Business Context and Reporting Period
Company: NETWORK-1 TECHNOLOGIES, INC. (NTIP)
Filing Type: Form 8-K (Current Report)
Date of Report: December 11, 2024
Reporting Period: Event-based report regarding a specific corporate development on December 11, 2024.
Key Financial Metrics
This filing is a Current Report (Form 8-K) regarding a non-financial event. The document does not provide revenue, profit, cash flow, margins, debt, or liquidity figures. No financial statements are included in this specific report.
Material Changes
The filing reports the issuance of a new patent by the U.S. Patent and Trademark Office:
- Patent Number: U.S. Patent No. 12,166,869
- Title: "Key Deviation for a Module Using an Embedded Universal Integrated Circuit Card"
- Portfolio: Part of the company's M2M/IoT patent portfolio.
- Technology: Relates to enabling technology for authenticating and using embedded SIM cards (eSIMs) in next-generation IoT, Machine-to-Machine, and mobile devices (smartphones, tablets, computers, automobiles).
Guidance, Outlook, and Risks
Management Commentary: The filing highlights that eSIMs replace traditional SIM cards with internal circuitry capable of remote provisioning for wireless network access. No specific financial guidance, outlook, or risk factors were disclosed in this document.
Investor Verification Checklist
- Verify the commercial applicability and licensing potential of U.S. Patent No. 12,166,869.
- Review the attached Press Release (Exhibit 99.1) for additional strategic context regarding the eSIM technology.
- Consult the company's most recent 10-Q or 10-K filing for current financial performance, as this 8-K contains no financial data.