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General information

Country: UNITED STATES

Sector: Specialty Business Services

Acacia Research Corporation, together with its subsidiaries, invests in intellectual property and related absolute return assets; and engages in the licensing and enforcement of patented technologies. It assists patent owners with the prosecution and development of their patent portfolios; protection of their patented inventions from unauthorized use; generation of licensing revenue from users of their patented technologies; and enforcement against unauthorized users of their patented technologies through the filing of patent infringement litigation. The company owns or controls the rights to various patent portfolios, which include U.S. patents and foreign counterparts covering technologies used in a range of industries. It has executed approximately 1,570 license agreements, and approximately 200 patent portfolio licensing and enforcement programs. Acacia Research Corporation was founded in 1993 and is headquartered in Irvine, California.
Website: acaciaresearch.com



Growth: Bad revenue growth rate -37.5%, there is slowdown compared to average historical growth rates 60.9%. The revenue growth dynamics is unstable

Profitability: LTM net profit margin is negative, -58.7%. On average the margin is decreasing steadily. Gross margin is high, +45.8%. In the last quarter the company beat the estimated EPS. The company was ahead of estimated EPS in 40% of quarters (showing a gain of -$0.25 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 0.0%.

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 47.2% higher than minimum and 31.0% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, Net Income margin, industries and geography on average are valued 0.3x by P / Sales multiple , the company can be 96.9% overvalued

Key Financials (Download financials)

Ticker: ACTG
Share price, USD:  (+1.2%)4.93
year average price 4.05  


year start price 3.83 2023-05-04

min close price 3.46 2023-10-19

max close price 5.37 2024-04-04

current price 4.93 2024-05-02
Common stocks: 94 328 452

Dividend Yield:  0.0%
Last revenue growth (y/y):  -37.5%
Last growth of Net Income (y/y):  -92.9%
Historical revenue growth:  60.9%
Historical growth of Net Income:  ---
P / Sales: 10.1x
Margin (Net Income LTM / Revenue): -58.7%
Fundamental value created in LTM:
Market Cap ($m): 465
Price to Book: 0.8x

Revenue and Net Income

Quarterly values ($m)

Change (y/y)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2023-12-03Seeking Alpha

Acacia Research: Starting To Execute Its New Strategy - I Remain Bullish

2023-11-13Seeking Alpha

Acacia Research Corporation (ACTG) Q3 2023 Earnings Call Transcript

2023-08-23Seeking Alpha

Acacia Research Corporation Offers An Interesting Investment Opportunity
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol ACTG ACTG ACTG ACTG ACTG ACTG
reportedCurrency USD USD USD USD USD USD
cik 934 549 934 549 934 549 934 549 934 549 934 549
fillingDate 2024-03-15 2023-11-13 2023-08-03 2023-05-11 2023-03-17 2022-11-14
acceptedDate 2024-03-14 17:37:00 2023-11-13 17:05:58 2023-08-03 17:27:40 2023-05-11 17:04:54 2023-03-17 07:41:49 2022-11-10 20:15:23
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
revenue 92M 10M 8M 15M 13M 16M
costOfRevenue 24M 5M 9M 10M 9M 10M
grossProfit 68M 5M -1M 5M 4M 6M
grossProfitRatio 0.739 0.458 -0.131 0.327 0.278 0.375
researchAndDevelopmentExpenses 142 000 172 000 205 000 216 000 135 000 156 000
generalAndAdministrativeExpenses 8M 14M 9M 12M 16M 15M
sellingAndMarketingExpenses 2M 2M 2M 2M 2M 2M
sellingGeneralAndAdministrativeExpenses 12M 15M 11M 14M 18M 17M
otherExpenses 5 277M 5M 4M 5M 20M 0
operatingExpenses 12M 20M 11M 14M 18M 17M
costAndExpenses 36M 26M 20M 24M 28M 27M
interestIncome 6M 4M 4M 3M 2M 1M
interestExpense 0 -130 000 900 000 900 000 900 000 1M
depreciationAndAmortization 5M 3M 3M 7M 2M 2M
ebitda 61M -15M -5M -3M -13M -9M
ebitdaratio 0.658 -1.529 -0.609 -0.169 -0.960 -0.585
operatingIncome 56M -15M -13M -9M -15M -11M
operatingIncomeRatio 0.606 -1.529 -1.585 -0.630 -1.109 -0.716
totalOtherIncomeExpensesNet 17M 18M -11M 21M -6M 40M
incomeBeforeTax 73M 3M -20M 12M -20M 29M
incomeBeforeTaxRatio 0.795 0.254 -2.584 0.806 -1.554 1.831
incomeTaxExpense -2M 197 000 -2M 2M -2M 679 000
netIncome 75M 2M -19M 9M -19M 28M
netIncomeRatio 0.810 0.162 -2.376 0.638 -1.416 1.769
eps 0.710 -0.018 -0.320 0.120 -0.450 0.540
epsdiluted 0.690 -0.032 -0.320 -0.070 -0.450 0.020
weightedAverageShsOut 100M 94M 58M 48M 41M 38M
weightedAverageShsOutDil 100M 99M 58M 89M 41M 71M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Balance Sheet Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol ACTG ACTG ACTG ACTG ACTG ACTG
reportedCurrency USD USD USD USD USD USD
cik 934 549 934 549 934 549 934 549 934 549 934 549
fillingDate 2024-03-15 2023-11-13 2023-08-03 2023-05-11 2023-03-17 2022-11-14
acceptedDate 2024-03-14 17:37:00 2023-11-13 17:05:58 2023-08-03 17:27:40 2023-05-11 17:04:54 2023-03-17 07:41:49 2022-11-10 20:15:23
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
cashAndCashEquivalents 340M 345M 355M 364M 288M 242M
shortTermInvestments 69M 101M 90M 97M 98M 159M
cashAndShortTermInvestments 409M 446M 445M 462M 386M 401M
netReceivables 81M 6M 6M 9M 8M 7M
inventory 11M 12M 14M 15M 14M 14M
otherCurrentAssets 54M 20M 21M 20M 19M 5M
totalCurrentAssets 555M 484M 486M 505M 428M 427M
propertyPlantEquipmentNet 29M 4M 4M 5M 6M 6M
goodwill 9M 8M 8M 8M 8M 7M
intangibleAssets 34M 28M 31M 34M 37M 40M
goodwillAndIntangibleAssets 43M 35M 38M 41M 44M 47M
longTermInvestments 34M 0 -125 000 0 31M 0
taxAssets 3M 321 000 125 000 502 000 0 0
otherNonCurrentAssets -29M 5M 7M 5M -26M 5M
totalNonCurrentAssets 79M 45M 49M 51M 55M 58M
otherAssets 0 0 0 0 0 0
totalAssets 634M 529M 535M 557M 483M 485M
accountPayables 3M 9M 6M 8M 6M 5M
shortTermDebt 1M 1M 62M 63M 60M 61M
