Indian Tech and Make in India Drive Operation Sindoor's Success, Says PM Modi

Indian Prime Minister Narendra Modi credits the country's tech and "Make In India" initiatives for the success of Operation Sindoor, which targeted terror hubs in Pakistan and brought the country to its knees within a few hours. Modi says Bengaluru and its youth played a major role in the operation.

Network-1 Technologies (NYSE AMERICAN:NTIP) reported its Q2 2025 financial results, showing a reduced net loss of $463,000 ($0.02 per share) compared to $658,000 in Q2 2024. The company recorded no revenue for Q2 2025 but reported $150,000 for H1 2025. Key developments include initiating patent litigation against Samsung for eSIM and 5G technology infringement, acquiring a Smart Home Patent Portfolio, and expanding their share repurchase program to $5 million. The company maintains a strong financial position with $38.5 million in cash and marketable securities and continues its semi-annual dividend policy of $0.05 per share.

Network-1's Q2 2025 results reveal a mixed financial picture. The company reported no revenue for the quarter, compared to $100,000 in Q2 2024. For the first half of 2025, revenue was $150,000, primarily from litigation settlements involving their Remote Power Patent. Despite the absence of Q2 revenue, Network-1 managed to narrow its quarterly net loss to $463,000 ($0.02 per share), a 30% improvement from the $658,000 ($0.03 per share) loss in Q2 2024. This improvement occurred despite ongoing losses from their equity investment in ILiAD Biotechnologies, which contributed $279,000 to the quarterly loss (down from $677,000 in the prior year). The six-month results follow a similar pattern, with Network-1 reducing its net loss to $826,000 ($0.04 per share) from $1,578,000 ($0.07 per share) in the comparable period of 2024. The company's share of ILiAD Biotechnologies' losses decreased to $741,000 from $1,305,000.

The company's business strategy continues to focus on intellectual property monetization. In a significant development, Network-1 initiated patent litigation against Samsung on June 27, 2025, alleging infringement of patents in their M2M/IoT Portfolio related to eSIM and 5G technologies in Samsung's mobile devices. This legal action represents a potential future revenue source, aligning with Network-1's litigation-based business model. The company's strategic acquisitions continued with the March 2025 purchase of a Smart Home Patent Portfolio from IoT and M2M Technologies, expanding their intellectual property assets with eight U.S. patents, one international patent, and multiple pending applications.

Network-1 maintains a robust financial position with $38,485,000 in cash, cash equivalents, and marketable securities as of June 30, 2025. The company expressed confidence in having sufficient resources to fund operations for at least the next twelve months. Shareholder returns continue through a consistent dividend policy ($0.05 per share semi-annually) and an expanded share repurchase program, which was increased to $5,000,000 in June 2025. During Q2, the company repurchased 44,811 shares at an average price of $1.23.

References:
[1] https://www.stocktitan.net/news/NTIP/network-1-reports-second-quarter-2025-a6czyq66x47.html