Acacia Research Reports Third Quarter Financial Results

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Go back to Acacia Research Reports Third Quarter Financial Results

Acacia Research (ACTG) Reports Q3 Loss of $0.03

November 12, 2019 8:05 AM EST

Acacia Research (NASDAQ: ACTG) reported Q3 EPS of ($0.03), versus ($0.01) reported last year.

Third Quarter Financial Summary:

Cash and short-term investments totaled $169.3 million as of September 30, 2019, an increase of $3.8 million from $165.5 million as of December 31, 2018.Gross revenues were $1.7 million during the quarter.Operating loss was $5.1 million.GAAP net loss was $7.6 million or $0.15 per diluted share.

Clifford Press, Chief Executive Officer, stated, The systematic restructuring of Acacia is now... More