | $59.0K |
| Right-of-use asset for lease liability | $75.0K |
No quarter-by-quarter statement was filed.
Corporate structure
NETWORK-1 TECHNOLOGIES, INC. sits at the top of its group. 3 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of NETWORK-1 TECHNOLOGIES, INC.
- Steven D. Heinemann Filed SCHEDULE 13G/A on NETWORK-1 TECHNOLOGIES, INC., latest Aug 12, 2026 (6 filings since Feb 4, 2022)
- CANNELL CAPITAL LLC Filed SCHEDULE 13G on NETWORK-1 TECHNOLOGIES, INC., latest Feb 17, 2026
- Clayton Partners LLC Filed SCHEDULE 13G/A on NETWORK-1 TECHNOLOGIES, INC., latest Feb 9, 2026 (4 filings since Jul 7, 2023)
- NETWORK-1 TECHNOLOGIES, INC. New York, New York, United States
- HFT Solutions, LLC Subsidiary · Delaware, United States
- Mirror Worlds Technologies, LLC Subsidiary · Delaware, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What NETWORK-1 TECHNOLOGIES, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Operating-lease assets (leased space) | $27.0K6 Dec 31, 2024 | $16.0K10 Dec 31, 2023 | +68.8% |
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $13.4M6 Dec 31, 2025 | $13.1M6 Dec 31, 2024 | +2.0% |
| Marketable securities, current | $23.5M6 Dec 31, 2025 | $27.5M6 Dec 31, 2024 | −14.5% |
| Stakes in other companies (equity method) | $1.7M6 Dec 31, 2025 | $3.3M6 Dec 31, 2024 | −48.0% |
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Finite-lived intangibles, gross | $8.9M6 Dec 31, 2025 | $8.5M6 Dec 31, 2024 | +4.9% |
| Accumulated amortization | $7.4M6 Dec 31, 2025 | $7.3M6 Dec 31, 2024 | +1.9% |
| Finite-lived intangibles, net | $1.5M6 Dec 31, 2025 | $1.2M10 Dec 31, 2024 | +22.7% |
| Patents, net | $1.5M6 Dec 31, 2025 | $1.2M6 Dec 31, 2024 | +22.7% |
Properties, in its own words
Our principal executive offices are located in New Canaan, Connecticut, where we lease approximately 2,000 square feet of office space at a base rent of $5,500 per month. The lease expires on April 30, 2026. We believe that our office facility is suitable and appropriate to support our current needs.
Item 2 of the 10-K filed Mar 13, 2026.5
Leadership
Who has led NETWORK-1 TECHNOLOGIES, INC., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerCorey M. Horowitz Feb 13, 2006 to Mar 26, 202414
- ChairCorey M. Horowitz Feb 13, 2006 to Mar 26, 202414
- Chief financial officerRobert Michael Mahan Dec 23, 2022 to now15
- Chief financial officerDavid C. Kahn Dec 22, 2006 to Dec 30, 202116
Board members and other officers (10)
- Executive Vice PresidentJonathan M. Greene Oct 18, 2013 to now17
- Board memberJonathan M. Greene Jan 3, 2023 to now18
- Board memberEmanuel R. Pearlman Feb 2, 2012 to Feb 26, 202419
- Board memberDavid C. Kahn Apr 16, 2012 to Dec 30, 202120
- Board memberAllison C. Hoffman Dec 20, 2012 to now21
- Board memberNiv Harizman Dec 20, 2012 to now22
- Board memberHarry B. Schessel Feb 6, 2006 to Feb 6, 200623
- Board memberRobert Graifman Feb 6, 2006 to Jan 3, 200824
- Board memberLaurent Ohana Dec 21, 2006 to Jan 25, 201325
- Board memberRobert M. Pons Dec 21, 2006 to Dec 21, 201226
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
Timeline
- Sep 22, 20268-K Shareholder vote27
- Sep 8, 20268-K Other events28
- Aug 10, 20268-K Results of operations29
- Jul 6, 20268-K Other events30
- Jul 2, 20268-K Other events31
- May 12, 20268-K Results of operations32
- Apr 28, 20268-K Other events33
- Mar 17, 20268-K Results of operations34
- Mar 3, 20268-K Other events35
- Dec 30, 20258-K Other events36
- Nov 12, 20258-K Results of operations37
- Oct 6, 20258-K Shareholder vote38
- Feb 13, 2006New chief executive Corey M. Horowitz becomes CEO14
Calendar
Coming up
- Nov 5, 2026Reports results for the quarter ending Sep/202639
When it reported results
- Aug 10, 2026Reported quarterly or annual results29
- May 12, 2026Reported quarterly or annual results32
- Mar 17, 2026Reported quarterly or annual results34
- Nov 12, 2025Reported quarterly or annual results37
- Aug 12, 2025Reported quarterly or annual results40
- May 14, 2025Reported quarterly or annual results41
- Mar 5, 2025Reported quarterly or annual results42
- Oct 28, 2024Reported quarterly or annual results43
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
154 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 74 major events, 43 insider forms, 11 large holders, 6 other. The latest 20:
- Sep 22, 20264 ROBERT MAHAN - FORM 4 EDGAR
- Sep 22, 20268-K FORM 8K DATED SEPTEMBER 16, 2026 EDGAR
- Sep 8, 20268-K FORM 8K DATED SEPTEMBER 3, 2026 EDGAR
- Aug 12, 2026SCHEDULE 13G/A EDGAR
- Aug 10, 20268-K FORM 8K DATED AUGUST 6, 2026 EDGAR
- Aug 6, 202610-Q FORM 10-Q FOR PERIOD ENDED JUNE 30, 2026 EDGAR
- Jul 23, 2026DEF 14A NETWORK-1 TECHNOLOGIES, INC. --- DEFINITIVE PROXY STATEMENT EDGAR
- Jul 6, 20268-K FORM 8K DATED JULY 1, 2026 EDGAR
- Jul 2, 20268-K FORM 8K DATED JUNE 29, 2026 EDGAR
- May 12, 20268-K FORM 8K DATED MAY 8, 2026 EDGAR
- May 8, 202610-Q FORM 10-Q FOR PERIOD ENDED MARCH 31, 2026 EDGAR
- Apr 28, 20268-K FORM 8K DATED APRIL 23, 2026 EDGAR
- Mar 17, 20268-K FORM 8K DATED MARCH 13, 2026 EDGAR
- Mar 13, 202610-K FORM 10K FOR YEAR ENDED DECEMBER 31, 2025 EDGAR
- Mar 3, 20264 EDGAR
- Mar 3, 20268-K FORM 8K DATED FEBRUARY 27, 2026 EDGAR
- Mar 3, 20264 EDGAR
- Feb 20, 20264 ROBERT MAHAN - FORM 4 EDGAR
- Feb 20, 20264 JONATHAN GREENE - FORM 4 EDGAR
- Feb 17, 2026SCHEDULE 13G EDGAR
The 154 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Steven D. HeinemannSCHEDULE 13G/A, 6 filings Feb 4, 2022 to Aug 12, 202644
- CANNELL CAPITAL LLCSCHEDULE 13G, 1 filing Feb 17, 202645
- Clayton Partners LLCSCHEDULE 13G/A, 4 filings Jul 7, 2023 to Feb 9, 202646
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Corey M. Horowitz | 71 | $579.4K | $733.4K47 |
| 2025 | Jonathan Greene | 64 | $245.8K | $387.4K47 |
| 2025 | Robert Mahan | $175.0K | $281.4K47 | |
| 2024 | Chairman and Chief Executive Officer | $562.5K | $753.5K47 | |
| 2024 | Executive VicePresident | $200.0K | $335.7K47 | |
| 2024 | Chief Financial Officer | $175.0K | $203.8K47 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 31. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Cannell Capital LLC | 1,275,213 | $1.9M | 1.3% | +133,238 |
| Clayton Partners LLC | 1,029,443 | $1.5M | 1.0% | +50,305 |
| Vanguard Capital Management LLC | 553,311 | $813.4K | 0.0% | +51,377 |
| Renaissance Technologies LLC | 428,344 | $629.7K | 0.0% | −33,100 |
| Saybrook Capital /nc | 330,043 | $485.2K | 0.1% | No change |
| PNC Financial Services Group, Inc. | 270,000 | $396.9K | 0.0% | No change |
| Canton Hathaway, LLC | 245,673 | $361.1K | 0.1% | −35,065 |
| Dimensional Fund Advisors LP | 221,036 | $324.9K | 0.0% | −10,978 |
| Geode Capital Management, LLC | 130,766 | $192.3K | 0.0% | +33,602 |
| Bridgeway Capital Management, LLC | 129,161 | $189.9K | 0.0% | No change |
| Empowered Funds, LLC | 97,572 | $143.4K | 0.0% | No change |
| State Street Corp | 90,499 | $133.0K | 0.0% | +44,200 |
| Vanguard Fiduciary Trust Co | 79,667 | $117.1K | 0.0% | No change |
| Two Sigma Investments, LP | 71,500 | $105.1K | 0.0% | New |