taxPayables 619 000 1M 944 000 2M 474 000 681 000
deferredRevenue 1M 1M 1M 1M 1M 1M
otherCurrentLiabilities 22M 10M 9M 17M 19M 18M
totalCurrentLiabilities 28M 21M 78M 90M 87M 85M
longTermDebt 11M 2M 898 000 2M 2M 2M
deferredRevenueNonCurrent 458 000 497 000 535 000 520 000 568 000 665 000
deferredTaxLiabilitiesNonCurrent 2M 0 125 000 502 000 742 000 3M
otherNonCurrentLiabilities 4M 2M 120M 108M 123M 50M
totalNonCurrentLiabilities 16M 4M 121M 111M 126M 117M
otherLiabilities 0 0 0 0 0 0
capitalLeaseObligations 2M 3M 2M 3M 2M 2M
totalLiabilities 44M 26M 199M 201M 214M 203M
preferredStock 0 529M 23M 21M 0 0
commonStock 100 000 99 000 58 000 58 000 43 000 38 000
retainedEarnings -240M -314M -316M -297M -307M -288M
accumulatedOtherComprehensiveIncomeLoss -0.000 -529M -23M 0 0 0
othertotalStockholdersEquity 808M 807M 640M 620M 565M 546M
totalStockholdersEquity 568M 493M 324M 345M 258M 258M
totalEquity 590M 504M 335M 356M 258M 258M
totalLiabilitiesAndStockholdersEquity 634M 529M 535M 557M 483M 485M
minorityInterest 21M 11M 11M 11M 11M 0
totalLiabilitiesAndTotalEquity 634M 529M 535M 557M 483M 485M
totalInvestments 69M 101M 90M 97M 62M 159M
totalDebt 14M 3M 63M 64M 62M 64M
netDebt -327M -342M -293M -300M -225M -178M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Cash Flow Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol ACTG ACTG ACTG ACTG ACTG ACTG
reportedCurrency USD USD USD USD USD USD
cik 934 549 934 549 934 549 934 549 934 549 934 549
fillingDate 2024-03-15 2023-11-13 2023-08-03 2023-05-11 2023-03-17 2022-11-14
acceptedDate 2024-03-14 17:37:00 2023-11-13 17:05:58 2023-08-03 17:27:40 2023-05-11 17:04:54 2023-03-17 07:41:49 2022-11-10 20:15:23
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
netIncome 71M 3M -19M 9M -19M 28M
depreciationAndAmortization 5M 3M 3M 3M 3M 3M
deferredIncomeTax -3M -446 000 -377 000 -240 000 -2M -471 000
stockBasedCompensation 973 000 973 000 874 000 477 000 532 000 1M
changeInWorkingCapital -70M 8M -11M 1M -15M 12M
accountsReceivables -73M 353 000 3M -451 000 -1M 7M
inventory 1M 2M 719 000 -503 000 -419 000 -2M
accountsPayables 972 000 5M -13M 2M -5M 4M
otherWorkingCapital 541 000 1M -2M -102 000 -8M 3M
otherNonCashItems -8M -14M 11M -19M 7M -40M
netCashProvidedByOperatingActivities -5M 1M -15M -4M -24M 4M
investmentsInPropertyPlantAndEquipment -6M -15 000 -54 000 -83 000 -180 000 -142 000
acquisitionsNet -9M 0 -6M -8M 0 0
purchasesOfInvestments -4M -3M -677 000 -5M -5M 0
salesMaturitiesOfInvestments 17M 0 7M 8M 38M 45M
otherInvestingActivites 10M 2M 6M 8M 27M 1M
netCashUsedForInvestingActivites 8M -601 000 6M 3M 60M 46M
debtRepayment -8M -60M -27 000 0 -120M -55M
commonStockIssued 0 49M 206 000 79M 0 0
commonStockRepurchased -19 000 0 -179 000 0 -40M -11M
dividendsPaid 0 0 -700 000 -700 000 -700 000 -700 000
otherFinancingActivites -19 000 -11M 27 000 -416 000 169M -1M
netCashUsedProvidedByFinancingActivities -8M -11M -673 000 78M 8M -68M
effectOfForexChangesOnCash 60 000 -43 000 -28 000 12 000 969 000 0
netChangeInCash -5M -10M -9M 76M 46M -22M
cashAtEndOfPeriod 340M 345M 355M 364M 288M 242M
cashAtBeginningOfPeriod 345M 355M 364M 288M 242M 264M
operatingCashFlow -5M 1M -15M -4M -24M 4M
capitalExpenditure -6M -15 000 -54 000 -83 000 -180 000 -142 000
freeCashFlow -11M 1M -15M -4M -24M 4M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Earning call transcript

