earnings
confidence high
sentiment positive
materiality 0.75
Acacia Research Q2 revenue jumps 227% to $25.8M; net loss narrows to $8.4M
ACACIA RESEARCH CORP
2024-Q2 EPS reported
-$0.09
revenue$50,158,000
- Revenue $25.8M (+227% YoY); IP licensing $5.3M, energy segment (Benchmark) $14.2M, industrial (Printronix) $6.3M.
- GAAP net loss $8.4M ($0.08 diluted EPS) vs loss of $18.8M ($0.36) YoY; adjusted EBITDA $4.1M.
- Book value per share $5.95; excluding $12.9M AIP accrual would be $6.07; book value up ~3% from Dec 2023.
- AIP Matter settled Aug 2 for $14.5M payment; $12.9M additional expense recorded in Q2.
- Operating cash flow $71.0M in H1 2024; Benchmark acquired ~140,000 net acres in Western Anadarko Basin.