Acacia Research: Q1 Earnings Snapshot
By AP News
Published - May 11, 2023, 05:09 PM ET
Last Updated - Jun 21, 2023, 08:22 PM EDT
NEW YORK (AP) — NEW YORK (AP) — Acacia Research Corp. (ACTG) on Thursday reported first-quarter net income of $6 million, after reporting a loss in the same period a year earlier.
The New York-based company said it had net income of 7 cents per share. Losses, adjusted for non-recurring gains, were 23 cents per share.
The technology patent licensor posted revenue of $14.8 million in the period.
In the final minutes of trading on Thursday, the company's shares hit $4. A year ago, they were trading at $4.65.