2023 q4
2024-03-14 ET (fiscal 2023 q4)
2023 q3
2023-11-13 ET (fiscal 2023 q3)
2023 q2
2023-08-04 ET (fiscal 2023 q2)
2023 q1
2023-05-11 ET (fiscal 2023 q1)
2022 q4
2023-03-16 ET (fiscal 2022 q4)
2022 q3
2022-11-10 ET (fiscal 2022 q3)
2022 q2
2022-08-11 ET (fiscal 2022 q2)
2022 q1
2022-05-12 ET (fiscal 2022 q1)

Press-releases

Show financial reports only

2024-03-14 20:06 ET
Acacia Research Reports Fourth Quarter 2023 Financial Results
2024-02-29 13:00 ET
Acacia Research to Release Fourth Quarter and Full Year 2023 Financial Results on March 14
2024-02-20 13:00 ET
Acacia Research Expands Oil and Gas Investments Through Benchmark Energy’s Transformative Acquisition in the Western Anadarko Basin
2024-02-14 13:00 ET
Acacia Research Appoints Martin (“MJ”) D. McNulty, Jr. to Board of Directors, Named Permanent CEO
2024-02-07 21:06 ET
Acacia Research Announces Licensing and Settlement Agreements Related to WiFi-6 Patents
2023-11-13 21:12 ET
Acacia Research Acquires Majority Stake in Benchmark Energy
2023-11-13 21:06 ET
Acacia Research Reports Third Quarter 2023 Financial Results
2023-11-02 20:05 ET
Acacia Research to Release Third Quarter 2023 Financial Results on November 13
2023-08-03 20:06 ET
Acacia Research Reports Second Quarter 2023 Financial Results
2023-07-20 12:00 ET
Acacia Research to Release Second Quarter Financial Results on August 3, 2023
2023-05-11 20:06 ET
Acacia Research Reports First Quarter 2023 Financial Results
2023-04-27 12:00 ET
Acacia Research to Release First Quarter 2023 Financial Results on May 11
2023-03-16 12:14 ET
Acacia Research Reports Fourth Quarter and Full-Year 2022 Financial Results
2023-03-06 13:00 ET
Acacia Announces Closing of Rights Offering
2023-03-02 21:05 ET
Acacia Research to Release Fourth Quarter and Full Year 2022 Financial Results on March 16
2023-02-14 12:39 ET
Acacia Announces Commencement of Rights Offering
2023-02-03 21:50 ET
Acacia Announces Record Date for Rights Offering
2023-02-03 14:30 ET
Barrack, Rodos & Bacine Continues Its Investigation of Acacia Research Corp. (NASDAQ: ACTG) For Potential Investor Claims
2023-01-17 14:30 ET
Barrack, Rodos & Bacine Continues Its Investigation of Acacia Research Corp. (NASDAQ: ACTG) For Potential Investor Claims
2023-01-09 13:30 ET
Acacia Announces CFO Succession Plan
2023-01-06 20:46 ET
Barrack, Rodos & Bacine Is Investigating Acacia Research Corporation (NASDAQ: ACTG) For Potential Investor Claims
2022-12-30 21:56 ET
Acacia Announces Internal Investigation into Former CEO’s Apparent Misconduct and Releases Preliminary Findings
2022-11-10 13:00 ET
Acacia Research Reports Third Quarter 2022 Financial Results
2022-11-03 20:05 ET
Acacia Research to Release Third Quarter 2022 Financial Results on November 10, 2022
2022-10-31 12:00 ET
Acacia Research Streamlines Capital Structure, Strengthens Financial Base, Creating a Corporate Acquisition Platform Backed by Starboard Value LP
2022-10-03 11:00 ET
Acacia Research Provides Update on Strategic Partnership with Starboard Value LP
2022-08-11 12:00 ET
Acacia Research Reports Second Quarter 2022 Financial Results
2022-08-02 20:54 ET
Acacia Research to Release Second Quarter 2022 Financial Results on August 11, 2022
2022-05-12 12:00 ET
Acacia Research Reports First Quarter 2022 Financial Results
2022-05-06 12:00 ET
