Business
Acacia Research Corporation Reports First Quarter 2025 Financial Results
NEW YORK, May 08, 2025--Acacia Research Corporation (Nasdaq: ACTG) ("Acacia" or the "Company"), which acquires and operates businesses across the industrial, energy and technology sectors, today reported financial results for the three months ended March 31, 2025. The Company also posted its first quarter 2025 earnings presentation on its website at www.acaciaresearch.com under Events & Presentations.
About this update from Acacia Research Corporation
[{"type":"text","content":"Total Revenue of $124.4 million for the Quarter","length":47,"tagName":"p","attribs":{}},{"type":"text","content":"GAAP Net Income of $24.3 million and GAAP Diluted EPS of $0.25 for the Quarter","length":78,"tagName":"p","attribs":{}},{"type":"text","content":"Adjusted Net Income1 of $33.1 million and Adjusted Diluted EPS1 of $0.34 for the Quarter","length":88,"tagName":"p","attribs":{}},{"type":"text","content":"Total Company Adjusted EBITDA1 of $50.7 million and Operated Segment Adjusted EBITDA1 of $54.7 million for the Quarter","length":118,"tagName":"p","attribs":{}},{"type":"text","content":"NEW YORK, May 08, 2025--(BUSINESS WIRE)--Acacia Research Corporation (Nasdaq: ACTG) ("Acacia" or the "Company"), which acquires and operates businesses across the industrial, energy and technology sectors, today reported financial results for the three months ended March 31, 2025. The Company also posted its first quarter 2025 earnings presentation on its website at www.acaciaresearch.com under Events & Presentations.","length":445,"tagName":"p"},{"type":"text","content":"Martin ("MJ") D. McNulty, Jr., Chief Executive Officer, stated, "Acacia had a very strong start to the year, generating first quarter revenue of $124.4 million and Total Company Adjusted EBITDA of $50.7 million. These results were driven by $69.9 million in revenue from our Intellectual Property operations primarily relating to our WiFi-6 portfolio, the first full quarter of performance from Deflecto, and continued execution at Benchmark and Printronix. Against the backdrop of macro-economic uncertainty, we continued to execute our strategy of building businesses with stable cash flow generation and scalability and believe the combination of our existing businesses and strong balance sheet will ensure Acacia continues to deliver long-term shareholder value. Including the net proceeds from the Intellectual Property settlement recorded in the first quarter, and received after quarter end, current cash, cash equivalents and equity securities is approximately $338.2 million, or $3.52 per share. Our strong cash position provides us with substantial dry powder to grow our business and positions us well to opportunistically pursue accretive investment opportunities that may become available."","length":1224,"tagName":"p"},{"type":"t...