Acacia Research (ACTG) Misses Q3 EPS

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Acacia Research Reports Third Quarter Financial Results

October 25, 2018 4:00 PM EDT

Renewed Focus on Patent Business Yields Encouraging Results

NEWPORT BEACH, Calif.--(BUSINESS WIRE)-- Acacia Research Corporation(1) (Acacia or the Company) (Nasdaq: ACTG) today reported results for the three months ended September30, 2018.

Statements from Alfred V. Tobia Jr. and Clifford Press

We took immediate steps to safeguard and enhance Acacias corporate assets, commented Director Alfred V. Tobia Jr. Cash has been consolidated, verified, and secured in a short-term liquidity program at Morgan Stanley. We addressed critical pending issues in the patent portfolio, resulting in $13.7 million in third... More