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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.
Acacia
Acacia
Acacia Revenue by Segment
Revenue by Segment
Intellectual Property Operations Revenue
CapyFin.comIndustrial Operations Revenue
CapyFin.com 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