Acacia Research Q1 revenue $24.3M (up 64% YoY); GAAP net loss $0.2M

ACACIA RESEARCH CORP

2024-Q1 EPS reported $0.00 revenue$24,320,000

Revenue $24.3M vs $14.8M in Q1 2023; operating loss narrowed to $2.1M from $9.3M.
GAAP net loss $0.2M ($0.00/diluted share); excluding $6.2M AIP accrual EPS would be $0.06.
Sold Arix stake for $57.1M, completing divestiture of all public life science assets.
Book value per share $5.89; cash and marketable securities ~$400M as of May 9.
Post-quarter, Benchmark acquired ~140k net acres and ~470 wells in Texas/Oklahoma.

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 0.9

ACACIA RESEARCH CORP reported quarter ended March 31, 2024 results: revenue 24.3, net income -0.2, EPS 0.00.

Period: quarter ended March 31, 2024
Revenue: 24.3
Net income: -0.2
EPS: 0.00
Result: reported results

Exact text from the filing

data) Three Months Ended March 31, 2024 2023 (unaudited) Intellectual property operations $ 13.6 $ 4.2 Industrial operations 8.8 10.6 Energy operations 1.9 — Total revenues $ 24.3 $ 14.8 Operating loss $ (2.1) $ (9.3) Unrealized (losses) gains 1 $ (26.7) $ 3.3 Realized gains (losses) $ 28.9 $ (1.4) Legal liability fee $ (6.2) $ — Non-cash derivative

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Source: SEC EDGAR

accession 0000934549-24-000044

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