Acacia Q3 2024 Earnings Report
Key Takeaways
Acacia Research Corporation reported a significant increase in consolidated revenue, up 131% year-over-year, driven by strong performance in its energy and industrial operations. However, the company recorded a net loss for the quarter, while also generating positive Adjusted EBITDA and making a strategic acquisition post-quarter.
Consolidated revenue increased by 131% year-over-year to $23.3 million.
GAAP net loss was $14.0 million, or $0.14 diluted net loss per share.
Energy Operations revenue was $15.8 million, and Industrial Operations revenue was $7.0 million.
Subsequent to the quarter, Acacia acquired Deflecto for $103.7 million.
Acacia
Acacia
Acacia Revenue by Segment
Forward Guidance
Acacia expects Deflecto to generate approximately $128-$136 million in revenue in 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income