Acacia Research: Q1 Earnings Snapshot

By The Associated Press

Posted May 17, 2021 8:34 am.

Last Updated May 17, 2021 8:38 am.

NEW YORK (AP) _ Acacia Research Corp. (ACTG) on Monday reported a loss of $164.6 million in its first quarter.

On a per-share basis, the New York-based company said it had a loss of $2.81. Losses, adjusted for non-recurring costs, came to 19 cents per share.

The technology patent licensor posted revenue of $5.8 million in the period.

Acacia Research shares have increased 39% since the beginning of the year. The stock has more than doubled in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ACTG at https://www.zacks.com/ap/ACTG

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