NASDAQ$ACTG

Acacia Research Corporation · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported second quarter results, highlighted by the acquisition of the Woodford portfolio and subsequent asset sales.

Acacia Research Corporation reported their second quarter 2020 financial results, featuring the acquisition of the Woodford portfolio of life science assets for $282 million and the recovery of $185 million through sales of certain acquired assets. The company's book value at June 30 is $164.7 million, or $3.36 per share.

  • Acquired Woodford portfolio of life science assets for $282 million.
  • Recovered $185 million to date in sales of certain acquired assets.
  • Positions include a 6% stake in Oxford Nanopore and a 5% stake in Immunocore.
  • Current book value at June 30 is $164.7 million, or $3.36 per share.

Headline financials

Total Revenue

$2.12M

Previous: $5.46M-61.2%
EPS (adj)

$0.09

Previous: -$0.04+325.0%
Capital Expenditures

-$148K

Previous: -$6K-2366.7%
Free Cash Flow

$6M

Previous: -$5.76M+204.2%
Net Income

$6.15M

Previous: -$5.76M+206.8%
Operating Income

-$6.75M

Previous: -$4.02M-67.8%
Gross Profit

-$1.23M

Previous: -$211K-482.5%
Cash & Equivalents

$164M

Previous: $63.5M+158.8%
Total Assets

$394M

Previous: $204M+93.4%
Stock-Based Comp

$423K

Previous: $461K-8.2%

Revenue & EPS history

Acacia · Revenue · Quarterly

$2.12M

Q2 2020-61.2%vs Q2 2019
Beat estimate in 10 of 12 quarters(83%)
ActualEstimate

Revenue by segment

Acacia · $10.1M total across 2 segments · Q3 2023

  • Industrial Operations
    $8.32M-12.9%
  • Intellectual Property Operations
    $1.76M-72.2%

Forward guidance

Acacia intends to commence a Stockholder Offering of up to $31.5 million of senior secured notes, and warrants to purchase shares of common stock, to existing holders of our common stock, with substantially similar terms as the Senior Secured Notes and Series B warrant issued to Starboard

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

-1.1%

Avg return

Earnings day

+0.8%

Avg return

5 days after

+2.8%

Avg return

30 days after

42%

27 / 65 earnings

Positive

+20.7%

Q4 2025

Best reaction

-27.2%

Q1 2013

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-7.3%-7.5%-8.9%
Q4 2025+20.7%+18.8%+18.1%
Q3 2025+9.4%+11.3%+12.8%
Q1 2025+15.7%+26.4%+24.8%
Q4 2024-14.5%-18.5%-31.0%
Q3 2024-8.9%-6.3%-4.9%
Q2 2024-4.8%-6.9%-2.5%
Q1 2024-1.9%+2.1%+0.2%
Q4 2023+16.3%+26.3%+25.5%
Q3 2023+1.7%+3.0%+6.1%
Q2 2023-7.2%-3.2%-5.5%
Q1 2023-1.2%+0.8%+14.5%
Q4 2022-7.5%-5.9%-16.7%
Q3 2022+2.0%+0.0%-5.3%
Q2 2022-3.0%-6.0%-16.1%
Q1 2022-3.9%-1.3%-0.9%
Q4 2021+12.3%+8.4%+12.2%
Q3 2021+5.3%-3.1%-10.2%
Q2 2021-4.9%-4.3%+9.7%
Q1 2021-5.1%+0.5%+12.6%
Q4 2020+0.7%+5.3%+0.8%
Q3 2020+1.4%-2.5%+0.0%
Q2 2020-1.0%-3.4%-7.7%
Q1 2020-0.2%-8.6%+62.9%
Q4 2019+3.6%-0.5%+14.0%
Q3 2019+14.2%+13.0%+13.8%
Q2 2019-3.6%-4.9%-14.4%
Q1 2019+1.0%+1.0%-0.6%
Q4 2018-3.2%-1.9%-1.0%
Q3 2018+2.7%+1.3%+3.7%
Q2 2018+2.6%+2.6%-7.9%
Q1 2018+1.4%+1.4%+5.5%
Q4 2017-1.4%-1.4%+2.8%
Q3 2017+6.1%+9.8%+4.9%
Q2 2017-10.0%-15.0%-17.5%
Q1 2017-4.9%-3.9%-22.5%
Q4 2016-9.6%-11.3%-3.5%
Q3 2016+1.7%-2.5%+24.4%
Q2 2016+7.6%+17.5%+16.7%
Q1 2016+4.1%
Q4 2015-21.8%
Q3 2015-14.4%
Q2 2015+9.1%
Q1 2015+12.9%
Q4 2014-3.6%
Q3 2014+1.2%
Q2 2014+16.8%
Q1 2014-0.2%
Q4 2013-6.1%
Q3 2013-25.3%
Q2 2013-12.4%
Q1 2013-27.2%
Q4 2012+3.8%
Q3 2012-0.2%
Q2 2012+1.1%
Q1 2012+2.3%
Q1 2010-2.9%
Q1 2011-2.9%
Q4 2011-2.9%
Q4 2009-2.9%
Q3 2011-6.9%
Q3 2010-6.9%
Q2 2011-1.8%
Q2 2010-1.8%
Q4 2010-1.8%

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