Acacia Research (ACTG) Posts Q1 Loss of 11c/Share
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Revenue Growth %: -45.9%
Financial Fact:
Litigation and licensing expenses - patents: 7.35M
Today's EPS Names:
FRSB, DGICA, UXIN, More
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Acacia Research (NASDAQ: ACTG) reported Q1 EPS of ($0.11), $0.15 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $12.58 million versus the consensus estimate of $16.92 million.
Patent related acquisition costs paid in the first quarter of 2014 totaled $987,000, as compared to $4,010,000 during the comparable prior year quarter. As of March 31, 2014, accrued patent acquisition costs related to patent portfolios acquired during the first quarter of 2014 totaled $15,250,000, which was paid in the second quarter of 2014.
Cash and cash equivalents and investments totaled $228,993,000 as of March 31, 2014 compared to $256,702,000 as of December 31, 2013.
For earnings history and earnings-related data on Acacia Research (ACTG) click here.
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