Acacia Research (ACTG) Reports Q3 EPS of $0.86

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Go back to Acacia Research (ACTG) Reports Q3 EPS of $0.86

Acacia Research Reports Third Quarter 2021 Financial Results

November 15, 2021 4:06 PM EST

Company Recognizes Substantial Realized and Unrealized Gain from Oxford Nanopore IPO

NEW YORK--(BUSINESS WIRE)-- Acacia Research Corporation (Nasdaq: ACTG) today reported results for the three- and nine-month periods ended September 30, 2021.

Clifford Press, Chief Executive Officer, stated, This was a milestone quarter highlighted by the IPO of Oxford Nanopore Technologies Limited. Oxford Nanopore represented a nearly $120 million realized and unrealized gain in the quarter, between the sale of a small portion of our stake and the increased value in our remaining position. As a result, our pro forma book value... More