Acacia Research

Acacia Research Corp. engages in the acquisition, development, and patents technologies through its subsidiaries. Its operating subsidiaries assist patent owners with the prosecution and development of their patent portfolios, the protection of their patented inventions from unauthorized use, the generation of licensing revenue from users of their patented technologies and, if necessary, with the enforcement against unauthorized users of their patented technologies. The company was founded by Robert Bruce Stewart on January 25, 1993 and is headquartered in New York, NY.

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Acacia Research reports Q4 losses, focuses on acquisitions and capital

Acacia Research (ACTG) reported mixed financial results in Q4 2022, with a focus on strengthening its capital base and pursuing strategic acquisitions for long-term value creation.
Despite facing losses, the company's emphasis on cost reductions, operational improvements, and partnerships signals a proactive approach to enhancing shareholder value.
Investors should monitor Acacia's progress in streamlining its capital structure and executing on its acquisition strategy to assess its long-term growth potential.

Acacia Research reports Q1 revenues of $14.8M, faces operating loss

Acacia Research reported mixed financial performance in Q1 2023, with strong revenues but an operating loss. Despite challenges in operational efficiency and macroeconomic uncertainties, the company's financial strength and proactive M&A initiatives position it well for future growth. Leveraging opportunities in strategic acquisitions and investor engagement can drive long-term success.

Acacia Research completes transformative recapitalization, strengthens financial position

Acacia Research navigated a challenging quarter with decreased revenues and incurred losses, but demonstrated resilience through cost reductions and operational improvements. The completion of the recapitalization transaction significantly enhanced the company's financial position, providing a foundation for future growth and strategic opportunities.

Acacia Research reports Q3 results, focuses on diversification and profitability

Acacia Research navigated Q3 2023 with mixed financial results but maintained a strong cash position
Strategic acquisitions and divestitures reflect the company's focus on portfolio optimization
Challenges in cost management and revenue generation require attention for sustained profitability
Opportunities in diversified investments and growth sectors present avenues for future expansion

Acacia Research excels in Q4 2023 with strong revenue growth

Acacia Research delivered a strong performance in Q4 2023, driven by revenue growth, improved operating income, and a solid cash position. While facing challenges with NOL management and competitive pressures, the company's strategic focus on cost rationalization and patent monetization positions it well for future opportunities.

Acacia Research reports Q1 revenue growth, eyes strategic acquisitions

Acacia Research (ACTG) delivered a mixed performance in Q1 2024, with strong revenue generation but a slight net loss, signaling areas for operational improvement.
The company's strategic strengths lie in its robust capital position, successful acquisitions, and revenue diversification efforts across IP monetization and Printronix.
While facing challenges in profitability and revenue sustainability, Acacia has opportunities to leverage its financial flexibility, industry focus, and governance enhancements for future growth.
Overall, Acacia's Q1 performance reflects a company poised for expansion and value creation, supported by a solid financial foundation and strategic initiatives.

Acacia Research reports strong Q3 performance and strategic acquisitions

Acacia Research delivered robust Q3 performance driven by diversified revenue streams and strategic acquisitions, positioning for sustained growth.
The company's strong financial position, focus on value creation through acquisitions, and ample cash reserves provide a solid foundation for future growth initiatives.
While facing challenges in IP revenue and potential integration risks from acquisitions, Acacia's strategic focus on long-term value creation presents opportunities for expansion.
Investors should monitor Acacia's ability to drive IP revenue, manage integration challenges, and balance strategic investments with shareholder value to assess future performance.

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Acacia Research Corp. focuses on acquiring and operating businesses across the industrial, energy, and mature technology sectors where it believes it can leverage its expertise, significant capital base, and deep industry relationships to drive value. It operates through the following business segments: Intellectual Property Operations, Industrial Operations and Energy Operations. The Intellectual Property Operations segment invests in IP and related absolute return assets and engages in the licensing and enforcement of patented technologies. The Industrial Operations segment generates operating income by designing and manufacturing printers and consumable products for various industrial printing applications. The Energy Operations segment engages in the acquisition, exploration, development, and production of oil and natural gas resources located in Roberts and Hemphill Counties in Texas. The company was founded by Robert Bruce Stewart on January 25, 1993 and is headquartered in New York, NY.

