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Acacia Research Corp. (ACTG)
NASDAQ:ACTG
Holding ACTG?
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.07Last Year’s EPS
$0.75Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 12, 2024
|% Change Since: -4.65%
|Next Earnings Date:Mar 13, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with significant revenue growth and a strong cash position, driven by strategic acquisitions like Deflecto and Benchmark. However, challenges such as a decline in intellectual property revenue, a decrease in industrials revenue, and an overall net loss were also highlighted.Company Guidance
During the Acacia Research Q3 2024 earnings call, several key metrics and financial guidance were highlighted. The company reported consolidated revenues of $23.3 million, up 131% compared to the same quarter last year, mainly due to acquisitions. The acquisition of Deflecto for $103.7 million, financed by $48 million in debt and $55.7 million in equity, is expected to generate 2024 revenues between $128 million and $136 million, with an EBITDA between $17.5 million and $19.5 million. Acacia generated $1.7 million of adjusted EBITDA in Q3, bolstered by $6.9 million in operated segment adjusted EBITDA. Their energy operations, including the Benchmark acquisition, contributed $15.8 million in revenues and $8.4 million in adjusted EBITDA. The company ended the quarter with a cash position of approximately $280 million and a book value per share of $5.85, aiming to strategically use cash reserves for further acquisitions and shareholder returns.Acquisition of Deflecto
Acacia Research acquired Deflecto for $103.7 million, including $48 million in debt financing and $55.7 million in equity. Deflecto is expected to generate $128 million to $136 million in revenue and $17.5 million to $19.5 million in EBITDA for 2024.
Significant Revenue Growth
Acacia Research reported $23.3 million in consolidated revenue for Q3 2024, up 131% compared to the third quarter of last year, driven by the full impact of the Benchmark acquisition.
Energy Vertical Performance
The energy operations generated $15.8 million in revenues during the quarter, up 12% from $14.2 million in the second quarter, reflecting the full quarter impact of Benchmark's acquisition.
Strong Cash Position
Acacia's current cash position grew to approximately $280 million compared to $242 million as of September 30, 2022, despite completing three acquisitions in the last 12 months.
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ACTG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ACTG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 12, 2024 | $4.73 | $4.31 | -8.88% |
| Aug 08, 2024 | $4.92 | $4.58 | -6.91% |
| May 09, 2024 | $5.18 | $5.08 | -1.93% |
| Mar 14, 2024 | $3.98 | $4.65 | +16.83% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Acacia Research Corp. (ACTG) report earnings?
Acacia Research Corp. (ACTG) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Acacia Research Corp. (ACTG) earnings time?
Acacia Research Corp. (ACTG) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ACTG EPS forecast?
ACTG EPS forecast for the fiscal quarter 2024 (Q4) is -$0.07.
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