Founded in 1993, Acacia Research Corporation (ACTG) invests in Intellectual Property Assets and partners with inventors and patent owners to realize the financial value in their patented inventions. Acacia bridges the gap between invention and application, facilitating efficiency and delivering monetary rewards to the patent owner.

Company profile
Ticker
ACTG
Exchange
Website
CEO
Clifford Press
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
TiVo • Dolby Laboratories • Interdigital • Franchise • Virnetx Holding • Xcel Brands • Network-1 • Finjan • Digital Turbine • Joint ...
SEC CIK
Corporate docs
Subsidiaries
Pixel Acquisition Holdco LLC • Printronix Holding Corp. • Printronix LLC • Merton Acquisition Holdco LLC ...
IRS number
954405754
ACTG stock data
Press releases
Investment data
Securities sold
Number of investors
Calendar
11 Aug 22
12 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Cost of revenue | |||||
Operating income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 263.95M | 263.95M | 263.95M | 263.95M | 263.95M | 263.95M |
Cash burn (monthly) | 8.47M | (no burn) | 15.9M | (no burn) | 4.8M | (no burn) |
Cash used (since last report) | 12.31M | n/a | 23.09M | n/a | 6.97M | n/a |
Cash remaining | 251.64M | n/a | 240.86M | n/a | 256.98M | n/a |
Runway (months of cash) | 29.7 | n/a | 15.2 | n/a | 53.6 | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Aug 22 | Lawrence Wesley Golby | ACTG Common Stock | Payment of exercise | Dispose F | No | No | 0 | 9,614 | 0 | 230,035 |
18 Jun 22 | Booth Marc W. | ACTG Common Stock | Payment of exercise | Dispose F | No | No | 0 | 5,764 | 0 | 304,557 |
6 Jun 22 | Rosenstein Richard Jay | ACTG Common Stock | Payment of exercise | Dispose F | No | No | 0 | 10,395 | 0 | 176,074 |
12 May 22 | Booth Marc W. | ACTG Common Stock | Payment of exercise | Dispose F | No | No | 0 | 5,114 | 0 | 310,321 |
12 May 22 | Rosenstein Richard Jay | ACTG Common Stock | Payment of exercise | Dispose F | No | No | 0 | 5,431 | 0 | 186,469 |
Institutional ownership, Q1 2022
59.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 95 |
Opened positions | 7 |
Closed positions | 23 |
Increased positions | 22 |
Reduced positions | 46 |
13F shares | Current |
---|---|
Total value | 122.71M |
Total shares | 27.25M |
Total puts | 665.2K |
Total calls | 46.6K |
Total put/call ratio | 14.3 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 3.28M | $14.8M |
IVZ Invesco | 2.64M | $11.89M |
Vanguard | 2.54M | $11.44M |
Renaissance Technologies | 1.98M | $8.93M |
Formidable Asset Management | 1.95M | $8.79M |
ArrowMark Colorado | 1.8M | $8.12M |
Granahan Investment Management | 1.65M | $7.46M |
Pacific Ridge Capital Partners | 1.27M | $5.72M |
STT State Street | 932.91K | $4.21M |
Geode Capital Management | 841.18K | $3.79M |
Financial report summary
?Risks
- Our acquisitions of and investment in operating businesses and intellectual property assets are costly and could negatively affect our results of operations, dilute our stockholders’ ownership, or cause us to incur significant expense, and we may not realize the expected benefits of our operating businesses because of difficulties related to integration.
- Our platform’s success is dependent on our ability to attract and retain employees and management teams of our operating businesses, the loss of any of whom could materially adversely affect our financial condition, business and results of operations.
- The success of our platform and the integration of our operating businesses is dependent on our relationship with Starboard.
- The due diligence process we undertake in connection with new acquisitions of operating businesses or intellectual property assets may not reveal all material facts.
- Our acquisition strategy may include acquisitions of privately held companies, which provide more limited information, may be dependent on the talents and efforts of only a few key portfolio company personnel, and have greater vulnerability to economic downturns when compared to public company targets.
