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Jun 30, 2022
Acacia Q2 2022 Earnings Report
Reported financial results, noting a decrease in total revenues compared to the same quarter last year and an operating loss due to acquisition infrastructure buildout.
Key Takeaways
Acacia Research Corporation reported a decrease in revenue to $16.7 million compared to $17.4 million in the same quarter last year. The company experienced an operating loss of $5.7 million and a GAAP net loss of $61.5 million, or $1.44 per diluted share. These results were impacted by unrealized losses on equity securities and non-cash expenses related to warrant liabilities, as well as increased general and administrative expenses.
Total revenues were $16.7 million, down from $17.4 million in the same quarter last year.
The Intellectual Property business generated $8.1 million in revenue, compared to $17.4 million in the same quarter last year.
Operating loss was $5.7 million, compared to operating income of $1.6 million in the same quarter of last year.
GAAP Net loss was $61.5 million, or $1.44 per diluted share, compared to net income of $19.7 million, or $0.23 per diluted share, in the second quarter of last year.
Revenue by Segment
Forward Guidance
The company did not provide specific forward guidance in this report.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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