secwatch.observer — SEC 8-K summary
======================================

Issuer:     ACACIA RESEARCH CORP (ACTG)
CIK:        0000934549
Form:       8-K
Filed at:   2023-05-11T23:59:59+00:00
Accession:  0000934549-23-000050
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Acacia Research Q1 2023: GAAP net income $9.4M vs loss $73.3M YoY; revenue $14.8M
--------------------------------------------------------------------------------

- Revenue $14.8M, up from $13.5M YoY; IP licensing $4.2M, industrial (Printronix) $10.6M.
- GAAP net income $9.4M ($0.07 diluted loss per share) vs net loss $73.3M ($1.61 loss) YoY.
- Rights Offering raised $79.1M net; cash & equity investments $425.0M at March 31, 2023.
- Adjusted book value recast to $508.7M ($5.10/sh) assuming full recapitalization with Starboard.
- Non-recurring charges of $3.9M for CEO separation, Rights Offering, and recapitalization costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/934549/000093454923000050/0000934549-23-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/934549/000093454923000050/actg-20230511.htm
  HTML page:      https://secwatch.observer/filing/0000934549-23-000050

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer