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Network-1 Technologies logo

Network-1 Technologies

NTIP
25
Specialty Business Services · Industrials
Price
$1.60
-0.03 (-1.84%)
Market Cap
$36.6M
Exchange
New York Stock Exchange American
Winston Score
25
Winston is worried
Below-average fundamentals — multiple weak pillars.
Based on the IPO prospectus (annual filing). This score will refine automatically once the company reports its first quarters.
Data as of Jul 25, 2026 · filings through Mar 31, 2026

Share count falling — buybacks

6.9% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 24.5M (2021) → 22.8M (2025)

Network-1 Technologies is a patent licensing company. It owns a portfolio of patents and earns money by licensing those patents to other businesses that use the underlying technologies. Its main "customers" are companies in industries like networking, digital media, and consumer electronics that need to pay for the right to use Network-1's patented inventions.

The company makes money almost entirely from licensing fees and legal settlements — it does not manufacture or sell any physical products. Network-1 operates primarily in the United States and is a very small company, with most of its value tied to its patent portfolio rather than ongoing operations. Its competitive position depends heavily on the strength and remaining lifespan of its patents, which creates significant risk: as key patents expire, the company's ability to generate revenue shrinks, and finding new patents to monetize is uncertain.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-100.0% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-41.8% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (4%)

Research and development spending

Insider Activity

40.4%ownership

Insiders own a meaningful stake in the company

Cash Runway

5+ years

Quarterly Free Cash Flow

$37M cash & investments at current burn rate

Revenue declining

Network-1 Technologies's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

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Quality

Gross Margin
72.0%
Premium pricing power — 72.0% gross margin
Operating Margin
-2204.0%
Losing money on operations — -2204.0%
ROCE
-8.4%
Weak — -8.4% return on capital

Negative ROIC means the business is losing money on every dollar invested in it.

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Growth

Sales YoY
+50.0%
Fast-growing sales (50.0% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
N/A
Data not available

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Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
-579.3%
Burning cash (-579.3%)

Free cash flow is negative. They are burning cash, not generating it.

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Stability

Debt / Equity
0.00
Conservative — low debt load (0.00)
Interest Cover
N/A
Data not available

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Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

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Dividends

Not applicable for this business.
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