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Jun 30, 2023
Acacia Q2 2023 Earnings Report
Reported financial results for the second quarter of 2023.
Key Takeaways
Acacia Research Corporation reported a consolidated revenue of $7.9 million for the quarter, compared to $16.7 million in the same quarter of the previous year. The company experienced an operating loss of $12.5 million and a GAAP net loss of $18.8 million, or $0.36 per diluted share.
Completed recapitalization transaction with Starboard Value LP on July 13, 2023.
Generated $7.9 million in consolidated revenue for the quarter, down from $16.7 million in Q2 2022.
Recorded $1.4 million of net realized and unrealized losses during the quarter.
Operating loss was $12.5 million, compared to $5.7 million in the same quarter last year.
Revenue by Segment
Forward Guidance
Acacia has a number of late-stage targets in its pipeline and is optimistic about its prospects. Predicting the specific timing of deals remains impossible, and Acacia maintains rigor in its processes, but management is confident in the progress. Additionally, Acacia has successfully enhanced operations at Printronix.
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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