Acacia Research to Release First Quarter 2022 Financial Results on May 12, 2022
2022-03-31 12:00 ET
Acacia Research Reports Fourth Quarter and Full-Year 2021 Financial Results and Preliminary First Quarter 2022 Results; Announces $40 Million Expansion of Stock Repurchase Program
2022-03-29 11:30 ET
Acacia Research to Release Fourth Quarter and Year-End 2021 Financial Results on March 31, 2022
2022-03-15 12:00 ET
DELETED: Acacia Research Announces New Leadership Appointments
2022-03-15 12:00 ET
Acacia Research Announces New Leadership Appointments
2021-12-06 17:43 ET
ISS Supports Outerbridge’s Case for Change at Comtech
2021-11-15 21:06 ET
Acacia Research Reports Third Quarter 2021 Financial Results
2021-11-10 14:20 ET
Acacia Research Announces Licensing Agreement for Wi-Fi 6 Patents
2021-11-03 10:00 ET
Acacia Research to Release Third Quarter Financial Results on November 15, 2021
2021-10-11 12:05 ET
Acacia Research Acquires Printronix, a Leading Printing Technology Business
2021-10-05 12:04 ET
Acacia’s Portfolio Holding, Oxford Nanopore, Completes IPO on the London Stock Exchange Generating Net Proceeds of $22.3 Million to Acacia
2021-08-30 23:14 ET
Spok Holdings Confirms Receipt of Letter from Acacia Research
2021-08-16 12:00 ET
Acacia Research Reports Second Quarter 2021 Financial Results
2021-08-02 10:00 ET
Acacia Research to Release Second Quarter 2021 Financial Results
2021-05-17 12:17 ET
Acacia Research Reports First Quarter 2021 Financial Results
2021-05-10 10:00 ET
Acacia Research to Release First Quarter 2021 Financial Results
2021-03-29 12:00 ET
Acacia Research Reports Fourth Quarter and Full-Year 2020 Financial Results
2021-03-15 20:15 ET
Acacia Research to Release Fourth Quarter and Year-end 2020 Financial Results
2020-11-09 13:20 ET
Acacia Research Reports Third Quarter 2020 Financial Results
2020-10-26 10:00 ET
Acacia Research to Release Third Quarter Financial Results
2020-08-10 12:00 ET
Acacia Research Reports Second Quarter 2020 Financial Results
2020-07-29 20:30 ET
Acacia Research to Release Second Quarter Financial Results
2020-06-05 11:00 ET
Acacia Agrees to Acquire Portfolio of Life Science Assets for £223.9 million
2020-06-05 10:00 ET
Acacia Research Enhances Senior Management Team, Names Richard Rosenstein as CFO, Meredith Simmons as General Counsel
2020-05-11 12:00 ET
Acacia Research Reports First Quarter 2020 Financial Results
2020-05-05 13:10 ET
Acacia Research to Release First Quarter Financial Results
2020-04-21 10:00 ET
Acacia Research Endorses the New Directors of Immersion Corp
2020-03-12 12:00 ET
Acacia Research Reports Fourth Quarter and Full Year 2019 Financial Results
2020-02-25 21:00 ET
Acacia Research Completes All Aspects of its Strategic Partnership with Starboard Value
2020-02-06 15:19 ET
Acacia Research Corporation Receives Recommendation from ISS and Glass Lewis that Stockholders Vote "FOR" The Two Proposals Related to the Strategic Partnership with Starboard Value LP at the Upcoming Special Meeting
2019-11-18 14:03 ET
Acacia Research Announces Strategic Partnership with Starboard Value
2019-11-12 13:00 ET
Acacia Research Reports Third Quarter Financial Results
2019-10-31 10:00 ET
Acacia Research to Release Third Quarter Financial Results
2019-09-09 21:06 ET
Acacia Research Appoints Executive Leadership

