Roth Capital Cuts Price Target on Marathon Patent Group (MARA) Following 3Q Beat

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Go back to Roth Capital Cuts Price Target on Marathon Patent Group (MARA) Following 3Q Beat

Marathon Patent Group, Inc. Announces Sequential Quarterly Revenue Increased 368% to $6.4 Million in Q3 2015

November 16, 2015 4:00 PM EST

LOS ANGELES, CA -- (Marketwired) -- 11/16/15 -- Marathon Patent Group, Inc. (NASDAQ: MARA) ("Marathon" or "Company"), a patent licensing company, announced today financial results for the third quarter ended September 30, 2015.

- Results of operations for the three months ended September 30, 2015 -

For the three months ended September 30, 2015 ("Q3 2015"), Marathon reported revenue of $6.4 million, an increase of 368% as compared to $1.4 million for second quarter ended June 30, 2015 ("Q2 2015"). Revenue in Q3 2015 represents the second highest quarterly revenue in the Company's history. The growth in revenue was largely derived from the... More