Acacia Research (ACTG) Misses Q1 EPS by 18c

Acacia Research (NASDAQ: ACTG) reported Q1 EPS of ($0.08), $0.18 worse than the analyst estimate of $0.10. Revenue for the quarter came in at $8.85 million versus the consensus estimate of $25.31 million.

• Revenues for the first quarter of 2017 were $8,854,000, as compared to $24,721,000 in the comparable prior year quarter.
• GAAP net loss for the first quarter of 2017 was $11,830,000, or $0.24 per diluted share, as compared to a GAAP net loss of $9,965,000, or $0.20 per diluted share for the comparable prior year quarter.
• Non-GAAP net loss for the first quarter of 2017 was $4,187,000, or $0.08 per diluted share, as compared to non-GAAP net income of $2,530,000, or $0.05 per diluted share for the comparable prior year quarter. See below for information regarding non-GAAPfinancial measures.
• Cash and cash equivalents, restricted cash and investments totaled $156,763,000 as of March 31, 2017, as compared to $158,495,000 as of December 31, 2016.

For earnings history and earnings-related data on Acacia Research (ACTG) click here.

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