Acacia Research (ACTG) Misses Q3 EPS by 15c
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Acacia Research Reports Third Quarter 2023 Financial Results
November 13, 2023 4:06 PM ESTNEW YORK--(BUSINESS WIRE)-- Acacia Research Corporation (Nasdaq: ACTG) (Acacia or the Company) today reported financial results for the three and nine months ended September 30, 2023.
Key Business Highlights
Generated $10.1 million in consolidated revenue for the quarter compared to $15.9 million in revenue in the third quarter of 2022. Recorded $12.2 million of net realized and unrealized gains during the quarter. Subsequent to the end of the quarter, a wholly owned subsidiary of Acacia entered into an agreement to sell its shares of Arix Bioscience PLC for a cash... More