Novelty Capital attempts to revive Prism Technologies with $600,000 in debt financing with warrants

Novelty Capital LLC, the investment manager run by Jonathan Skeels, provided $600,000 in financing to Prism Technologies Group, the patent licensing company run by CEO Hussein A. Enan, to be used for working capital and patent acquisitions. The investment manager received a promissory note and warrants to purchase 2,004,663 common to Prism. The note pays [...]

By | August 17th, 2018|Financing, Patent Investing|0 Comments

iPEL CEO, Brian Yates, expects lessons from his Iris Connex defeat in the U.S. will drive patent enforcement wins in China

Brian Yates, the founder and CEO of iPEL, Inc., the self-described “Ethical Non-Practicing Entity,” asserts that it’s unfair for alleged infringers to describe him as a troll when it’s the infringers themselves who exhibit the real troll behavior. During the first decade of his legal career, Yates says it was common for him to be [...]

By | August 17th, 2018|NPE, Patent Investing|0 Comments

Shares of ParkerVision plunge as investors confront need for additional capital to cover debt owed to Brickell Key

Shares of ParkerVision Inc. (PRKR), the patent licensing company run by CEO Jeffrey Parker, fell 33% or 19 cents to 38.85 cents a share today and another 28.7% or 11 cents to 27.3 cents in after-hours trading following the company’s issuance of stock in a private investment in public equity to Aspire Capital Partners and [...]

By | August 15th, 2018|earnings, Financing, Patent Investing|0 Comments

November jury verdict in patent dispute with HP causes Network-1 to post a second quarter loss

Network-1 Technologies Inc. (NTIP), the patent licensing company run by CEO Corey Horowitz, swung to a second quarter 2018 net loss as licensees began withholding royalties because of a jury verdict of invalidity and non-infringement in a patent dispute with Hewlett-Packard in November 2017. New York-based Network-1 posted a net loss of $564,000, or 2 [...]

By | August 15th, 2018|earnings, Patent Investing|0 Comments

Two day plunge in Veritone underscores risk to Acacia as it seeks to reduce investment

The two day drop that erased as much as $100 million of market value from Veritone Inc. (VERI), the radio broadcast advertising platform with artificial intelligence features, illustrates the challenges facing Acacia Research Corp. (ACTG) as it tries to make good on its pledge to investors to reduce the size of its investment in the [...]

By | August 15th, 2018|Patent Investing|0 Comments

TiVo renews IP license with Altice Portugal, terms undisclosed but in line with EMEA rates

TiVo Corp. (TIVO), the entertainment technology company currently exploring strategic options, said it renewed its IP license with Altice Portugal for an amount in line with its EMEA (Europe Middle East and Africa) licensing rates. San Jose, California-based TiVo said Altice Portugal, with 1.6 million subscribers, is the latest service provider to renew its license [...]

By | August 13th, 2018|Europe, licensing agreement, Patent Investing|0 Comments

Patent licensing companies are turning to M&A bankers to sort out value in a down market

When Finjan Holdings Inc. (FNJN) went looking for an investment bank to advise it on recently emerged strategic opportunities, it didn’t choose one with proven intellectual property expertise. Instead, the cybersecurity technology and patent licensing company run by CEO Phil Hartstein, chose Atlas Technology Group, a boutique investment bank with experience advising on software mergers [...]

By | August 9th, 2018|Patent Investing, PTAB, Supreme Court, USPTO|0 Comments

(Update1) Quarterhill actively looking for acquisitions, swings to second quarter loss on lower revenue at WiLAN

Quarterhill Inc. (QRTH), the patent licensing and diversified holding company run by CEO Doug Parker, said it is actively looking for acquisitions of software technology startups as it continues to reduce reliance on its patent licensing business. In addition, the Ottawa, Ontario-based company swung to a second quarter net loss of $7.9 million, or 7 [...]

By | August 9th, 2018|earnings, Patent Investing|0 Comments

(Update2) Xperi 2nd Qtr 2018 net loss narrows slightly on cost cutting

Xperi Corp. (XPER), the technology and patent licensing company run by CEO Jon Kirchner, said its second quarter net loss narrowed slightly as it cut costs to help stem lower revenue. San Jose, California-based Xperi said its second quarter net loss narrowed to $28.3 million, or 58 cents a share, from $39.06 million, or 79 [...]

By | August 8th, 2018|earnings, Patent Investing|0 Comments

(Update1) TiVo posts wider 2nd-Qtr loss, says ongoing strategic review has eliminated acquisitions as way to grow

TiVo Corp. (TIVO), the entertainment technology and patent licensing company run by interim CEO Raghu Rau, posted a much wider net loss in the second quarter of 2018 on lower revenue from licensing services and software and hardware. The San Jose, California-based company also provided preliminary results of its strategic review conducted by LionTree Advisors, [...]

By | August 8th, 2018|earnings, exec changes, Patent Investing|0 Comments