What the changes say
- The company relies heavily on patent monetization and ongoing litigations against firms like Citadel and Samsung.
- Remote Power patent revenue reached $188 million total through 2025 before enforcement stopped.
What changed since the prior 10-K
Reworded
- 76% rewrittenRisks Related to Our Business
We have been dependent upon our Remote Power Patent for a significant portion of our revenue in the past and we may not be able to generate future revenue from our other patents
Remote Power patent revenue grew to $150,000 for 2025, bringing cumulative revenue past $188,000,000, and the company stated it no longer intends to enforce the expired patent.
- 60% rewrittenRisks Related to Our Business
We may not achieve successful outcomes of litigations involving our HFT Patent Portfolio or M2M/IoT Patent Portfolio, which would have a material negative impact on our ability to achieve significant revenue and net income in the future
Added pending patent litigations filed in 2025 against Optiver US LLC and Optiver Trading US LLC, and Samsung Electronics Co., LTD and Samsung Electronics America, Inc.
Was: We may not achieve successful outcomes of litigations involving our HFT Patent Portfolio or be able to monetize our M2M/IoT Patent Portfolio, which would have a material negative impact on our ability to achieve significant revenue and net income in the future
- 43% rewrittenRisks Related to Our Business
Our pending patent infringement litigations are time consuming and costly
Added mention that USPTO proceedings are handled on a fixed fee basis rather than contingent legal fee arrangements.
- 40% rewrittenRisks Related to Our Business
The outcome of our substantial investment in ILiAD is uncertain
Added a specific cross-reference to Note H of the consolidated financial statements regarding risks for the $7,000,000 investment in ILiAD.
- 38% rewrittenRisks Related to Our Business
Our revenue is uncertain as it is dependent upon litigation outcomes involving our patents which we cannot predict
Updated pending litigation descriptions to include ongoing M2M/IoT Patent Portfolio cases alongside HFT and Cox patent matters.
- 31% rewrittenRisks Related to Our Business
We are dependent upon our CEO and Chairman
Added that the company and CEO Corey M. Horowitz are currently in discussions to extend his four-year employment agreement.
- 23% rewrittenRisks Related to Our Business
Investors may have limited influence on stockholder decisions because ownership of our common stock is concentrated
Updated insider ownership figure to 32.6% of common stock as of February 15, 2026, up from 31.9% previously.
All 22 risk factors
Headings as the filing states them, in filing order.
Risks Related to Our Business
- 01Our revenue is uncertain as it is dependent upon litigation outcomes involving our patents which we cannot predict38% rewritten
- 02If we are unable to protect our patents, our business would be negatively impacted
- 03We may not achieve successful outcomes of litigations involving our HFT Patent Portfolio or M2M/IoT Patent Portfolio, which would have a material negative impact on our ability to achieve significant revenue and net income in the future60% rewritten
- 04The outcome of our substantial investment in ILiAD is uncertain40% rewritten
- 05We have been dependent upon our Remote Power Patent for a significant portion of our revenue in the past and we may not be able to generate future revenue from our other patents76% rewritten
- 06We may not be able to capitalize in the future on our strategy to acquire high quality patents with significant licensing opportunities or enter into strategic relationships with third parties to license or otherwise monetize their intellectual property
- 07The patent monetization cycle is long, costly and unpredictable
- 08Our quarterly and annual operating and financial results, including our revenue, are difficult to predict and are likely to fluctuate significantly in future periods
- 09In the future we could be classified as a Personal Holding Company resulting in a 20% tax on our PHC Income that we do not distribute to our shareholders
- 10We are dependent upon our CEO and Chairman31% rewritten
- 11Cash dividends may not be continued to be paid
- 12Legislation, regulations, court rulings and actions by the USPTO have materially increased the risk and cost of enforcement of patents and may continue to do so in the future
- 13The increasing development of artificial intelligence could impact our business
- 14Changes in patent law could adversely impact our business
- 15Our pending patent infringement litigations are time consuming and costly43% rewritten
- 16We face intense competition to acquire intellectual property and enter into strategic relationships
- 17Our markets are subject to rapid technological change and our technologies face potential technology obsolescence
- 18The burdens of being a public company may adversely affect us including our ability to pursue litigation
- 19Investors may have limited influence on stockholder decisions because ownership of our common stock is concentrated23% rewritten
- 20Our common stock may be delisted from the NYSE American exchange if we fail to comply with continued listing standards
- 21Provisions in our corporate charter, by-laws and in Delaware law could make it more difficult for a third party to acquire us, discourage a takeover and adversely affect existing stockholders
- 22Our stock price may be volatile
Other Network-1 Technologies 10-Ks
- FY2024 10-K risk factors22 risks
Revenue depends heavily on unpredictable patent litigation outcomes and historical concentration in the Remote Power Patent. The company faces significant reliance on CEO Corey M. Horowitz and substantial capital exposure in biotech startup ILiAD. Patent enforcement costs and risks are amplified by adverse legislative, judicial, and artificial intelligence developments.
Filed Feb 28, 2025
About this page
The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.