Acacia Research Corp. Reports First Quarter Financial Results
Acacia Research Corporation(1) (Nasdaq: ACTG) today reported results for the three months ended March 31, 2013.
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• Revenues in the first quarter of 2013 were $76,861,000, as compared to $99,040,000 in the comparable prior year quarter.
• GAAP net income in the first quarter of 2013 was $5,113,000, or $0.11 per diluted share, as compared to GAAP net income of $49,928,000, or $1.09 per diluted share for the comparable prior year quarter.