Acacia Research Q4 revenue surges to $92.3M on $82.8M IP licensing; net income $0.75/shr

ACACIA RESEARCH CORP

Q4 revenue $92.3M vs $13.1M YoY; IP licensing contributed $82.8M.
GAAP net income $74.8M ($0.75 diluted EPS) vs net loss of $18.4M in Q4 2022.
Book value per share increased to $5.90 from $5.04 at Sept 30, 2023.
Agreement to acquire oil and gas assets via Benchmark Energy II: ~140,000 net acres and ~470 wells in Texas/Oklahoma; expected close Q2 2024.
Completed sale of Arix shares for $57.1M in Jan 2024; life sciences portfolio generated $507.1M total proceeds.

item 2.02 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ACACIA RESEARCH CORP reported financial results for the year ended December 31, 2023.

Period: the year ended December 31, 2023
Result: reported results

Exact text from the filing

On March 14, 2024, Acacia Research Corporation (the “Corporation) issued a press release announcing its financial results for the year ended December 31, 2023.

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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 0000934549-24-000019

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