NEW YORK--(BUSINESS WIRE)--Acacia Research Corporation (Nasdaq: ACTG) (“Acacia”) today announced that its majority owned subsidiary, Benchmark Energy II, LLC (together with its subsidiaries, “Benchmark”), has entered into a Purchase and Sale Agreement (“PSA”) to acquire certain upstream assets and related facilities (the “Assets”) in Texas and Oklahoma from a private seller (such transaction, the “Acquisition”). The Acquisition is anticipated to expand the Benchmark portfolio, adding approximat.

Acacia Research Expands Oil and Gas Investments Through Benchmark Energy's Transformative Acquisition in the Western Anadarko Basin

NEW YORK--(BUSINESS WIRE)--Acacia Research Corporation (Nasdaq: ACTG) today announced that Martin (“MJ”) D. McNulty, Jr. has been named as Acacia's permanent Chief Executive Officer. Mr. McNulty has been serving as the Company's Interim Chief Executive Officer since November 1, 2022. In addition, the Board of Directors expanded the size of the Board from six to seven directors, and the Board appointed Mr. McNulty as a director of the Company to serve until the Company's 2024 annual meeting of s.

Acacia Research Appoints Martin (“MJ”) D. McNulty, Jr. to Board of Directors, Named Permanent CEO

NEW YORK--(BUSINESS WIRE)--Acacia Research Corporation (Nasdaq: ACTG) today announced an agreement related to its intellectual property business. Atlas Global Technologies LLC (“AGT”), a subsidiary of Acacia Research Group LLC (the patent licensing business of Acacia Research Corporation), entered into licensing and settlement agreements relating to its WiFi-6 patent portfolio during the fourth quarter of 2023, with aggregate payments under such agreements totaling more than $81 million. The de.

Acacia Research Announces Licensing and Settlement Agreements Related to WiFi-6 Patents

About a year after the announcement of the recapitalization plan, Acacia Research finally started to execute its new investment strategy. Cash injection of $57 million is expected from the sale of Arix shares. A new stock buyback plan for up to $20 million was put in place.

Acacia Research: Starting To Execute Its New Strategy - I Remain Bullish

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Acacia Research Corporation (NASDAQ:ACTG ) Q3 2023 Earnings Conference Call November 13, 2023 4:30 PM ET Company Participants Jeff Stanlis - FNK IR MJ McNulty - Interim Chief Executive Officer Kirsten Hoover - Interim Chief Financial Officer Conference Call Participants Anthony Stoss - Craig-Hallum Capital Group Brett Reiss - Janney Montgomery Scott John Levin - Levin Capital Strategies Operator Greetings, and welcome to the Acacia Research Third Quarter 2023 Financial Results Conference Call. [Operator Instructions] Please note, this conference is being recorded.

Acacia Research Corporation (ACTG) Q3 2023 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Acacia Research Corporation (Nasdaq: ACTG) (“Acacia” or the “Company”) today announced that it has acquired a majority interest in Benchmark Energy II, LLC (collectively with its affiliates, “Benchmark”). Headquartered in Austin, TX, Benchmark is an independent oil and gas company engaged in the acquisition, production and development of oil and gas assets in mature resource plays in Texas and Oklahoma. Benchmark is run by an experienced management team led by Chief E.

Acacia Research Acquires Majority Stake in Benchmark Energy

NEW YORK--(BUSINESS WIRE)--Acacia Research Corporation (Nasdaq: ACTG) (“Acacia” or the “Company”) today reported financial results for the three and nine months ended September 30, 2023. Key Business Highlights Generated $10.1 million in consolidated revenue for the quarter compared to $15.9 million in revenue in the third quarter of 2022. Recorded $12.2 million of net realized and unrealized gains during the quarter. Subsequent to the end of the quarter, a wholly owned subsidiary of Acacia ent.

