Acacia Q2 2023 Earnings Report
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.
Acacia
Acacia
Acacia 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