Acacia Research (ACTG) Misses Q3 EPS by 15c

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Go back to Acacia Research (ACTG) Misses Q3 EPS by 15c

Acacia Research Reports Third Quarter 2023 Financial Results

November 13, 2023 4:06 PM EST

NEW YORK--(BUSINESS WIRE)-- Acacia Research Corporation (Nasdaq: ACTG) (Acacia or the Company) today reported financial results for the three and nine months ended September 30, 2023.

Key Business Highlights

Generated $10.1 million in consolidated revenue for the quarter compared to $15.9 million in revenue in the third quarter of 2022. Recorded $12.2 million of net realized and unrealized gains during the quarter. Subsequent to the end of the quarter, a wholly owned subsidiary of Acacia entered into an agreement to sell its shares of Arix Bioscience PLC for a cash... More