Acacia Research Reports Third Quarter 2023 Financial Results

NEW YORK--(BUSINESS WIRE)--Acacia Research Corporation (NASDAQ: ACTG) announced today it will release its third quarter 2023 financial results after the market closes on Monday, November 13, 2023. The Company will host a conference call on the same day to discuss these results at 4:30 p.m. ET/ 1:30 p.m. PT. To access the live call, please dial 877-545-0320 (U.S. and Canada) or 973-528-0002 (international) and if requested, reference conference ID 964870. The conference call will also be simulta.

Acacia Research to Release Third Quarter 2023 Financial Results on November 13

Acacia Research Corporation is shifting its focus from one-time returns to building a portfolio of potentially long-term compounders. Starboard Value, a multibillion-dollar private fund, is leading the shift and has taken control of Acacia. The completion of the recapitalization transaction has simplified Acacia's capital structure, aligning interests between Starboard Value and minority shareholders.

Acacia Research Corporation Offers An Interesting Investment Opportunity

NEW YORK--(BUSINESS WIRE)--Acacia Research Corporation (Nasdaq: ACTG) (“Acacia” or the “Company”) today reported financial results for the three and six months ended June 30, 2023. Key Business Highlights On July 13, 2023, completed its recapitalization transaction with Starboard Value LP, and as part of this transaction: Starboard converted 350,000 shares of Acacia's Series A Convertible Preferred Stock into 9,616,746 shares of Common Stock, including 27,704 shares of Common Stock issued in re.

Acacia Research Reports Second Quarter 2023 Financial Results

NEW YORK--(BUSINESS WIRE)--Acacia Research Corporation (NASDAQ: ACTG) announced today it will release its second quarter financial results after the market closes on Thursday, August 3, 2023. The Company will host a conference call on the same day to discuss these results at 4:30 p.m. ET/ 1:30 p.m. PT. To access the live call, please dial 888-506-0062 (U.S. and Canada) or 973-528-0011 (international) and if requested, enter participant access code: 435061. The conference call will also be simul.

Acacia Research to Release Second Quarter Financial Results on August 3, 2023

NEW YORK--(BUSINESS WIRE)--Acacia Research Corporation (Nasdaq: ACTG) (“Acacia” or the “Company”) today reported financial results for the three months ended March 31, 2023. Key Business Highlights Executed a Rights Offering (and concurrent private Rights Offering), raising $79.1 million in net proceeds. Generated $14.8 million in consolidated revenue for the quarter compared to $13.5 million in revenue in the first quarter of 2022. Recorded $2.0 million of net realized and unrealized gains dur.

Acacia Research Reports First Quarter 2023 Financial Results

NEW YORK--(BUSINESS WIRE)--Acacia Research Corporation (NASDAQ: ACTG) announced today it will release its first quarter 2023 financial results after the market closes on Thursday, May 11, 2023. The Company will host a conference call on the same day to discuss these results at 4:30 p.m. ET/ 1:30 p.m. PT. To access the live call, please dial 888-506-0062 (U.S. and Canada) or 973-528-0011 (international) and if requested, reference conference ID 475927. The conference call will also be simultaneo.

Acacia Research to Release First Quarter 2023 Financial Results on May 11

Acacia Research Corporation (NASDAQ:ACTG ) Q4 2022 Earnings Call Transcript March 16, 2023 11:00 AM ET Company Participants Robert Fink - Investor Relations Martin McNulty - Interim Chief Executive Officer Kirsten Hoover - Interim Chief Financial Officer Conference Call Participants Operator Greetings. Welcome to the Acacia Research Fourth Quarter 2022 Financial Results.

Acacia Research Corporation (ACTG) Q4 2022 Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Acacia Research Corporation (Nasdaq: ACTG) (“Acacia” or the “Company”) today reported financial results for the three months and full year ended December 31, 2022. Key Business Highlights Completed an agreement to streamline the Company's capital structure, further strengthen its financial position, and position it as a unique corporate acquisition platform with a strategic relationship to Starboard Value LP (“Starboard”).

