Network-1 Security Solutions (OTC: NSSI) rose 1.54% yesterday, continuing its solid performance in 2012. The stock opened with a share price of $1.30, which mirrors the prior day\u2019s closing price, and closed at $1.32 after a breezy day of trading. In a market full of volatility, Network-1 Security Solutions is one of the few that has been maintaining solid status this year at the over-the-counter market. The market cap of the stock is $33.38 million based on its closing price yesterday.<\/p>\n
Network-1 Security Solutions\u2019 share price has a total gain of 10.92% since the start of 2012. The stock staged a huge rally from February 14th, 2012 to the beginning of March, and has been maintaining its solid performance since (with minor loss compared to its all-time high this year). Fluctuations often exist among small cap stocks but that\u2019s not the case for Network-1 Security Solutions in 2012.<\/p>\n
Network-1 Security Solutions is currently involved in the acquiring, developing, protecting, and licensing of its intellectual properties. On May 15th, 2012, the company presented its financial statement for the fiscal period from December to March 31st, 2012.\u00a0 Records of the company\u2019s profits were announced for the 1st quarter of 2012, and the following are some of its financial statistics and recent events:<\/p>\n
The company has financial assets of $4,425,000. The increase in revenue was purported to be due to income produced from license fees, in addition to charges and royalties from two recently acquired licensees (funded by a lawsuit settlement). Revenue derived from existing customers has also increased. Network-1 announced quarterly net income of $1,923,000, $0.08 per share ($0.07 on a diluted basis) for the period ending on March 31st, 2012. Revenue for the same period in 2011 was $1,666,000, $0.06 a share ($0.05 on a diluted basis).<\/p>\n
Expenditures for the period from December 2011 to March 31st, 2012 included compensation (non-cash assets) of $91,000 for 2011 and $96,000 for 2012.<\/p>\n
The company has an imminent lawsuit regarding patent violation.<\/strong><\/p>\n The US Patent Office has granted 6 patents regarding a range of telecommunications and technology for data networking. They include a patent which encompasses control of the delivery of energy in local networks (aka LANS). LANS provide coverage of remote power net devices and net technology to oversee Ethernet systems (POE). This includes methods and systems to transmit data, audio, and video over LANS.<\/p>\n","protected":false},"excerpt":{"rendered":" Network-1 Security Solutions (OTC: NSSI) rose 1.54% yesterday, continuing its solid performance in 2012. The stock opened with a share price of $1.30, which mirrors […]<\/p>\n","protected":false},"author":3,"featured_media":41704,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[3],"tags":[43],"stock_ticker":[],"class_list":["post-138","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-small-cap-stock-news","tag-nssi","entry"],"acf":[],"yoast_head":"\n