Acacia Research (ACTG) Misses Q1 EPS by 18c
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Acacia Research Reports First Quarter Financial Results
May 4, 2017 4:00 PM EDTNEWPORT BEACH, Calif.--(BUSINESS WIRE)-- Acacia Research Corporation(1) (Nasdaq: ACTG) today reported results for the three months ended March 31, 2017.
Revenues for the first quarter of 2017 were $8,854,000, as compared to $24,721,000 in the comparable prior year quarter. GAAP net loss for the first quarter of 2017 was $11,830,000, or $0.24 per diluted share, as compared to a GAAP net loss of $9,965,000, or $0.20 per diluted share for the comparable prior year quarter. Non-GAAP net loss for the first quarter of 2017 was $4,187,000, or $0.08 per diluted share,... More