Acacia Research Reports Fourth Quarter and Full-Year 2022 Financial Results

NEW YORK--(BUSINESS WIRE)--Acacia Research Corporation (NASDAQ: ACTG) (“Acacia” or the “Company”) announced today that it has closed its previously-announced rights offering (the “Rights Offering”). The subscription period for the Rights Offering terminated at 5 p.m. Eastern time on March 1, 2023 (the “Expiration Time”).

Acacia Announces Closing of Rights Offering

NEW YORK--(BUSINESS WIRE)--Acacia Research Corporation (NASDAQ: ACTG) announced today it will release its fourth quarter and full-year 2022 financial results before market open on Thursday, March 16, 2023. The Company will host a conference call on the same day to discuss these results at 11:00 a.m. ET/ 8:00 a.m. PT. To access the live call, please dial 888-506-0062 (U.S. and Canada) or 973-528-0011 (international) and if requested, reference conference ID 102754.

Acacia Research to Release Fourth Quarter and Full Year 2022 Financial Results on March 16

New York, New York--(Newsfile Corp. - February 17, 2023) - Kehoe Law Firm, P.C. is investigating whether certain directors and officers of Acacia Research Corporation ("Acacia") (NASDAQ: ACTG) breached their fiduciary duties to Acacia and its shareholders.

Acacia Research Corporation Stock - Investors Who Have Held Acacia Stock Since At Least January 2022 Encouraged to Contact Kehoe Law Firm, P.C. - ACTG

NEW YORK--(BUSINESS WIRE)--Acacia Research Corporation (NASDAQ: ACTG) (“Acacia” or the “Company”) announced today that it has commenced its previously-announced rights offering (the “Rights Offering”). Under the terms of the Rights Offering, the Company will distribute non-transferable subscription rights to record holders (“Eligible Securityholders”) of the Company's common stock (the “Common Stock”) held as of 5 p.m. Eastern time on February 13, 2023, the record date for the Rights Offering.

Acacia Announces Commencement of Rights Offering

New York, New York--(Newsfile Corp. - February 10, 2023) - Kehoe Law Firm, P.C. is investigating whether certain directors and officers of Acacia Research Corporation ("Acacia" or "Acacia Research") (NASDAQ: ACTG) breached their fiduciary duties to Acacia and its shareholders.

Acacia Stock - Investors Who Have Held Acacia Research Corporation Stock Since At Least January 2022 Encouraged to Contact Kehoe Law Firm, P.C. - ACTG

NEW YORK--( BUSINESS WIRE )--Acacia Research Corporation (NASDAQ: ACTG) (“Acacia” or the “Company”) announced today that it has fixed a record date for its previously announced proposed rights offering (the “Rights Offering”), as disclosed in the Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on November 1, 2022.

Acacia Announces Record Date for Rights Offering

On October 31, the company announced an agreement to streamline the company's capital structure. The company expects a Book Value of $5.37.

Acacia: The Long Case Is Broken But There Is Still Value

NEW YORK--( BUSINESS WIRE )--Acacia Research Corporation (Nasdaq: ACTG) (“Acacia” or the “Company”) today announced that Richard Rosenstein, the Company's Chief Financial Officer, will step down from his position, effective at the close of business on January 27, 2023, to pursue another professional opportunity. Acacia thanks Mr. Rosenstein for his significant contributions and strong leadership during his tenure.

Acacia Announces CFO Succession Plan

NEW YORK--( BUSINESS WIRE )--Acacia Research Corporation (Nasdaq: ACTG) (“Acacia” or the “Company”) today announced that its Board of Directors (the “Board”) has been conducting an internal investigation into the apparent misconduct of former Chief Executive Officer Clifford Press. After the Board had informed Mr. Press that it was aware of potential instances of misconduct that could qualify for a termination for cause, Mr. Press resigned as both Chief Executive Officer and as a director of the Company. Mr. Press confirmed such resignation on a phone call with a majority of the Board and external counsel. Mr. Press had previously issued a statement pertaining to his acknowledged retirement in the Company's October 31, 2022 press release, noting he was “enormously grateful to the Board and everyone on the Acacia team.”

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