secwatch.observer — SEC 8-K summary
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Issuer:     ACACIA RESEARCH CORP (ACTG)
CIK:        0000934549
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0000934549-24-000061
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Acacia Research Q2 revenue jumps 227% to $25.8M; net loss narrows to $8.4M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/934549/000093454924000061/0000934549-24-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/934549/000093454924000061/actg-20240808.htm
  HTML page:      https://secwatch.observer/filing/0000934549-24-000061

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