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.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Acacia Research Corporation (NASDAQ: ACTG) will release its first quarter 2023 financial results on May 11, 2023, after market close. A conference call to discuss these results is scheduled for 4:30 p.m. ET on the same day. Investors can participate by calling 888-506-0062 for U.S. and Canadian callers, or 973-528-0011 for international participants, referencing conference ID 475927. The call will be webcasted on the company’s website under Events & Presentations, with a replay available for 30 days post-call. Acacia is known for its strategy of purchasing businesses by leveraging flexible capital through its partnership with Starboard Value LP.
Acacia Research Corporation (ACTG) reported tough financial results for Q4 and the full year ended December 31, 2022. The company saw total revenues plummet to $13.1 million in Q4, down from $63.3 million a year prior. The full-year revenue also declined to $59.2 million from $88.0 million. Acacia recorded a GAAP net loss of $18.4 million, or $0.50 per diluted share, compared to a profit of $204.2 million in the same quarter last year. The company raised $79.1 million from a recent rights offering and executed capital restructuring with Starboard Value LP, which may bolster its acquisition capabilities. Despite these efforts, the management acknowledged significant financial challenges ahead.
Acacia Research Corporation (NASDAQ: ACTG) has successfully closed its Rights Offering, concluding the subscription period on March 1, 2023. The Company collected approximately $360,953 from this offering and $78.75 million from a Concurrent Private Rights Offering involving strategic investor Starboard Value LP. Acacia plans to utilize these proceeds for general corporate purposes to enhance its financial stability and support its acquisitions platform. Following these transactions, Acacia has 58,543,312 shares of Common Stock outstanding. The Rights Offering was conducted under a prospectus supplement filed with the SEC.
Acacia Research Corporation (NASDAQ: ACTG) will release its fourth quarter and full-year 2022 financial results on March 16, 2023, before market open. A conference call will follow at 11:00 a.m. ET to discuss these results. Investors can access the call by dialing 888-506-0062 for U.S. and Canada or 973-528-0011 internationally, using conference ID 102754. The call will also be webcasted on the Company's investor relations website. Acacia Research focuses on acquiring businesses at attractive valuations, leveraging its access to flexible capital and strategic partnerships.