Acacia Q1 2023 Earnings Report
Key Takeaways
Acacia Research Corporation reported consolidated revenue of $14.8 million for the quarter, compared to $13.5 million in the first quarter of 2022. The company recorded a GAAP net income of $9.4 million, compared to a net loss of $73.3 million in the same quarter last year.
Executed a Rights Offering, raising $79.1 million in net proceeds.
Consolidated revenue was $14.8 million, up from $13.5 million in Q1 2022.
Net realized and unrealized gains of $2.0 million were recorded during the quarter.
GAAP net income was $9.4 million, a significant improvement from the $(73.3) million loss in Q1 2022.
Acacia
Acacia
Acacia Revenue by Segment
Forward Guidance
Management is focused on accelerating the M&A function, evaluating opportunities, and advancing vetted candidates. Timing of transactions remains unpredictable, but the company is motivated to make the right acquisition based on fit, valuation, and opportunity.
Revenue & Expenses
Visualization of income flow from segment revenue to net income