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Sep 30, 2024
Acacia Q3 2024 Earnings Report
Acacia Research reported third quarter results reflecting focus on value creation across technology, energy and industrials verticals.
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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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