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Acacia Research Corporation (NASDAQ: ACTG) is a pioneering company operating at the intersection of intellectual property (IP) management and strategic business acquisition. With a proven track record in patent licensing, Acacia facilitates the monetization of intellectual property by partnering with patent owners to unlock financial value. Leveraging its deep expertise in legal and technological domains, the company acts as an intermediary in the patent market, enabling efficiency and delivering substantial monetary rewards to its partners. To date, Acacia has successfully generated significant revenue and returned a substantial portion of these earnings to its patent partners, underscoring its role as a trusted leader in the IP ecosystem.
Beyond its core focus on patent licensing, Acacia Research Corporation has expanded its operations to include the acquisition and management of businesses across the industrial, energy, and technology sectors. This diversified approach allows the company to leverage its significant capital base, operational expertise, and industry relationships to drive value creation. Acacia evaluates opportunities based on the intrinsic attractiveness of underlying cash flows, adopting a flexible investment strategy that prioritizes long-term value over short-term gains. This dual-focus business model positions Acacia as a unique player in its industry, combining the precision of IP management with the strategic vision of a diversified holding company.
Acacia’s operational philosophy is anchored in three core principles: people, process, and performance. The company has assembled a management team with extensive expertise in research, transaction execution, and operational management, enabling it to optimize the performance of its acquired businesses. By focusing on these principles, Acacia ensures that its acquisitions and partnerships are not only financially sound but also aligned with its broader strategic objectives.
Operating within the broader context of the intellectual property and private equity markets, Acacia faces competition from other patent monetization firms and investment entities targeting similar sectors. However, its ability to integrate deep legal and technological expertise with a disciplined approach to acquisitions sets it apart. Acacia’s unique blend of IP monetization and business acquisition capabilities creates a diversified revenue model that mitigates risk and enhances resilience against market fluctuations.
In summary, Acacia Research Corporation is a dynamic company that combines innovation in patent licensing with strategic business acquisitions to create value for its partners and stakeholders. Its dual-focus business model, underpinned by expertise, capital strength, and operational excellence, positions it as a key player in both the intellectual property and diversified investment spaces.
Acacia Research (Nasdaq: ACTG) reported its third quarter 2024 financial results, generating $23.3 million in consolidated revenue, a 131% increase year-over-year. Energy operations contributed $15.8 million, while industrial operations added $7.0 million, up 12% and 11% quarter-over-quarter, respectively. The company reported a GAAP net loss of $14.0 million and produced $1.7 million of Total Company Adjusted EBITDA. Operating cash flow for the nine months ended September 30, 2024, was $70.4 million. Acacia repurchased 3.0 million shares for $14.0 million and acquired Deflecto for $103.7 million. Post-acquisition, cash reserves stood at approximately $280 million. Book value per share was $5.85, potentially $6.00 excluding $14.9 million in non-recurring legal expenses. The company recorded a GAAP operating loss of $10.3 million, improved from $13.2 million last year, due to higher revenues. The stock repurchase program continues, aiming to enhance shareholder returns.
Acacia Research (NASDAQ: ACTG) has scheduled the release of its third quarter 2024 financial results before market open on November 12, 2024. The company will host a conference call at 8:00 a.m. ET / 5:00 a.m. PT on the same day to discuss the results. Investors can access the live call via phone or webcast, with dial-in numbers provided for both U.S./Canada and international participants. A replay of the webcast will be available on the company's website for at least 30 days following the call.
Acacia Research (Nasdaq: ACTG) has acquired Deflecto Acquisition, Inc. for $103.7 million. Deflecto, a leading specialty manufacturer of essential products for commercial transportation, HVAC, and office markets, is expected to generate $128-$136 million in revenue in 2024. The acquisition is anticipated to be immediately accretive to Acacia's free cash flow and earnings per share.
Deflecto will continue to be led by CEO Ross Pliska and the existing management team. The company serves over 1,500 customers globally through nine manufacturing facilities across the US, Canada, UK, and China. The transaction was funded using cash on hand and borrowings under a new senior secured credit facility, with JPMorgan Chase as the lead arranger.
Acacia Research (Nasdaq: ACTG) reported robust financial results for Q2 2024.
Total revenue soared by 227% YoY to $25.8 million, driven by the acquisition of operated producing wells in the Western Anadarko Basin. Revenue for the first six months of 2024 reached $50.2 million, up 121% YoY.
However, Acacia recorded a GAAP net loss of $8.4 million for the quarter, or $0.08 per diluted share. Excluding a $0.06 per share expense related to the AIP Matter, the net loss would have been $0.02 per share.
Operating cash flow improved significantly, generating $71 million in the first half of 2024. Book value per share increased to $5.95, or $6.07 excluding the AIP Matter accrual.
Adjusted EBITDA was $4.1 million for Q2 2024. The company continues to focus on free cash flow generation and enhancing book value per share.
Acacia Research (NASDAQ: ACTG) has announced the release date for its second quarter 2024 financial results. The company will disclose its financial performance after the market closes on Thursday, August 8, 2024. A conference call is scheduled for the same day at 4:30 p.m. ET / 1:30 p.m. PT to discuss the results.
Investors and interested parties can access the live call by dialing 800-715-9871 (U.S. and Canada) or 646-307-1963 (international) and referencing the access code "Acacia Research". Additionally, a simultaneous webcast will be available on the company's website and at a specific webcast link. A replay of the webcast will be accessible on Acacia Research's website for at least 30 days following the live call.
Acacia Research reported financial results for the first quarter of 2024, highlighting a strategic partnership with Benchmark Energy in the Oil and Gas space, divestment of public life science assets, and strong capital base. The company generated $24.3 million in consolidated revenue, with a GAAP net loss of $0.2 million. Acacia's book value per share was $5.89 at March 31, 2024. The company continues to focus on reallocating capital, driving free cash flow, and evaluating M&A opportunities.
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