secwatch.observer — SEC 8-K summary
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Issuer:     ACACIA RESEARCH CORP (ACTG)
CIK:        0000934549
Form:       8-K
Filed at:   2024-05-09T23:59:59+00:00
Accession:  0000934549-24-000044
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/934549/000093454924000044/0000934549-24-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/934549/000093454924000044/actg-20240509.htm
  HTML page:      https://secwatch.observer/filing/0000934549-24-000044

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