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.

Comtech Telecommunications

NEW YORK--(BUSINESS WIRE)--Outerbridge Capital Management, LLC (“Outerbridge”), a beneficial owner of approximately 4.9% of Comtech Telecommunications Corp.'s (NASDAQ: CMTL) (“Comtech” or the “Company”) outstanding shares of common stock, today commented on a recent media report that Acacia Research Corporation (NASDAQ: ACTG) (“Acacia”) has made an offer to acquire Comtech for $30 per share:1 “Comtech owes it to its shareholders to fully and fairly consider any proposals it receives to acquire

Outerbridge Comments on Confirmed Media Report of Third Party Interest in Acquiring Comtech

MELVILLE, N.Y.--(BUSINESS WIRE)--November 1, 2021-- Comtech Telecommunications Corp. (NASDAQ: CMTL) today confirmed receipt of an unsolicited, non-binding proposal from Acacia Research Corporation (NASDAQ: ACTG). Comtech's Board of Directors is evaluating the proposal in consultation with independent advisors. The Board will determine the course of action that it believes is in the best interests of the Company and its stockholders. No stockholder action is required at this time. Goldman Sachs

Comtech Confirms Receipt of Unsolicited Proposal

NEW YORK--(BUSINESS WIRE)--Acacia Research Corporation (Nasdaq: ACTG) (“Acacia” or the “Company”) today announced that it has acquired Printronix Holding Corp. (“Printronix”). Printronix is a leading manufacturer and distributor of industrial impact printers, which are also known as line matrix printers, and related consumables and services. The business services a diverse group of customers that operate across healthcare, food and beverage, manufacturing and logistics, and other sectors. Acaci

Acacia Research Acquires Printronix, a Leading Printing Technology Business

NEW YORK--(BUSINESS WIRE)--Acacia Research Corporation (Nasdaq: ACTG) (“Acacia”) today announced that Oxford Nanopore Technologies Limited (“Oxford Nanopore”), the company behind a new generation of nanopore-based sensing technology, whose products enable the real-time, high-performance, scalable analysis of DNA and RNA, has successfully completed its Initial Public Offering of shares on the London Stock Exchange at 425 pence per share. The sale of 3,895,500 shares in the IPO, representing 10%

Acacia's Portfolio Holding, Oxford Nanopore, Completes IPO on the London Stock Exchange Generating Net Proceeds of $22.3 Million to Acacia

Spok Holdings

Healthcare communications company Spok Holdings Inc (NASDAQ:SPOK) confirmed Acacia Research Corp's (NASDAQ:ACTG) proposal to acquire Spok for $10.75 per share in cash. The offer price implies a 36.8% premium to Spok's August 27 closing price of $7.86.

Spok Shares Shoot Up On Takeover Offer At 37% Premium

ALEXANDRIA, Va.--(BUSINESS WIRE)--Spok Holdings, Inc. (NASDAQ: SPOK), a global leader in healthcare communications, today announced that it has received a letter, and is aware of a public announcement, from Acacia Research Corporation (NASDAQ: ACTG) regarding a proposal to acquire all of the outstanding shares of common stock of Spok for $10.75 per share in cash. Spok's Board of Directors intends to evaluate the letter in consultation with its regular independent financial and legal advisors. T

Spok Holdings Confirms Receipt of Letter from Acacia Research

Acacia Research Corp (NASDAQ: ACTG) reported second-quarter revenues of $17.4 million compared to $2.12 million in 2Q20. Operating income recovered to $1.64 million from a loss of $(6.75) million a year ago.

Acacia Research Stocks Slides After Q2 Results

Acacia Research Corporation's (ACTG) CEO Clifford Press on Q2 2021 Results - Earnings Call Transcript

Shares of Acacia Research (NASDAQ:ACTG) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share increased 155.56% year over year to $0.23, which beat the estimate of $0.05.

