Network-1 Technologies, Inc. develops, licenses, and protects intellectual property assets. The company owns 95 patents, including the Cox patent portfolio relating to enabling technology for identifying media content on the Internet; M2M/IoT patent portfolio related to enabling technology for authenticating, provisioning, and using embedded sim cards in next generation IoT, machine-to-machine, and other mobile devices, including smartphones, tablets, and computers; and HFT patent portfolio covering technologies relating to high frequency trading that addresses technological problems associated with speed and latency, and provide critical latency gains in trading systems. Its patents also comprise the Mirror Worlds patent portfolio relating to foundational technologies that enable unified search and indexing, displaying, and archiving of documents in a computer system; and the remote power patent covering 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. The company was formerly known as Network-1 Security Solutions, Inc. and changed its name to Network-1 Technologies, Inc. in October 2013. Network-1 Technologies, Inc. was incorporated in 1990 and is headquartered in New Canaan, Connecticut.
AI Generated Analysis | Feedback
Here are 1-3 brief analogies to describe Network-1 Technologies (NTIP):
- Network-1 Technologies is like **Xperi Corporation (XPER) focused purely on patent licensing across diverse technologies.**
- Network-1 Technologies is like **InterDigital (IDCC) for acquiring and licensing a broader portfolio of technology patents.**
- Network-1 Technologies is like a **Real Estate Investment Trust (REIT) for intellectual property.**
AI Generated Analysis | Feedback
-
Patent Acquisitions: The service of identifying, evaluating, and purchasing patents from third-party inventors or companies.
-
Patent Licensing: The service of granting legal permission to other entities to use their acquired patents in exchange for royalties or fees.
-
Patent Enforcement: The service of protecting their patent rights against infringement, often involving legal actions to secure licensing revenues or damages.
AI Generated Analysis | Feedback
```html
Major Customers of Network-1 Technologies (NTIP)
Network-1 Technologies (NTIP) primarily operates as an intellectual property (IP) licensing and enforcement company. Its "customers" are typically other companies that license its patents, often following negotiation or litigation.
According to its public filings, Network-1 Technologies frequently enters into confidential licensing agreements, meaning the identities of some of its major current licensees are not publicly disclosed. However, the company has publicly identified certain companies as licensees for specific patent portfolios, particularly its M2M/IoT patent portfolio.
Based on its latest SEC filings (e.g., its Annual Report on Form 10-K), examples of companies that have entered into license agreements with Network-1 Technologies include:
- AT&T Inc. (NYSE: T)
- T-Mobile US, Inc. (NASDAQ: TMUS) (as successor to Sprint Corporation)
- Verizon Communications Inc. (NYSE: VZ)
These companies represent major players in the telecommunications and technology sectors, which are the primary target market for Network-1's IP licensing efforts. Other past licensees have included various large technology companies, although these are not consistently listed as current "major customers" in ongoing reports due to the nature of IP licensing (often one-time or term-limited agreements).
```
AI Generated Analysis | Feedback
Corey M. Horowitz, Chairman and Chief Executive Officer
Corey M. Horowitz became the Chairman and Chief Executive Officer of Network-1 Technologies in December 2003. He has also served as Chairman of the Board of Directors since January 1996 and has been a member of the Board since April 1994. Mr. Horowitz possesses significant experience and expertise in the intellectual property field, with a strong understanding of patent acquisition, licensing, and enforcement, combined with private equity and corporate transactional experience. Since December 2018, he has also served as a Member of the Board of Managers at ILiAD Biotechnologies, LLC.
Robert M. Mahan, Chief Financial Officer
Robert M. Mahan was appointed Chief Financial Officer of Network-1 Technologies in December 2022. He is the founder and President of Management and Financial Services, Inc., a consulting firm established in 2011 that offers general management, financial, and operations consulting to both private and public companies. Since March 2023, he has also held the position of Chief Financial Officer for Back Office Staffing Solutions, LLC, a private company. Previously, Mr. Mahan served as Interim Chief Financial Officer of XWELL, Inc. (formerly XpresSpa Group, Inc.) from May 2021 to February 2022. From November 2016 through April 2019, he was the Chief Financial Officer of SkyBell Technologies, Inc.
Jonathan M. Greene, Executive Vice President
Jonathan M. Greene became Executive Vice President of Network-1 Technologies in October 2013. Prior to this, he worked as a consultant for the company from December 2004 to March 2013, focusing on technical and marketing analysis for its intellectual property portfolio. His earlier experience includes serving as a marketing consultant for Avatier Corporation (April 2006 to February 2009), a consultant for Neartek, Inc. and Kavado Inc. (August 2003 to December 2004), and Director of Product Management for FalconStor Software, Inc. (January 2003 to July 2003). He also served as Senior Vice President of Marketing and Business Development for Network-1 from December 2001 to December 2002, and Senior Vice President of Marketing for Panacya Inc. from December 1999 to September 2001.
