Welcome to our dedicated page for Acacia Research news (Ticker: ACTG), a resource for investors and traders seeking the latest updates and insights on Acacia Research stock.
Acacia Research Corporation reports developments tied to its role as a value-oriented acquirer and operator of businesses across industrial, energy and technology markets. Its updates commonly cover operating and financial results, capital allocation, acquisition activity, and governance matters for a public company traded on Nasdaq under the symbol ACTG.
Company news also describes segment-level activity across Energy Operations, Industrial Operations, Manufacturing Operations and Intellectual Property Operations. Recurring references include Benchmark, Printronix, Deflecto and Acacia Research Group, along with earnings releases, conference presentations, operating-business performance and balance-sheet themes.
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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