Acacia Research (ACTG) Misses Q1 EPS by 6c
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Acacia Research Reports First Quarter 2023 Financial Results
May 11, 2023 4:06 PM EDTNEW YORK--(BUSINESS WIRE)-- Acacia Research Corporation (Nasdaq: ACTG) (Acacia or the Company) today reported financial results for the three months ended March 31, 2023.
Key Business Highlights
Executed a Rights Offering (and concurrent private Rights Offering), raising $79.1 million in net proceeds. Generated $14.8 million in consolidated revenue for the quarter compared to $13.5 million in revenue in the first quarter of 2022. Recorded $2.0 million of net realized and unrealized gains during the quarter.First Quarter 2023 Financial Highlights
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(In millions, except per share data)
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Three Months Ended March... More
