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.