Acacia Research Corp
NASDAQ:ACTG
If you don’t study any companies, you have the same success buying stocks as you do in a poker game if you bet without looking at your cards.
Utilize notes to systematically review your investment decisions. By reflecting on past outcomes, you can discern effective strategies and identify those that underperformed. This continuous feedback loop enables you to adapt and refine your approach, optimizing for future success.
Each note serves as a learning point, offering insights into your decision-making processes. Over time, you'll accumulate a personalized database of knowledge, enhancing your ability to make informed decisions quickly and effectively.
With a comprehensive record of your investment history at your fingertips, you can compare current opportunities against past experiences. This not only bolsters your confidence but also ensures that each decision is grounded in a well-documented rationale.
Do you really want to delete this note?
This action cannot be undone.
This alert will be permanently deleted.
Acacia Research Corp
Acacia Research Corp. engages in the acquisition, development, and patents technologies through its subsidiaries. The company is headquartered in New York City, New York and currently employs 122 full-time employees. The firm's operating subsidiaries partner with inventors and patent owners, applying their legal and technology expertise to patent assets to unlock the financial value in their patented inventions. The firm's operating subsidiaries assist patent owners with the prosecution and development of their patent portfolios, the protection of their patented inventions from unauthorized use, the generation of licensing revenue from users of their patented technologies and, where necessary, with the enforcement against unauthorized users of their patented technologies through the filing of patent infringement litigation. The firm's operating subsidiaries own or control the rights to multiple patent portfolios, which include the United States patents and certain foreign counterparts, covering technologies used in a range of industries.
Acacia Research Corp. engages in the acquisition, development, and patents technologies through its subsidiaries. The company is headquartered in New York City, New York and currently employs 122 full-time employees. The firm's operating subsidiaries partner with inventors and patent owners, applying their legal and technology expertise to patent assets to unlock the financial value in their patented inventions. The firm's operating subsidiaries assist patent owners with the prosecution and development of their patent portfolios, the protection of their patented inventions from unauthorized use, the generation of licensing revenue from users of their patented technologies and, where necessary, with the enforcement against unauthorized users of their patented technologies through the filing of patent infringement litigation. The firm's operating subsidiaries own or control the rights to multiple patent portfolios, which include the United States patents and certain foreign counterparts, covering technologies used in a range of industries.
Revenue Growth: Total revenue for Q3 was $59.4 million, up 16% sequentially and 155% year-over-year, primarily driven by the first full quarters of Deflecto.
Profitability: The company reported a GAAP net loss of $0.03 per share, a significant improvement over the prior year period's $0.14 loss per share, and an adjusted net loss of $0.01 per share.
Segment Performance: All operating segments showed positive contributions to EBITDA and free cash flow, with Deflecto and Benchmark highlighted as strong performers despite challenging environments.
Debt Reduction: Acacia paid down $24 million in Benchmark debt and $13 million in Deflecto debt since acquisition, significantly reducing consolidated debt and interest expense.
Strong Balance Sheet: Cash, equity securities, and loans receivable totaled $332.4 million at quarter end, with no parent-level debt.
Operational Initiatives: Ongoing cost reductions, pricing actions, and efficiency improvements across the portfolio are expected to further enhance margins and cash flow.
M&A Pipeline: Management remains focused on building a pipeline of acquisition opportunities while maintaining disciplined evaluation due to market uncertainties.