- If, in the future, we cease to control and operate our operating businesses, we may be deemed to be an investment company under the Investment Company Act of 1940, as amended.
- Both Acacia and our operating businesses outsource a number of services to third-party service providers, which are subject to disruptions, delays, and decrease in our control, which could adversely impact our results of operations.
- Recent U.S. tax legislation may adversely affect our financial condition, results of operations and cash flows, including the ability to use net operating losses and certain other tax attributes.
- Data security and integrity are critically important to our businesses, and cybersecurity incidents, including cyberattacks, breaches of security, unauthorized access to or disclosure of confidential information, business disruption, or the perception that confidential information is not secure, could result in a material loss of business, regulatory enforcement, substantial legal liability and/or significant harm to their reputation, which could have a material adverse effect on our business, financial condition and results of operations.
- Public health threats such as COVID-19 could have a material adverse effect on our operations, the operations of our business partners, and the global economy as a whole.
- Our intellectual property business is reliant on the strength of our patent portfolios and is subject to evolving legislation, regulations, and rules associated with patent law.
- Patent litigation is inherently risky because courts may find our patents invalid, not infringed, or unenforceable, and the USPTO, or other relevant patent office, may either invalidate our patents or materially narrow the scope of their claims during the course of a reexamination, opposition or other such proceeding.
- The enforcement of our intellectual property depends in part upon our ability to retain the best legal counsel in order to achieve favorable outcomes from litigation, and we may become conflicted out of such representation.
- We may experience delays in successful prosecution, enforcement, and licensing of our patent portfolio.
- Certain of our operating businesses rely, or may rely in the future, on their intellectual property and licenses to use others’ intellectual property for competitive advantage. If our operating businesses are unable to protect their intellectual property or obtain or retain licenses to use other’s intellectual property, or if they infringe upon or are alleged to have infringed upon others’ intellectual property, it could have a material adverse effect on our financial condition, business and results of operations.
- Certain of our operating businesses’ inability to develop new products and enhance existing products to meet customer product requirements on a cost competitive basis may negatively impact our results of operations.
- Certain of our operating businesses are dependent on a limited number of customers to derive a large portion of their revenue, and the loss of one of these customers may adversely affect the financial condition, business and results of operations of these businesses.
- Certain of our operating businesses have limited suppliers for key product components and services they rely on and any interruption in supply could impair their ability to make and deliver their signature products, adversely affecting our business, financial condition, and results of operations.
- Failure of our operating businesses to manage inventory levels or production capacity may negatively impact our results of operations.
- Certain of our operating businesses’ inability to perform satisfactorily under service contracts for managed print services may negatively impact our financial performance and results of operations.
- Decreased consumption of supplies could negatively impact the results of operations of certain of our operating businesses.
- Due to the international nature of certain of our operating businesses, changes in a country’s or region’s political or economic conditions or other factors could negatively impact the results of operations of certain of our operating businesses.
- Our quarterly performance may be volatile, which in turn may adversely affect the trading price of our common stock.
- We do not currently intend to pay dividends on our common stock in the foreseeable future, and consequently, your ability to achieve a return on your investment will depend on appreciation in the price of our common stock.
Management Discussion
- Total revenues decreased $0.7 million to $16.7 million for the three months ended June 30, 2022, as compared to $17.4 million for the three months ended June 30, 2021, due to the decrease in ARG's revenues, partially offset by the net revenues contributed from Printronix of $8.7 million. ARG executed three new license agreements during the second quarter of 2022, a decrease of three versus the comparable prior period, which contributed to ARG's revenues decreasing by $9.3 million. Refer to “Investments in Patent Portfolios” above for additional information regarding the impact of portfolio acquisition trends on current and future licensing and enforcement related revenues. Refer to "Revenues" below for further information.