| MYDA Advisors LLC | 69,675 | $102.4K | 0.0% | New |
| BlackRock, Inc. | 49,453 | $72.7K | 0.0% | New |
| Calydon Capital | 32,039 | $47.1K | 0.0% | No change |
| Northern Trust Corp | 27,338 | $40.2K | 0.0% | −12,644 |
| Rangeley Capital, LLC | 20,000 | $29.4K | 0.0% | New |
| Savvy Advisors, Inc. | 16,000 | $23.5K | 0.0% | No change |
| UBS Group AG | 11,958 | $17.6K | 0.0% | +10,878 |
| National Bank Of Canada /fi/ | 8,000 | $11.8K | 0.0% | +2,000 |
| Vanguard Global Advisers, LLC | 3,800 | $5.6K | 0.0% | No change |
| Tower Research Capital LLC (TRC) | 1,249 | $1.8K | 0.0% | −2,231 |
| Royal Bank Of Canada | 856 | $1.0K | 0.0% | +2 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How NETWORK-1 TECHNOLOGIES, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARNETWORK-1 TECHNOLOGIES, INC.1
- CIK0001065078
- Employer ID (EIN)11-30275915
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company5
- Incorporated inDelaware5
- Fiscal year endsDecember 311
- Industry code (SIC)6794 Patent Owners & Lessors1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address65 Locust Avenue, New Canaan, CT 068401
- Phone20392010551
- Shares outstanding22,863,181 as of Aug 3, 202613
- Public float$18.8M as of Jun 30, 20255
- AuditorGRASSI & CO., CPAs, P.C., Jericho, New York PCAOB ID 606; no auditor attestation of internal control over financial reporting5
- On EDGAR sinceJul 22, 19981
- Filings1,019 in all: 8-K (296), 4 (271), 424B3 (103), 10-Q (56), SC 13G/A (32), 10QSB (28), SC 13D/A (21), 10-K (18)1
All 45 form types
DEF 14A (17), 5 (16), 3 (14), POS AM (12), EFFECT (11), SC 13G (10), UPLOAD (10), 10KSB (9), NT 10-K (9), NT 10-Q (9), S-8 (8), 4/A (6), 10-Q/A (5), 8-K/A (5), CORRESP (5), SC 13D (5), SCHEDULE 13G/A (5), 10KSB/A (4), 10QSB/A (3), CT ORDER (3), PRE 14A (3), S-3 (3), 10-K/A (2), 8-A12B (2), S-1/A (2), S-2/A (2), S-3/A (2), SB-2 (2), SB-2/A (2), 10KSB40 (1), 8-A12G (1), CERTNYS (1), DEFS14A (1), REGDEX (1), REGDEX/A (1), S-1 (1), SCHEDULE 13G (1)
- Latest filingsAnnual report (10-K) Mar 13, 2026
Quarterly report (10-Q) Aug 6, 2026
Proxy statement (DEF 14A) Jul 23, 2026
Latest 8-K (8-K) Sep 22, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock $.01 par value | NTIP | NYSE |
From the cover page of the 10-K filed Mar 13, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks NETWORK-1 TECHNOLOGIES, INC. names in Item 1A of its 10-K filed Mar 13, 2026: 23 risks under these headings, as written.5
- Risks Related to Our Business
- Our revenue is uncertain as it is dependent upon litigation outcomes involving our patents which we cannot predict.
- If we are unable to protect our patents, our business would be negatively impacted.
- We may not achieve successful outcomes of litigations involving our HFT Patent Portfolio or M2M/IoT Patent Portfolio, which would have a material negative impact on our ability to achieve significant revenue and net income in the future.
- The outcome of our substantial investment in ILiAD is uncertain.
- We have been dependent upon our Remote Power Patent for a significant portion of our revenue in the past and we may not be able to generate future revenue from our other patents.
- We may not be able to capitalize in the future on our strategy to acquire high quality patents with significant licensing opportunities or enter into strategic relationships with third parties to license or otherwise monetize their intellectual property.
- The patent monetization cycle is long, costly and unpredictable.
