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ACTG Acacia Research News Story

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Acacia Research Q1 revenue drops on lower IP sales

Overview

US diversified acquirer reported Q1 revenue fell sharply yr/yr on lower IP segment revenue

Company posted GAAP net loss of $15.7 mln and adjusted net loss of $6.6 mln for Q1

Outlook

Company says acquisition pipeline remains active, with flexibility for organic and inorganic growth

Result Drivers

IP REVENUE DROP - Q1 revenue decline was primarily due to lower paid-up license revenue from Intellectual Property Operations

BENCHMARK ENERGY - Benchmark Energy delivered its strongest revenue quarter under Acacia ownership, driven by favorable oil prices and new well development

DEFLECTO CONSOLIDATION - Deflecto completed facility consolidation, expected to drive annualized cost synergies

Company press release: ID:nBwbgNs4Sa

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 Revenue$54.24 mln
Q1 Net Income-$15.74 mln
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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