Acacia Research: 3Q Earnings Snapshot
NEWPORT BEACH, Calif. (AP) _ Acacia Research Corp. (ACTG) on Tuesday reported a loss of $7.6 million in its third quarter.
The Newport Beach, California-based company said it had a loss of 15 cents per share. Losses, adjusted for non-recurring costs and amortization costs, came to 3 cents per share.
The technology patent licensor posted revenue of $1.7 million in the period.
Acacia Research expects full-year revenue in the range of $15 million to $20 million.
The company’s shares closed at $2.61. A year ago, they were trading at $3.20.