SEC forms

Show financial reports only

SEC form 10
2024-03-15 00:00 ET
Acacia Research Corporation published news for 2023 q4
SEC form 10
2024-03-14 17:37 ET
Acacia Research Corporation published news for 2023 q4
SEC form 8
2024-03-14 16:48 ET
Acacia Research Corporation published news for 2023 q4
SEC form 8
2024-03-14 16:11 ET
Acacia Research Corporation published news for 2023 q4
SEC form 8
2024-03-14 16:11 ET
Acacia Research Corporation reported for 2023 q4
SEC form 10
2023-11-13 17:05 ET
Acacia Research Corporation published news for 2023 q3
SEC form 8
2023-11-13 16:11 ET
Acacia Research Corporation reported for 2023 q3
SEC form 10
2023-11-13 00:00 ET
Acacia Research Corporation published news for 2023 q3
SEC form 10
2023-08-03 17:27 ET
Acacia Research Corporation published news for 2023 q2
SEC form 6
2023-08-03 16:17 ET
Acacia Research Corporation reported for 2023 q2
SEC form 10
2023-08-03 00:00 ET
Acacia Research Corporation published news for 2023 q2
SEC form 8
2023-08-03 00:00 ET
Acacia Research Corporation published news for 2023 q2
SEC form 6
2023-08-02 16:16 ET
Acacia Research Corporation published news for 2023 q2
SEC form 6
2023-08-01 16:23 ET
Acacia Research Corporation published news for 2023 q2
SEC form 6
2023-07-17 08:30 ET
Acacia Research Corporation published news for 2023 q2
SEC form 6
2023-06-09 16:14 ET
Acacia Research Corporation published news for 2023 q1
SEC form 10
2023-05-11 17:04 ET
Acacia Research Corporation published news for 2023 q1
SEC form 6
2023-05-11 16:09 ET
Acacia Research Corporation published news for 2023 q1
SEC form 8
2023-05-11 00:00 ET
Acacia Research Corporation published news for 2023 q1
SEC form 10
2023-05-11 00:00 ET
Acacia Research Corporation published news for 2023 q1
SEC form 6
2023-04-17 16:34 ET
Acacia Research Corporation published news for 2023 q1
SEC form 6
2023-03-28 21:45 ET
Acacia Research Corporation published news for 2022 q4
SEC form 10
2023-03-17 07:41 ET
Acacia Research Corporation published news for 2022 q4
SEC form 10
2023-03-17 00:00 ET
Acacia Research Corporation reported for 2022 q4
SEC form 6
2023-03-16 08:47 ET
Acacia Research Corporation published news for 2022 q4
SEC form 8
2023-03-16 00:00 ET
Acacia Research Corporation reported for 2022 q4
SEC form 10
2022-11-14 00:00 ET
Acacia Research Corporation reported for 2022 q3
SEC form 8
2022-11-10 00:00 ET
Acacia Research Corporation reported for 2022 q3
SEC form 10
2022-08-11 00:00 ET
Acacia Research Corporation reported for 2022 q2
SEC form 8
2022-08-11 00:00 ET
Acacia Research Corporation reported for 2022 q2
SEC form 10
2022-05-12 00:00 ET
Acacia Research Corporation reported for 2022 q1
SEC form 8
2022-05-12 00:00 ET
Acacia Research Corporation reported for 2022 q1
SEC form 10
2022-03-31 00:00 ET
Acacia Research Corporation published news for 2021 q4
SEC form 8
2022-03-31 00:00 ET
Acacia Research Corporation published news for 2021 q4
SEC form 10
2021-11-15 00:00 ET
Acacia Research Corporation published news for 2021 q3
SEC form 8
2021-11-15 00:00 ET
Acacia Research Corporation published news for 2021 q3
SEC form 8
2021-08-16 00:00 ET
Acacia Research Corporation published news for 2021 q2
SEC form 10
2021-08-16 00:00 ET
Acacia Research Corporation published news for 2021 q2
SEC form 10
2021-05-17 00:00 ET
Acacia Research Corporation published news for 2021 q1