AI Generated Analysis | Feedback
The key risks to Network-1 Technologies (NTIP) are:
- Dependence on Patent Licensing Revenue and "Patent Cliff" Risk: Network-1 Technologies' business model is fundamentally reliant on the acquisition, licensing, and enforcement of its intellectual property. The company's revenue is directly tied to the successful licensing of its patents and the outcomes of often uncertain patent litigation. A significant risk is the finite life of patents, which leads to a "patent cliff" effect; as core revenue-generating patents, like the Remote Power Patent, expire, the company faces the continuous challenge of acquiring and monetizing new valuable intellectual property to sustain its operations. Recent financial reports indicate minimal revenue generated from a litigation settlement tied to an expired patent, underscoring the difficulty in replacing revenue streams from maturing patent portfolios.
- Risk of Technology Obsolescence: As a company whose primary assets are technology patents, Network-1 Technologies faces the inherent risk that the technologies covered by its patents could become obsolete. This obsolescence would diminish the value and licensing potential of its intellectual property, directly impacting the company's ability to generate future revenue.
- Low Trading Volume and Liquidity Risk: Network-1 Technologies' stock can experience periods of low trading volume, which contributes to increased general risk for investors. Low liquidity can result in higher price volatility and may hinder investors' ability to buy or sell shares efficiently at desired prices.
AI Generated Analysis | Feedback
Network-1 Technologies (NTIP) operates primarily in the intellectual property (IP) development, licensing, and protection sector, with its main services revolving around patent monetization through licensing agreements and enforcement.
The addressable market for Network-1 Technologies can be identified within the broader global intellectual property licensing market and, more specifically, the global patent licensing market.
-
The **global intellectual property licensing market** was valued at approximately USD 340 billion in 2024 and is anticipated to reach USD 580 billion by 2033, exhibiting a compound annual growth rate (CAGR) of 6.1% from 2025 to 2033. North America is a leading region in this market, holding approximately 40% market share.
-
Within the intellectual property licensing market, **patents** represent the largest category, accounting for approximately 65% of total licensing transactions and revenues globally. Based on the broader IP licensing market, this would suggest a global patent licensing market of roughly USD 221 billion in 2024.
-
Other estimates for the **global patent licensing market** specifically project it to reach USD 150 billion by 2024. The United States accounts for a significant portion, representing 35% of global patent licensing deals.
-
The **global patent monetization market** was identified at USD 180 billion in 2020 and is expected to grow at a CAGR of 21.9% from 2021 to 2028.
AI Generated Analysis | Feedback
Here are 3-5 expected drivers of future revenue growth for Network-1 Technologies (NTIP) over the next 2-3 years:
-
Successful Enforcement and Licensing of Existing Patent Portfolios: Network-1 Technologies' primary business model revolves around enforcing and licensing its patent portfolio. Revenue is generated through negotiated licensing agreements and, when necessary, litigation to protect its patents. The company's patent assets include those related to Power over Ethernet (PoE), network security, and the High-Frequency Trading (HFT) Patent Portfolio. Recent revenue has stemmed from litigation settlements related to its Remote Power Patent. Continued success in these efforts, including ongoing legal cases and potential new suits, will be a key revenue driver.
-
Monetization of Recently Acquired Patent Portfolios: The company actively seeks strategic acquisitions of complementary patent portfolios to expand its licensing opportunities. A notable recent acquisition was the "Smart Home Patent Portfolio" in March 2025, which includes U.S. and international patents and pending applications related to enabling technology for the interoperability of smart home IoT devices. Successful licensing and enforcement of this new portfolio are expected to contribute to future revenue growth.
-
Strategic Acquisition of Additional Complementary Patent Portfolios: Network-1's management team continuously evaluates its portfolio for enforcement and licensing prospects and actively explores new patent assets to strengthen its licensing platform. Future revenue growth will also be driven by the identification and acquisition of additional intellectual property assets that can be monetized through licensing or litigation.
-
Expansion of Global Licensing Arrangements: The company has a history of securing licensing arrangements across various geographies, including North America, Europe, and Asia. Expanding these existing relationships and establishing new licensing agreements with manufacturers and distributors of networking and power delivery equipment on a global basis will be a significant factor in driving revenue growth.
AI Generated Analysis | Feedback
Share Repurchases
- Network-1 Technologies' Board of Directors extended its share repurchase program on June 17, 2025, authorizing the repurchase of up to an additional $5 million of common stock over the next two years.
- As of September 30, 2025, the remaining dollar value of shares that could be repurchased under the program was $4,916,425.
- During the nine months ended September 30, 2025, Network-1 repurchased 208,178 shares of its common stock at an aggregate cost of $280,623.
Outbound Investments
- Network-1 Technologies' core strategy involves acquiring and investing in high-quality patents that have the potential to generate significant licensing opportunities.
- In 2025, Network-1 acquired a Smart Home Patent Portfolio for $400,000, plus contingent terms. This acquisition expanded its patent portfolio to include smart home IoT patents.