Content analysis
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Legalese | ||
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Readability |
H.S. sophomore Bad
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New words:
add, ARC, ARG, European, HSBC, lapse, move, slightly, submission, Trust
Removed:
Semiconductor, Speech, wireline
Financial reports
Current reports
8-K
Acacia Research Reports Second Quarter 2022 Financial Results
11 Aug 22
8-K
Entry into a Material Definitive Agreement
19 Jul 22
8-K
Material Modifications to Rights of Security Holders
20 May 22
8-K
Submission of Matters to a Vote of Security Holders
18 May 22
8-K
Acacia Research Reports First Quarter 2022 Financial Results
12 May 22
8-K
Departure of Directors or Certain Officers
29 Apr 22
8-K
Entry into a Material Definitive Agreement
20 Apr 22
8-K
Results of Operations and Financial Condition
31 Mar 22
8-K
Acacia Research Announces New Leadership Appointments
15 Mar 22
8-K
Entry into a Material Definitive Agreement
4 Feb 22
Registration and prospectus
424B5
Prospectus supplement for primary offering
24 Nov 20
S-3/A
Shelf registration (amended)
18 Nov 20
S-3
Shelf registration
9 Nov 20
D
Indefinite amount in equity / debt / options, sold $35M, 6 investors
2 Dec 19
8-A12B
Registration of securities on exchange
15 Mar 19
S-8
Registration of securities for employees
10 May 17
8-A12B
Registration of securities on exchange
23 Mar 16
S-8 POS
Registration of securities for employees (post-effective amendment)
10 Jun 13
S-8
Registration of securities for employees
5 Jun 13
424B3
Prospectus supplement
22 Apr 12
Other
EFFECT
Notice of effectiveness
24 Nov 20
CORRESP
Correspondence with SEC
18 Nov 20
UPLOAD
Letter from SEC
17 Nov 20
UPLOAD
Letter from SEC
5 Jul 18
UPLOAD
Letter from SEC
5 Jul 18
CORRESP
Correspondence with SEC
25 Apr 18
UPLOAD
Letter from SEC
23 Apr 18
UPLOAD
Letter from SEC
23 Apr 18
CORRESP
Correspondence with SEC
17 Apr 18
UPLOAD
Letter from SEC
12 Apr 18
Ownership
4
ACACIA RESEARCH / Lawrence Wesley Golby ownership change
3 Aug 22
SC 13G
ACACIA RESEARCH / BlackRock ownership change
8 Jul 22
SC 13D/A
Spok / ACACIA RESEARCH ownership change
29 Jun 22
4
ACACIA RESEARCH / Marc W. Booth ownership change
22 Jun 22
4
ACACIA RESEARCH / Richard Jay Rosenstein ownership change
7 Jun 22
4
ACACIA RESEARCH / Lawrence Wesley Golby ownership change
16 May 22
4
ACACIA RESEARCH / Jason W. Soncini ownership change
16 May 22
4
ACACIA RESEARCH / Richard Jay Rosenstein ownership change
16 May 22
4
ACACIA RESEARCH / Marc W. Booth ownership change
16 May 22
4
ACACIA RESEARCH / Jonathan Sagal ownership change
11 May 22
Transcripts
2022 Q2
Earnings call transcript
11 Aug 22
2022 Q1
Earnings call transcript
12 May 22
2021 Q4
Earnings call transcript
31 Mar 22
2021 Q3
Earnings call transcript
16 Nov 21
2021 Q2
Earnings call transcript
16 Aug 21
2021 Q1
Earnings call transcript
17 May 21
2020 Q4
Earnings call transcript
29 Mar 21
2020 Q3
Earnings call transcript
9 Nov 20
2020 Q2
Earnings call transcript
10 Aug 20
2020 Q1
Earnings call transcript
11 May 20
Reddit threads
Daily Discussion Thread - August 11th, 2022
11 Aug 22
Daily Discussion Thread - August 10th, 2022
10 Aug 22
Calculating Earnings Yield when Enterprise Values are Negative
20 May 22
Daily Discussion Thread - May 12th, 2022
12 May 22
Daily Discussion Thread - May 11th, 2022
11 May 22
Daily Discussion Thread - March 31st, 2022
31 Mar 22
Daily Plays March 31, 2022
31 Mar 22
Daily General Discussion and Advice Thread - January 24, 2022
24 Jan 22
Daily Discussion Thread - November 15th, 2021
15 Nov 21
Daily Discussion Thread - November 12th, 2021
12 Nov 21