Welcome to our dedicated page for Acacia Resh news (Ticker: ACTG), a resource for investors and traders seeking the latest updates and insights on Acacia Resh stock.
Acacia Research Corporation (Nasdaq: ACTG) is a publicly traded company that acquires and operates businesses across the industrial, energy and technology sectors, as well as managing an Intellectual Property Operations segment. The ACTG news feed on Stock Titan brings together company-issued updates and market coverage tied to these activities.
Investors following ACTG news can expect regular earnings announcements and detailed quarterly and annual financial results. Acacias releases include revenue and Adjusted EBITDA by segment for Energy Operations (Benchmark), Industrial Operations (Printronix), Manufacturing Operations (Deflecto) and Intellectual Property Operations (Acacia Research Group), along with commentary on factors such as license fee revenue, contributions from recent acquisitions and segment-level performance.
News items also cover corporate developments, including executive appointments and governance actions disclosed through Form 8-K filings and related press releases. For example, the company has reported the appointment of a Chief Financial Officer and summarized key terms of the associated employment agreement. In addition, Acacia issues updates about its participation in investor conferences and its plans to host earnings conference calls and webcasts.
Another category of ACTG news involves strategic and investment initiatives. The company has announced a Bitcoin-backed commercial loan strategy in partnership with Unchained Capital and Build Asset Management, as well as acquisitions such as Deflecto and upstream energy assets held by Benchmark. These releases provide context on how Acacia deploys its capital base and expands its operating platforms.
By monitoring the ACTG news page, readers can review historical and ongoing disclosures related to segment performance, acquisitions, financing activities, partnerships and management commentary. This centralized view helps investors and researchers see how Acacia communicates its strategy and reports on the progress of its industrial, energy, manufacturing and intellectual property operations over time.
Acacia Research (NASDAQ: ACTG) has scheduled the release of its fourth quarter and full year 2024 financial results before market open on March 13, 2025. 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 by dialing 888-506-0062 (U.S. and Canada) or 973-528-0011 (international) with access code 847853. A simultaneous webcast will be available on the company's website and at a dedicated webcast link. A replay of the webcast will remain accessible on Acacia's website for at least 30 days following the live call.
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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