NASDAQ$ACTG

Acacia Research Corporation · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Acacia Research reported a decrease in revenue but streamlined its capital structure and positioned itself as a corporate acquisition platform.

Acacia Research reported a decrease in consolidated revenue to $13.1 million for the quarter, compared to $63.3 million in the same quarter last year. The company completed an agreement to streamline its capital structure and navigate changes to its executive team. They enter 2023 with the right structure and organization and are well-positioned to take advantage of economic dynamics to acquire value-creating assets.

  • Completed an agreement to streamline the company's capital structure and strengthen its financial position.
  • Gavin Molinelli, Partner and Portfolio Manager at Starboard, joined Acacia's Board of Directors as Chairman.
  • Generated $13.1 million in consolidated revenue for the quarter, a decrease from $63.3 million in the same quarter last year.
  • Recorded $10.9 million in realized gains from the sale of equity securities during the quarter.

Headline financials

Total Revenue

$13.1M

Previous: $63.3M-79.3%
EPS (adj)

-$0.50

Previous: $0.45-211.1%
Book Value Per Share

$6.19

No prior period
Capital Expenditures

$180K

Previous: $24K+650.0%
Free Cash Flow

-$23.9M

Previous: $20.9M-214.4%
Net Income

-$18.4M

Previous: $205M-109.0%
Operating Income

-$14.5M

Previous: $31.3M-146.3%
Gross Profit

$3.65M

Previous: $45.7M-92.0%
Cash & Equivalents

$288M

Previous: $309M-6.8%
Total Assets

$483M

Previous: $799M-39.5%
Stock-Based Comp

$532K

Previous: $774K-31.3%

Revenue & EPS history

Acacia · Revenue · Quarterly

$13.1M

Q4 2022-79.3%vs Q4 2021
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Revenue by segment

Acacia · $13.1M total across 2 segments · Q4 2022

  • Industrial Operations
    $10.6M-11.6%
  • Intellectual Property Operations
    $2.51M-95.1%

Forward guidance

Acacia expects the enhanced processes, improved team, and hard work of the past year to translate to results, though timing continues to require receptive counterparties and favorable market conditions. Acacia maintains a strong capital base and a talented team of professionals who are actively identifying, evaluating and advancing opportunities to expand our business.

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 Q4 2022

Historical avgQ4 2022

-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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