secwatch.observer — SEC 8-K summary
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Issuer:     ACACIA RESEARCH CORP (ACTG)
CIK:        0000934549
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0000934549-24-000019
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/934549/000093454924000019/0000934549-24-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/934549/000093454924000019/actg-20240314.htm
  HTML page:      https://secwatch.observer/filing/0000934549-24-000019

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