Acacia Research: Q2 Earnings Insights

NEW YORK--(BUSINESS WIRE)--Acacia Research Corporation (Nasdaq: ACTG) today reported results for the three- and six-month periods ended June 30, 2021. Clifford Press, Chief Executive Officer, stated, “Our book value continued to grow in the second quarter of 2021, owing to appreciation in our life science portfolio. Our IP investments over the last year and a half have also begun to deliver growing returns and represent a balanced portfolio across a number of technologies. Acacia remains strate

Acacia Research Reports Second Quarter 2021 Financial Results

NEW YORK--(BUSINESS WIRE)---- $ACTG--Acacia Research Corporation (“Acacia” or “the Company”) (NASDAQ: ACTG) announced today it will release its second quarter 2021 financial results on Monday, August 16, 2021, at 8:00 a.m. ET/ 5:00 a.m. PT. 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 (844) 602-0380 (U.S. and Canada) or (862) 298-0970 (international). The conference call will also be simultaneously we

Acacia Research to Release Second Quarter 2021 Financial Results

Acacia Research Corporation (ACTG) CEO Clifford Press on Q1 2021 Results - Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Acacia Research Corporation (NASDAQ: ACTG) today reported results for the three-month period ended March 31, 2021. Clifford Press, Chief Executive Officer, stated, “Our defined process, in collaboration with Starboard Value LP, to evaluate new strategic opportunities is ongoing, and we continue to methodically evaluate potential acquisitions. Our focus remains the small-cap value sector with the goal of acquiring operating companies in the mature technology, healthcar

Acacia Research Reports First Quarter 2021 Financial Results

NEW YORK--(BUSINESS WIRE)---- $ACTG--Acacia Research Corporation (“Acacia” or “the Company”) (NASDAQ: ACTG) announced today it will release its first quarter 2021 financial results on Monday, May 17, 2021 at 8:00 a.m. ET/ 5:00 a.m. PT. 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 (877) 407-0778 (U.S. and Canada) or (201) 689-8565 (international). The conference call will also be simultaneously webcast

Acacia Research to Release First Quarter 2021 Financial Results

Just weeks away from the one-year anniversary of Acacia Research's key purchase in 2020, the share price has improved 50%. But improvement in key fundamentals is greater.

Acacia Research: Worth More Than Book Value

Acacia Research Corporation (ACTG) CEO Clifford Press on Q4 2020 Results - Earnings Call Transcript

NEW YORK--(BUSINESS WIRE)--Acacia Research Corporation (Nasdaq: ACTG) today reported results for the three and 12-month period ended December 31, 2020. Clifford Press, Chief Executive Officer, stated, “During the year, we completed our first transaction in our strategic partnership with Starboard Value LP (“Starboard”), and acquired a portfolio of late-stage life science assets, increasing our book value by more than $117.5 million. After acquiring this portfolio for $282.3 million, we sold sev

Acacia Research Reports Fourth Quarter and Full-Year 2020 Financial Results

NEW YORK--(BUSINESS WIRE)---- $ACTG--Acacia Research Corporation (“Acacia” or “the Company”) (NASDAQ: ACTG) announced today it will release its fourth quarter and year-end 2020 financial results on Monday, March 29, 2021 at 8:00 a.m. ET/ 5:00 a.m. PT. 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 (877) 407-0778 (U.S. and Canada) or (201) 689-8565 (international). The conference call will also be simult

Acacia Research to Release Fourth Quarter and Year-end 2020 Financial Results

Arix Bioscience PLC (LON:ARIX) has issued a response to an open letter from activist shareholder Acacia Research Corporation released on Monday. The biotech-focused venture capital firm said it was “disappointed” that Acacia had decided to publish the letter on the same date as delivering it to the company, adding that it has “an experienced board that is committed to acting in the best interest of all shareholders”.

Arix Bioscience responds to open letter from Acacia Research Corp

Smith & Wesson Brands

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Gap Inc

Costco, The Trade Desk, Smith & Wesson, Gap and Acacia Research were our top stock trades for Monday. Now, let's look at the charts.

5 Top Stock Trades for Monday: COST, TTD, SWBI, ACTG, GPS

Gain exposure to advanced genomic sequencing for pennies on the dollar. Acacia has a stake in a company with arguably the most advanced class of DNA sequencing currently under development.

Acacia Research: Next Generation Genomic Sequencing At A Bargain Price

Though its stock gained nearly 50% in 2020, shares of Acacia Research still appear undervalued. In its 2020 third-quarter earnings call, Acacia calculated book value at $4.17 per basic share or $2.23 per diluted share. Its estimated book value had already appreciated 20+%.

Validating Acacia Research Is Undervalued

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Acacia Research Corporation (ACTG) CEO Clifford Press on Q3 2020 Results - Earnings Call Transcript

Shares of Acacia Research (NASDAQ:ACTG) remained unaffected after the company reported Q3 results. Quarterly Results Earnings per share rose 313.33% year over year to $0.32, which beat the estimate of ($0.02).

News for Acacia Research Stock (ACTG)