Acacia Q3 rev $15.9M (up 10x), GAAP NI $28.1M; Starboard deal lifts pro forma book value to $520M

ACACIA RESEARCH CORP

2022-Q3 EPS reported -$2.63 revenue$46,102,000

Q3 revenue $15.9M vs $1.6M YoY; operating loss $11.4M improved from $12.7M loss.
GAAP net income $28.1M ($0.02 EPS) vs $89.8M ($0.86 EPS) in Q3 2021.
Realized gains of $36.1M offset by $36.4M unrealized losses; life science portfolio proceeds total $452.3M.
Completed $40M share repurchase; repaid $55M of Starboard senior secured notes.
Pro forma book value $520.1M ($5.22/share) after full recapitalization; Gavin Molinelli joins board as Chairman.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ACACIA RESEARCH CORP reported financial results for the three and nine months ended September 30, 2022.

Period: the three and nine months ended September 30, 2022
Result: reported results

Exact text from the filing

On November 10, 2022, Acacia Research Corporation (the "Corporation) issued a press release announcing its financial results for the quarter ended September 30, 2022.

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51 earnings releases filed in the last 30 days. Browse all earnings releases →

ACACIA RESEARCH CORP filing history →

Source: SEC EDGAR

accession 0000934549-22-000072

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