Acacia Research (ACTG) Posts Surprise Q3 Loss

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Go back to Acacia Research (ACTG) Posts Surprise Q3 Loss

Acacia Research Reports Third Quarter Financial Results and Announces Payment of Quarterly Dividend

October 22, 2015 4:00 PM EDT

NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- Acacia Research Corporation(1) (Nasdaq: ACTG) today reported results for the three months ended September 30, 2015.

Revenues for the third quarter of 2015 were $12,994,000, as compared to $37,192,000 in the comparable prior year quarter. Revenues for the nine months ended September 30, 2015 were $87,540,000, as compared to $99,846,000 in the comparable prior year period. GAAP net loss for the third quarter of 2015 was $27,310,000, or $0.55 per diluted share, as compared to $12,415,000, or $0.26 per diluted share for the comparable prior year quarter.... More