Network-1 Technologies, Inc. (NTIP) financial statements (2022 and earlier)

Company profile

Business Address 65 LOCUST AVENUE
NEW CANAAN, CT 06840
State of Incorp. DE
Fiscal Year End December 31
SIC 6794 - Patent Owners and Lessors (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments59,62344,87148,31754,99154,15551,98321,669
Cash and cash equivalents44,49725,50522,58718,68053,10150,91820,608
Short-term investments15,12619,36625,73036,3111,0541,0651,061
Receivables  3434445752,8791,537
Prepaid expense    1251,195 
Other current assets150120981128383196
Total current assets:59,77344,99148,75855,54754,93856,14023,402
Noncurrent Assets
Operating lease, right-of-use asset  41
Long-term investments and receivables2,6513,6504,4372,541   
Long-term investments2,6513,6504,4372,541   
Intangible assets, net (including goodwill) 1,5786,860 2,1691,2312,002
Goodwill  5,041    
Intangible assets, net (excluding goodwill) 1,5781,819 2,1691,2312,002
Other undisclosed noncurrent assets2,397975(5,020)2,1781872264,977
Total noncurrent assets:5,0486,2036,3184,7192,3561,4576,979
TOTAL ASSETS:64,82151,19455,07660,26657,29457,59730,381
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities3,9711,1001,0369251,1902,0441,691
Accounts payable45959742167244171139
Accrued liabilities1802262311752371251,552
Employee-related liabilities3802773344867091,748 
Taxes payable2,952 50197   
Debt  41    
Other undisclosed current liabilities137      
Total current liabilities:4,1081,1001,0779251,1902,0441,691
Noncurrent Liabilities
Long-term debt and lease obligation, including:  41    
Other undisclosed long-term debt and lease obligation  41    
Liabilities, other than long-term debt554      
Deferred income tax liabilities554  
Total noncurrent liabilities:554 41    
Other undisclosed liabilities 9324511,1361,6922,681 
Total liabilities:4,6622,0321,5692,0612,8824,7251,691
Stockholders' equity
Stockholders' equity attributable to parent60,15949,16253,50758,20554,41252,87228,690
Common stock238241240237238238232
Additional paid in capital66,36166,12465,82465,15164,43562,36761,249
Accumulated other comprehensive income (loss)(12)(10)79(81)(42)(31)(35)
Accumulated deficit(6,428)(17,193)(12,636)(7,102)(10,219)(9,702)(32,756)
Total stockholders' equity:60,15949,16253,50758,20554,41252,87228,690
TOTAL LIABILITIES AND EQUITY:64,82151,19455,07660,26657,29457,59730,381

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues36,0294,4033,03722,10616,45165,08816,565
Revenue, net16,45165,0888,403
Cost of revenue(12,147)(1,653)(882)(8,072)(4,970)(25,794)(5,506)
Gross profit:23,8822,7502,15514,03411,48139,29411,059
Operating expenses(16,443) (5,391)(12,939)(10,437)(32,988)(12,638)
Other undisclosed operating income12,147 8828,0724,97025,7945,506
Operating income (loss):19,5862,750(2,354)9,1676,01432,1003,927
Nonoperating income1547871,187847   
Investment income, nonoperating(999)787604    
Interest and debt expense (292)(285)(290)(206)(813)(1,655)
Other undisclosed income from continuing operations before equity method investments, income taxes  2852904218741,713
Income (loss) from continuing operations before equity method investments, income taxes:19,7403,245(1,167)10,0146,22932,1613,985
Income (loss) from equity method investments15,280(922)(1,188)    
Income (loss) from continuing operations before income taxes:35,0202,323(2,355)10,0146,22932,1613,985
Income tax expense (benefit)  (21)(2,308)(2,096)(8,938)122
Income (loss) before gain (loss) on sale of properties:35,0202,323(2,376)7,7064,13323,2234,107
Other undisclosed net income (loss) (4,032)584    
Net income (loss):35,020(1,709)(1,792)7,7064,13323,2234,107
Other undisclosed net loss attributable to parent(20,739)      
Net income (loss) available to common stockholders, diluted:14,281(1,709)(1,792)7,7064,13323,2234,107

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):35,020(1,709)(1,792)7,7064,13323,2234,107
Other comprehensive income (loss)    (11)4(18)
Comprehensive income (loss):35,020(1,709)(1,792)7,7064,12223,2274,089
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(20,741)(89)160(39)   
Comprehensive income (loss), net of tax, attributable to parent:14,279(1,798)(1,632)7,6674,12223,2274,089

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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