- Our quarterly and annual operating and financial results, including our revenue, are difficult to predict and are likely to fluctuate significantly in future periods.
- In the future we could be classified as a Personal Holding Company resulting in a 20% tax on our PHC Income that we do not distribute to our shareholders.
- We are dependent upon our CEO and Chairman.
- Cash dividends may not be continued to be paid.
The other 12 risks
- Legislation, regulations, court rulings and actions by the USPTO have materially increased the risk and cost of enforcement of patents and may continue to do so in the future.
- The increasing development of artificial intelligence could impact our business.
- Changes in patent law could adversely impact our business.
- Our pending patent infringement litigations are time consuming and costly.
- We face intense competition to acquire intellectual property and enter into strategic relationships.
- Our markets are subject to rapid technological change and our technologies face potential technology obsolescence.
- The burdens of being a public company may adversely affect us including our ability to pursue litigation.
- General Risk Factors
- Investors may have limited influence on stockholder decisions because ownership of our common stock is concentrated.
- Our common stock may be delisted from the NYSE American exchange if we fail to comply with continued listing standards.
- There are inherent uncertainties involved in estimates, judgments and assumptions used in the preparation of financial statements in accordance with U.S. GAAP. Any changes in estimates, judgments and assumptions could have a material adverse effect on our business, financial condition, and operating results.
- Provisions in our corporate charter, by-laws and in Delaware law could make it more difficult for a third party to acquire us, discourage a takeover and adversely affect existing stockholders.
- Our stock price may be volatile.
Legal proceedings
M2M/IoT Patent Portfolio Litigation
On June 27, 2025, we commenced patent litigation against Samsung Electronics Co., LTD and Samsung Electronics America, Inc.(collectively, “Samsung”) in the United States District Court for the Eastern District of Texas for infringement of U.S. Patent No. 11,233,780, U.S. Patent No.11,916,893, U.S. Patent No.12,207,094, U.S. Patent No. 12,166,869, U.S. Patent No.11,606,204, and U.S. Patent No.11,973,864. All such patents are part of our M2M/IoT Patent Portfolio. The lawsuit alleges that Samsung infringes the asserted patents by supporting certain eSIM (embedded Subscriber Identification Module) and 5G technologies in its mobile devices, including its Galaxy smartphones, watches and tablets. The parties are conducting discovery. A trial date has been scheduled for June 7, 2027.
HFT Patent Portfolio Litigation
On December 24, 2024, our wholly-owned subsidiary, HFT Solutions, LLC (“HFT”), initiated patent litigations against Citadel Securities, LLC and Jump Trading, LLC in the United States District Court for the Northern District of Illinois for infringement of U.S. Patent No. 10,931,286, U.S. Patent No. 11,128,305, and U.S. Patent No. 11,575,381. All such patents are part of our HFT Patent Portfolio. In the Citadel action, on April 7, 2025, the defendant Citadel filed a motion to dismiss under 35 U.S.C. § 101, asserting that the asserted patents are directed to patent-ineligible subject matter. On December 1, 2025, the Court denied Citadel’s motion to dismiss. On January 5, 2026, Citadel filed its answer asserting defenses of non-infringement, patent invalidity and counterclaims for the same. In the Jump Trading action, on April 7, 2025, defendant filed an answer and counterclaims of non-infringement and invalidity of the asserted patents.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- 14
- 15
- 16
- 17
- 18SEC EDGARJonathan M. Greene, Board member
- 19SEC EDGAREmanuel R. Pearlman, Board member
- 20SEC EDGARDavid C. Kahn, Board member
- 21SEC EDGARAllison C. Hoffman, Board member
- 22SEC EDGARNiv Harizman, Board member
- 23SEC EDGARHarry B. Schessel, Board member
- 24SEC EDGARRobert Graifman, Board member
- 25SEC EDGARLaurent Ohana, Board member
- 26SEC EDGARRobert M. Pons, Board member
- 27SEC EDGARShareholder vote
- 28SEC EDGAROther events
- 29SEC EDGARResults of operations
- 30SEC EDGAROther events
- 31SEC EDGAROther events
- 32SEC EDGARResults of operations
- 33SEC EDGAROther events
- 34SEC EDGARResults of operations
- 35SEC EDGAROther events
- 36SEC EDGAROther events
- 37SEC EDGARResults of operations
- 38SEC EDGARShareholder vote
- 39NasdaqNasdaq calendar
- 40
- 41
- 42
- 43
- 44
- 45
- 46
- 47